Materion Corp. (MTRN) Misses Q1 EPS by 1c

Materion Corp. (NYSE: MTRN) reported Q1 EPS of $0.43, $0.01 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $277.9 million versus the consensus estimate of $263.5 million.

OUTLOOK

The COVID-19 pandemic has created unprecedented levels of uncertainty and negatively impacted demand levels in several of the Company’s end markets, particularly in automotive, energy, industrial, and aerospace. Offsetting the pressure, we are experiencing higher demand in the semiconductor, medical, and defense end markets. Based on current demand levels and assuming our factories remain operational, we expect second quarter financial performance to be comparable or slightly better than first quarter.

The impact of the COVID-19 pandemic is fluid and continues to evolve, and therefore we cannot predict the extent to which our business, results of operations, financial condition, or cash flows will ultimately be impacted. Therefore, we are not providing full-year earnings guidance. We anticipate resuming our practice of providing full-year earnings guidance once the degree of economic uncertainty driven by the COVID-19 pandemic subsides.

For earnings history and earnings-related data on Materion Corp. (MTRN) click here.

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