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

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Materion Corporation Reports Second Quarter 2020 Financial Results

July 23, 2020 7:50 AM EDT

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported second quarter 2020 financial results and provided an update on key strategic initiatives.

Net sales were $271.5 million; value-added sales increased 2% sequentially to $161.6 million Net income was $0.32 per share, diluted; adjusted earnings were $0.49 per share, up 14% vs. the first quarter Closed Optics Balzers acquisition to create a global industry leader in optical thin film coating solutions Significant new customer opportunity for precision clad engineered strip product on schedule

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