Brief: Materion Corp reports Q1 Loss Per Share $0.15

Materion

23/04/2020 13:12

April 23 (Reuters) - Materion Corp  MTRN.N :
    * ORATION REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS
    * Q1 ADJUSTED EARNINGS PER SHARE $0.43
    * Q1 LOSS PER SHARE $0.15
    * Q1 SALES $277.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$263.5
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $0.44 -- REFINITIV IBES
DATA
    * SAYS ANNOUNCING INTENT TO SELL LARGE AREA COATINGS
BUSINESS TO
CONTINUE PORTFOLIO OPTIMIZATION
    * SAYS CLOSING TWO FACILITIES TO FURTHER REDUCE STRUCTURAL
COST
    * EXPECT Q2 FINANCIAL PERFORMANCE TO BE COMPARABLE OR
SLIGHTLY
BETTER THAN Q1
    * NOT PROVIDING FULL-YEAR EARNINGS GUIDANCE
    * HAS RECEIVED A SIGNIFICANT ORDER FROM A NEW CUSTOMER FOR
MANUFACTURING OF PRECISION CLAD ENGINEERED STRIP PRODUCTS

Source text for Eikon:  ID:nBw91DSGDa 
Further company coverage:  MTRN.N 

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