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.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
