Materion corporation reports record first quarter 2023 results and raises 2023 outlook

Mayfield heights, ohio--(business wire)--materion corporation (nyse: mtrn) today reported first quarter financial results, raised 2023 earnings guidance, and shared growth highlights. first quarter 2023 highlights net sales were $442.5 million; value-added sales1 increased 15% year over year to a first quarter record of $298.6 million operating profit was $36.9 million; adjusted ebitda2 was $53.4 million, or 17.9% of value-added sales, a 70-basis point margin expansion year over year net income.
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