Materion Corp. (MTRN) Tops Q4 EPS by 9c; Guides FY23
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Materion Corporation Reports Record Fourth Quarter and Full-Year 2022 Financial Results and Provides 2023 Outlook
February 16, 2023 6:47 AM ESTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported record fourth quarter and full-year 2022 financial results, provided 2023 earnings guidance, and shared an update on key strategic initiatives.
Fourth Quarter 2022 Highlights
Net sales were $434.6 million; value-added sales1 increased 30% year over year to a record $309.2 million Operating profit was $39.2 million; adjusted earnings before interest, taxes, depreciation, depletion and amortization (EBITDA) was a record at $55.6 million, or 18.0% of value-added sales, a 120-basis point margin expansion year over year Net income of $1.38 per share,... More