SCI Engineered Materials, Inc. Reports 2024 First Quarter Results [Yahoo! Finance]
SCI ENGINEERED MTRLS INC (SCIA)
NASDAQ:AMEX Investor Relations:
sciengineeredmaterials.com
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Source: Yahoo! Finance
SCI is a global supplier and manufacturer of advanced materials for physical vapor deposition thin film applications who works closely with end users and OEMs to develop innovative, customized solutions. Jeremy Young, President, and Chief Executive Officer stated "We are pleased with the Company's record 2024 first quarter revenue. SCI continues to gain traction in multiple niche markets of the global photonics industry. During the first quarter of 2024 we purchased additional manufacturing equipment to meet growing demand for our products. SCI is solidly positioned to continue improving long-term performance through its innovative product portfolio and increased marketing and sales initiatives." Revenue Revenue was a record $8,403,095 for the first three months of 2024 compared to $5,797,147 for the same period last year. Higher volume coupled with increased raw material costs were key factors that contributed to the 45% increase. Order backlog was $4.4 million on March 31, 2
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Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form DEFA14A
- 5/2/24 - Form DEF
- SCIA's page on the SEC website