Materion Corp. (MTRN) Tops Q2 EPS by 7c; Offers FY22 EPS Guidance
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Materion Corporation Reports Record Second Quarter Results and Affirms Full Year 2022 Outlook
August 3, 2022 6:47 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN), a world leader in high performance advanced materials, today reported record second quarter financial results, affirmed 2022 earnings guidance and shared an update on key strategic initiatives.
Second Quarter 2022 Highlights
Net sales were $445.3 million; value-added sales increased 33% year over year to a record $277.2 million Operating profit was $31.9 million; adjusted earnings before interest, taxes, depreciation, depletion and amortization (EBITDA) was a record $47.0 million, an increase of 44% and a 120-basis point margin expansion... More