Benzinga | Jul 23, 2020 08:13AM EDT

Materion: Q2 Earnings Insights

Shares of Materion (NYSE:MTRN) were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 44.32% year over year to $0.49, which beat the estimate of $0.45.

Revenue of $271,468,000 decreased by 8.86% year over year, which missed the estimate of $282,550,000.

Outlook

Materion hasn't issued any earnings guidance for the time being.

Materion hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 23, 2020

Time: 09:00 AM

ET Webcast URL: https://investor.materion.com/events-and-presentations/event-details/2020/Materion-Corporation-Second-Quarter-2020/default.aspx

Price Action

52-week high: $68.75

Company's 52-week low was at $26.15

Price action over last quarter: Up 24.61%

Company Profile

Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other. The majority of revenue is derived domestically, with significant contributions coming from Asia and Europe.