Expects Q2 to be slightly better than Q1, including a 10c-15c EPS headwind relating to the current China tariffs which have customers electing to freeze orders as they await further clarity. Looking out to the second half of the year, if these conditions persist, could expect an additional impact of 40c-50c EPS. Materion (MTRN) stated they are currently taking measures to adjust supply chains where possible while reducing costs and pacing investments to minimize the impact on results.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTRN: