MATERION Corp (MTRN) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $17.69 million, or $0.85 per share. This compares with $13.40 million, or $0.64 per share, last year.
Excluding items, MATERION Corp reported adjusted earnings of $23.7 million or $1.13 per share for the period.
Analysts on average had expected the company to earn $1.04 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.1% to $420.33 million from $385.28 million last year.
MATERION Corp earnings at a glance (GAAP) :
-Earnings: $17.69 Mln. vs. $13.40 Mln. last year.
-EPS: $0.85 vs. $0.64 last year.
-Revenue: $420.33 Mln vs. $385.28 Mln last year.
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