Materion rises on upbeat quarterly results

Materion

19/02/2025 18:07

** Shares of alloys and chemicals maker Materion  MTRN.N  up
4.01% at $103.74
    ** Co posts Q4 sales of $436.9 million, above analysts'
average estimate of $433.2 million, according to data compiled
by LSEG
    ** Also reports Q4 adj. profit of $1.55 per share, above
analysts' average estimate of $1.45
    ** Expects FY25 adj. profit between $5.30 and $5.70 per
share
    ** Co remains cautiously optimistic about the market
dynamics entering 2025, and expects mid-single digit top-line
growth from businesses, excluding precision clad strip
    ** Shares fell ~24.01% in 2024

 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.Kumari@thomsonreuters.com;))