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Thursday July 25, 3:50 pm Eastern Time

Reuters Company News
Brush Engineered 2nd-quarter loss widens

CLEVELAND, July 25 (Reuters) - Chemical company Brush Engineered Materials Inc. (NYSE:BW - News) on Thursday posted a second-quarter loss, reversing a profit a year earlier, as telecommunications market weakness cut into demand for its beryllium products.

The Cleveland-based company reported a loss of $2.0 million, or 12 cents a share, compared with earnings of $1.3 million, or 8 cents a share, a year ago.

Brush, the producer of beryllium products used in the computer and electronics industries, said its sales declined 22 percent to $100.7 million from $128.5 million a year earlier.

The company said its third-quarter sales could dip by as much as 5 percent from the second-quarter due to slow demand from technology and telecommunications customers.

Shares were down about 2 percent, or 21 cents, to $9.64 in Thursday afternoon trade in New York Stock Exchange. Stock have shed about 72 percent from a year earlier.

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