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Materion: Q1 Earnings Snapshot

By AP News - May 03, 2023, 07:03 AM ET

Last Updated - Jun 21, 2023, 11:33 PM EDT

MAYFIELD HEIGHTS, Ohio (AP) — MAYFIELD HEIGHTS, Ohio (AP) — Materion Corp. (MTRN) on Wednesday reported first-quarter earnings of $25.6 million.

The Mayfield Heights, Ohio-based company said it had net income of $1.23 per share. Earnings, adjusted for one-time gains and costs, came to $1.34 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The supplier of engineered materials to technology companies posted revenue of $442.5 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $446.4 million.

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