Jason Industries Reports Fourth Quarter and Full-Year 2017 Results
JASON INDUSTRIES (JASN)
Last jason industries earnings: 5/2 08:00 am
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Source: GlobeNewswire
Adjusted EBITDA, Free Cash Flow, and Net Debt to Adjusted EBITDA Exceeded Full Year Guidance Full Year Margin Improved 130 Basis Points MILWAUKEE, March 01, 2018 (GLOBE NEWSWIRE) -- Jason Industries, Inc. (NASDAQ:JASN) (NASDAQ:JASNW) (“Jason” or “the Company”) today reported results for both fourth quarter and full-year 2017. Key financial results for the fourth quarter 2017 versus the year ago period include: Net sales of $145.5 million decreased 8.3 percent and included a negative 5.6 percent impact from the divestiture and planned exit of non-core businesses in the margin expansion program and a positive 1.6 percent from foreign currency translation.Operating income of $1.4 million, or 1.0 percent of net sales, increased $68.9 million on improved operational results, lower restructuring costs and $63.3 million of pre-tax impairment charges in the acoustics and components segments in 2016. Net income of $2.4 million, or $0.05 diluted income per share, increased $72.3 million
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