Materion -8.7% after issuing Q3 warning but sees strong Q4

Materion (MTRN -8.7%) issues downside guidance for Q3, seeing EPS of ~$0.20 vs. $0.39 consensus estimate, and says shipments of certain high-margin beryllium-based defense and nuclear science as well as defense optics orders have been delayed.

MTRN also issues guidance for Q4, seeing EPS well ahead of Q3 and the strongest of the year, exceeding Q2's $0.43.

MTRN plans to take additional facility and product line rationalization actions during Q4, which will result in a charge of up to $0.15/share but should favorably impact 2014 performance by up to $0.30/share.

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