Materion Corp. (MTRN) Tops Q1 EPS by 15c, Offers Guidance
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Materion Corporation Reports Record Quarterly Results and Raises Full Year 2022 Outlook
April 28, 2022 7:30 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported first quarter financial results, provided updated 2022 earnings guidance, and shared an update on key strategic initiatives.
First Quarter 2022 Highlights
Net sales were $449.0 million; value-added sales increased year over year to a record $266.8 million, up 34% Operating profit was $19.6 million; adjusted earnings before interest, taxes, depreciation, depletion and amortization (EBITDA) was a record at $44.6 million, an increase of 49% and 160-basis point margin expansion year over year Net income of $0.68 per share, diluted; record adjusted... More