Materion Q4 Profit Rises; Provides FY14 EPS Outlook - Quick Facts

(RTTNews) - Specialty metal products company Materion Corp. (MTRN), posted fourth-quarter net income of $3.8 million or $0.18 per share, compared to $2.5 million or $0.12 per share in the same period last year.

Adjusted net income for the latest fourth quarter was $7.1 million or $0.34 per share, compared to $2.5 million or $0.12 per share in the previous year quarter. On average, five analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales were $286.14 million, up from $303.76 million last year, while three analysts expected revenues of $273.91 million.

For fiscal 2014, the company expects earnings in the range of $1.75 per share to $1.95 per share. Analysts currently expect earnings of $1.83 per share.