Materion Corp. (MTRN) Tops Q3 EPS by 9c; Offers FY23 EPS Guidance
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Materion Corporation Reports Record Third Quarter 2023 Results
November 1, 2023 6:45 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported third quarter financial results and affirmed the midpoint of the 2023 earnings guidance.
Third Quarter 2023 Highlights
Net sales were $403.1 million; value-added sales1 were $270.5 million Strong third quarter operating profit of $36.5 million versus $29.1 million in the prior year; record third quarter adjusted EBITDA2 of $55.4 million versus $48.8 million in the prior year, an increase of 14% Record third quarter net income of $1.27 per share, diluted, and record adjusted earnings of $1.51 per share Affirmed full year earnings outlook... More