MAYFIELD HEIGHTS, Ohio (AP) — MAYFIELD HEIGHTS, Ohio (AP) — Materion Corp. (MTRN) on Thursday reported fourth-quarter earnings of $28.8 million.
On a per-share basis, the Mayfield Heights, Ohio-based company said it had net income of $1.38. Earnings, adjusted for one-time gains and costs, came to $1.49 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The supplier of engineered materials to technology companies posted revenue of $434.6 million in the period.
For the year, the company reported profit of $86 million, or $4.14 per share. Revenue was reported as $1.76 billion.
Materion expects full-year earnings in the range of $5.50 to $5.90 per share.
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