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Brush Engineered Materials said it is expecting Q1 revenue to be 30 to 35% lower than that in Q4 2008. The Ohio-based specialty alloys company initially predicted revenue would fall by 15 to 25% from Q4. It also announced that it will cut its staff level by 15% in order to reduce costs. In a press release, Brush Engineered Materials said that it still experiences very weak demand for its products due to the global downturn and the market visibility is very low. Medical and defense-related products are in exceptions to this trend. It suggested from recent activity, the level of business may have bottomed but it is not certain of the case.

Ohio-based supplier of specialty copper alloy products Brush Engineered Materials Inc. reported second quarter results. Q2 2009 sales were US$174.1 million, 29% lower than the same period a year ago but an improvement of 29% from the first quarter this year. Net loss was US$0.8 million versus net income of US$7.2 million in Q2 2008. The Specialty Engineered Alloys segment reported Q2 sales of US$41.2 million, compared to sales of US$83.0 million the same period in 2008. Operating loss for Q2 was US$9.3 million compared to an operating profit of US$4.8 million a year ago. The decline in segment sales was primarily due to the effect of the severe global recession in key markets including telecommunications, computer, automotive electronics, oil and gas, aerospace and heavy equipment. A portion of the decline was due to lower metal prices. The company is foreseeing an improving order book and is expecting to generate a slight profit in Q3 this year with higher sales volume and positive impact from its cost-reduction activities.