Posted October 30, 2018

Jason reports 6.5 percent gain in 3Q

Jason Industries reported third-quarter net sales of $145.3 million decreased 6.5 percent compared to last year's third quarter.

A net loss of $5.5 million, or 23 cents diluted loss per share, compared to a loss of $1.6 million and 13 per share, in the same period last year.

Finishing segment net sales were $51.0 million with organic sales increasing 1.2 percent. Targeted growth initiatives and strong industrial markets in the U.S. were partially offset by moderating European industrial markets, the company said.