Posted August 2, 2018

Jason Industries reports loss

Jason Industries reported second-quarter net sales of $168.4 million decreased 2.3 percent.

The results included a negative 3.5 percent impact from the divestiture and planned exit of non-core businesses and a positive 1.5 percent from foreign currency translation.

A net loss of $0.6 million, or 5 cents per share, compared to a net loss of $4.7 million, or 22 cents, in last year's second quarter.

The Finishing segment net sales of $55.5 million increased 11.4 percent. 

“Finishing organic growth of 7.0 percent exceeded our expectations and demonstrates the traction we are gaining through our targeted commercial activities,” said Brian Kobylinski, chief executive officer of Jason.