Materion Corp drops after SEC filing shows quality issue-related charges

Materion

23/01/2026 15:04

** Shares of alloys and chemicals maker Materion Corp MTRN.N fall 7.83% to $137.34

** In Q4, a large precision clad strip customer identified a quality issue with Materion-produced material used in its manufacturing process

** MTRN expects to record a charge of about $20 million to $25 million due to the quality issue

** Charge includes a quality claim, material scrap expenses and temporary plant idling costs - MTRN

** With restricted clad strip sales in Q4, co sees adjusted EPS of $1.50 to $1.55 for the quarter vs. analysts' estimates of $1.60 - data compiled by LSEG

** MTRN rose 25.73% in 2025

(Reporting by Megha Anilkumar Nair)

((MeghaAnilkumar.Nair@thomsonreuters.com;))