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Stock impact report

Materion Corporation Reports First Quarter 2020 Financial Results

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 reported first quarter 2020 financial results and progress on key strategic initiatives.Net sales were $277.9 million; value-added sales were $158.7 millionNet loss of $0.15 per share, diluted; adjusted earnings of $0.43 per shareRecord first quarter cash level of $107.6 millionEntered into a business arrangement with a large, new customer for future product supplyAnnouncing intent to sell Large Area Coatings business to continue portfolio optimizationClosing two facilities to further reduce structural cost“We are well-positioned to manage the unprecedented market challenges and uncertainty due to the COVID-19 pandemic. Our number one priority continues to be the health and safety of our people, and we are taking all necessary precautions,” stated Jugal Vijayvargiya, President and Chief Executive Officer. “At the same time, we are continuing to operate all of our manufacturing facilities in support of Show less Read more
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