Materion Corp (MTRN) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.29. The company posted revenue of $249.80 million in the period, compared to analysts expectations of $235.29 million. The company’s revenue was down -9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Materion Corp opened for trading at $26.79 and hit $27.695 on the upside on Thursday, eventually ending the session at $26.4, with a gain of 2.25% or 0.58 points. The heightened volatility saw the trading volume jump to 1,47,282 shares. Company has a market cap of $529 M.
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.