Exhibit 11

MATERION CORPORATION AND SUBSIDIARIES

COMPUTATION OF PER SHARE EARNINGS

	Second Quarter Ended				Six Months Ended
	June 29		July 1,		June 29		July 1,
	2012		2011		2012		2011
Basic:
Average shares outstanding		20,430,000		20,421,000		20,400,000		20,388,000
Net income	$	7,929,000	$	13,872,000	$	14,047,000	$	25,690,000
Per share amount	$	0.39	$	0.68	$	0.69	$	1.26
Diluted:
Average shares outstanding		20,430,000		20,421,000		20,400,000		20,388,000
Dilutive stock securities based on the treasury stock method using average market price		236,000		411,000		287,000		424,000
Totals		20,666,000		20,832,000		20,687,000		20,812,000
Net income	$	7,929,000	$	13,872,000	$	14,047,000	$	25,690,000
Per share amount	$	0.38	$	0.67	$	0.68	$	1.23