Materion Q3 2020 Earnings Report
Key Takeaways
Materion Corporation reported third quarter 2020 financial results, with net sales of $287.2 million. Net income was $0.32 per share, diluted, consistent with the second quarter; adjusted earnings were $0.55 per share, up 12% vs. the second quarter. The acquisition of Optics Balzers was completed, and integration activities are progressing as planned.
Net sales were $287.2 million compared to $271.5 million in the second quarter; value-added sales increased 4% sequentially to $167.5 million
Net income of $0.32 per share, diluted, consistent with the second quarter; adjusted earnings of $0.55 per share, up 12% vs. the second quarter
Transformative acquisition of Optics Balzers completed to create a global industry leader in optical thin film coating solutions; integration activities progressing as planned
Significant new customer opportunity for precision clad engineered strip product remains on schedule
Materion
Materion
Materion Revenue by Segment
Forward Guidance
Based on current demand levels and assuming our factories remain operational, we expect adjusted earnings per diluted share in the fourth quarter to be slightly better than the third quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income