Materion reports Q2 non-GAAP EPS of $1.90, beating estimates, with revenue up 42.2% year-over-year to $613.9M.
Materion posted Q2 non-GAAP earnings per share of $1.90, exceeding expectations by $0.38, as revenue surged 42.2% year-over-year to $613.9M. The company outperformed revenue estimates by $64.08M.
The results reflect stronger demand and order momentum, with the company raising its full-year outlook. Prior-year Q2 revenue was significantly lower, and consensus had anticipated softer growth.
Materion now expects mid-teens revenue growth for the year and adjusted EPS of $6.80-$7.20, above the $6.45 consensus estimate. The company anticipates record full-year performance driven by a robust backlog.