Materion Corp. (MTRN) Tops Q3 EPS by 26c
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Materion Corporation Reports Record Third Quarter Financial Results and Raises Full Year Outlook
November 2, 2021 6:55 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN), a world leader in high performing advanced materials, today reported record third quarter financial results and further raised its 2021 outlook.
Third Quarter 2021 Highlights
Net sales were $388.0 million compared to $287.2 million in the prior-year period; value-added sales increased 31% year on year to a record $215.8 million for the quarter Operating profit of $21.2 million; adjusted earnings before interest and taxes (EBIT) was a record at $27.8 million, or 12.9% of value-added sales, a 430-basis point margin expansion year-over-year Net... More