Materion sees FY24 adjusted EPS $5.60-$5.90, consensus $5.80

The company said, “While we have continued to win new business and drive operational improvements throughout the company, the outlook for semiconductor, automotive and industrial end-market demand has softened since our last earnings report. Despite the softer end-market outlook, we remain confident in our ability to execute and deliver another year of record results. With that, we are lowering the top end of our guide, revising our range to $5.60 to $5.90 for the full year 2024 adjusted earnings per share, an increase of 2% from prior year at the midpoint. “