Materion Corp. (MTRN) Reports In-Line Q4 EPS
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Materion Corporation Reports Record Fourth Quarter and Full-Year 2021 Financial Results and Provides 2022 Guidance
February 17, 2022 7:00 AM ESTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported fourth quarter and full-year 2021 financial results, provided 2022 earnings guidance, and shared an update on key strategic initiatives.
Fourth Quarter 2021 Highlights
Net sales were $397.2 million; value-added sales increased 27% year over year to a record $237.4 million Operating profit was $15.5 million; adjusted earnings before interest and taxes (EBIT) was a record at $28.1 million, or 11.8% of value-added sales, a 180-basis point margin expansion year over year Net income of $0.95 per... More