09:18 AM EDT, 10/30/2024 (MT Newswires) -- Materion ( MTRN ) reported Q3 adjusted earnings Wednesday of $1.41 per diluted share, down from $1.51 a year earlier.

Five analysts surveyed by Capital IQ expected $1.41.

Net sales for the quarter ended Sept. 27 were $436.7 million, up from $403.1 million a year earlier.

Five analysts polled by Capital IQ expected $416.4 million.

The company lowered its 2024 adjusted EPS guidance to $5.20 to $5.40 from the prior guidance range of $5.60 to $5.90.

Five analysts surveyed by Capital IQ expect $5.27.