Materion Corp. (MTRN) Tops Q2 EPS by 4c

Materion Corp. (NYSE: MTRN) reported Q2 EPS of $0.49, $0.04 better than the analyst estimate of $0.45. Revenue for the quarter came in at $271.5 million versus the consensus estimate of $282.55 million.

OUTLOOK:

We continue to experience significant levels of uncertainty regarding future demand in our end markets due to the COVID-19 pandemic. Based on current demand levels and assuming our factories remain operational, we expect adjusted earnings in the third quarter to be comparable to slightly better than the second 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.

You May Also Be Interested In

• L3Harris CEO steps down amid conduct review, shares drop
• Laser Photonics Corporation (LASE) Reports Q2 Loss of $0.08
• Femasys Inc. (FEMY) Misses Q2 EPS by 20c