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Stock impact report

Materion Corporation Provides an Update on 2020 Financial Guidance

Materion Corporation (MTRN) 
Last materion corporation earnings: 4/23 07:53 am Check Earnings Report
US:NYSE Investor Relations: investor.materion.com/investor-relations
Company Research Source: Business Wire
MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation (NYSE:MTRN) today announced an update to previous financial guidance provided for the first quarter 2020.Due to the unprecedented magnitude, duration, and uncertainty of the novel coronavirus (COVID-19) on global markets, we expect first quarter 2020 value-added sales to be approximately $12 to $15 million lower than levels assumed in our previously issued earnings guidance. Furthermore, we will update full year earnings guidance during the first quarter earnings call.“Materion is focused on ensuring the health and safety of our employees and those in the community which we operate, while at the same time providing our customers with exceptional products and services,” commented Jugal Vijayvargiya, President and Chief Executive Officer. “Although the extent and duration of the COVID-19 impact is unknown at the present time, we remain confident in our financial strength and long-term ability to continue executing our One Show less Read more
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