🟢 Materion is trading 4.44% up in pre-market after raising full-year adjusted EPS outlook

Materion is trading 4.44% up at $195.57 in pre-market on November 5 after beating adjusted-EPS expectations and raising its full-year adjusted EPS outlook.

• The outlook is $7.10–$7.40, citing record orders and backlog; backlog increased about 35% year over year.
• Revenue missed analyst estimates, potentially offsetting the positive guidance and demand outlook.
• Shares closed at $187.26 on November 4 after a sharp prior-session decline; materials ETF XLB was up 1.58% pre-market.