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Jun 26, 2020
Materion Q2 2020 Earnings Report
Materion's second quarter results reflected sequential growth in value-added sales and earnings amid the COVID-19 pandemic.
Key Takeaways
Materion Corporation reported second quarter 2020 financial results with net sales of $271.5 million. Net income was $0.32 per share, diluted, and adjusted earnings were $0.49 per share, up 14% vs. the first quarter. The company also closed the Optics Balzers acquisition.
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.
Optics Balzers acquisition was completed, creating a global industry leader in optical thin film coating solutions.
Revenue by Segment
Forward Guidance
Based on current demand levels and assuming factories remain operational, adjusted earnings in the third quarter are expected to be comparable to slightly better than the second quarter. Full-year earnings guidance is not provided due to significant levels of uncertainty regarding future demand in end markets due to the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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