Jason Industries Reports Third Quarter 2019 Results; Announces Additional Facility Consolidations
JASON INDUSTRIES (JASN)
Last jason industries earnings: 5/2 08:00 am
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Source: Business Wire
MILWAUKEE--(BUSINESS WIRE)--Jason Industries, Inc. (NASDAQ: JASN) (“Jason” or the “Company”) today reported its results for third quarter 2019.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191108005109/en/Third Quarter Financial ResultsKey financial results for the third quarter 2019 versus the year ago period include:Continuing OperationsNet sales of $85.6 million decreased $21.4 million or 20.0 percent, and included a negative 5.4 percent impact from the planned exit of non-core businesses, a positive 4.1 percent impact from the acquisition of a business and a negative 1.4 percent from foreign currency translation. Organic sales declined 17.3 percent primarily due to overall weaker end-market demand in both Engineered Components and Industrial.Net loss of $30.0 million, or $1.08 diluted loss per share, increased $25.8 million and $0.90 per share, and includes a non-cash intangible asset impairment charge of $20.6 mil
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