Materion Q3 Adjusted Earnings Decline, Sales Rise; 2024 Adjusted EPS Guidance Lowered

MT Newswires Live10-30

Materion (MTRN) reported Q3 adjusted earnings Wednesday of $1.41 per diluted share, down from $1.51 a year earlier.

Five analysts surveyed by Capital IQ expected $1.41.

Net sales for the quarter ended Sept. 27 were $436.7 million, up from $403.1 million a year earlier.

Five analysts polled by Capital IQ expected $416.4 million.

The company lowered its 2024 adjusted EPS guidance to $5.20 to $5.40 from the prior guidance range of $5.60 to $5.90.

Five analysts surveyed by Capital IQ expect $5.27.

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