Revenue Update on Materion Corp(NYSE:MTRN)

Materion Corp(NYSE:MTRN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $249.78M. Analysts estimated a revenue of $235.29M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.29.

Materion Corp (MTRN) made into the market gainers list on Thursdays trading session with the shares advancing 1.40% or 0.37 points. Due to strong positive momentum, the stock ended at $26.83, which is also near the day’s high of $26.95. The stock began the session at $26.39 and the volume stood at 80,541 shares. The 52-week high of the shares is $35.21 and the 52 week low is $20.62. The company has a current market capitalization of $536 M and it has 1,99,67,266 shares in outstanding.

Materion Corporation is a holding company. The Company is an integrated producer of engineered materials used in a variety of electrical electronic thermal and structural applications. The Company’s products are sold in markets including consumer electronics industrial components medical automotive electronics energy telecommunications infrastructure defense and commercial aerospace. The Company operates in three segments. The Company’s Performance Alloys and Composites segment include performance metals and technical materials. The Company’s technical materials produces strip metal products with clad inlay and overlay metals. The Company’s Advanced Materials produces chemicals microelectronics packaging precious metal non-precious metal and specialty metal products. The Company’s Other segment includes precision optics and large area coatings. The Company through its subsidiaries has operations in the United States Europe and Asia.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *