Cmc Materials (CCMP) Stock News, May 6, 2020

Cabot Microelectronics Corporation (CCMP) reported record revenue of $284.2 million for Q2 FY2020, marking a 7.1% increase year-over-year, driven by strong demand for CMP slurries and pipeline performance products. Net income reached $32.9 million, with adjusted diluted EPS at $1.75, reflecting a 12.9% increase from the previous year. However, the company expects third-quarter revenue to remain flat or decline slightly due to uncertainties related to the COVID-19 pandemic, leading to the withdrawal of full-year EBITDA guidance.