MTRN - Materion Non-GAAP EPS of $1.31 misses by $0.13 revenue of $428.19M misses by $24.13M
- Materion press release ( NYSE: MTRN ): Q3 Non-GAAP EPS of $1.31 misses by $0.13 .
- Revenue of $428.19M (+10.3% Y/Y) misses by $24.13M .
- Operating profit was $29.1 million; adjusted earnings before interest, taxes, depreciation, depletion, and amortization (EBITDA) was a record $48.8 million.
- While we continue to expect strong end market demand and growth from our strategic initiatives, we are updating the 2022 adjusted earnings per share guidance to the range of $5.15 to $5.25 to adjust for the impact of the aforementioned headwinds. This updated range represents a ~30% increase from the prior year at the midpoint.
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Materion Non-GAAP EPS of $1.31 misses by $0.13, revenue of $428.19M misses by $24.13M