Materion Corporation Reports First Quarter 2024 Financial Results
Materion Corporation (MTRN)
Last materion corporation earnings: 4/23 07:53 am
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US:NYSE Investor Relations:
investor.materion.com/investor-relations
Company Research
Source: Business Wire
MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation (NYSE: MTRN) today reported first quarter 2024 financial results and provided an update to 2024 earnings guidance.Financial SummaryNet sales were $385.3 million; value-added sales1 were $257.8 millionNet income was $13.4 million, or $0.64 per share, diluted, and adjusted earnings of $0.96 per shareFull year adjusted earnings outlook updated to $5.60-$6.20 per share, a 5% increase year over year at the midpointFIRST QUARTER 2024 RESULTSNet sales for the quarter were $385.3 million, compared to $442.5 million in the prior year period. Value-added sales were $257.8 million for the quarter, down 14% from the prior year primarily due to continued semiconductor and industrial market weakness combined with some temporary operational challenges. This year-over-year decline was partially offset by strength in the space & defense markets.Operating profit for the quarter was $22.2 million and net income was $13.4 million, or $0.64
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MTRN
Earnings
- 5/1/24 - Miss
MTRN
Sec Filings
- 5/15/24 - Form 144
- 5/15/24 - Form 4
- 5/13/24 - Form 144
- MTRN's page on the SEC website