Exhibit 11

MATERION CORPORATION AND SUBSIDIARIES

COMPUTATION OF PER SHARE EARNINGS

	First Quarter Ended
	March 30 2012		Apr 1 2011
Basic:
Average shares outstanding		20,370,000		20,356,000
Net Income	$	6,118,000	$	11,818,000
Per share amount	$	0.30	$	0.58
Diluted:
Average shares outstanding		20,370,000		20,356,000
Dilutive stock securities based on the treasury stock method using average market price		337,000		440,000
Totals		20,707,000		20,796,000
Net Income	$	6,118,000	$	11,818,000
Per share amount	$	0.30	$	0.57