Jason Industries (JASN) Tops Q2 EPS by 4c, Revenues Beat; Offers FY18 Revenue Outlook
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Jason Industries Reports Second Quarter 2018 Results
August 2, 2018 8:00 AM EDTSixth Consecutive Quarter of Adjusted EBITDA Margin ExpansionAnnounces Seating Plant ConsolidationReaffirms Full Year Guidance
MILWAUKEE, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Jason Industries, Inc. (NASDAQ: JASN, JASNW) (Jason or the Company) today reported results for second quarter 2018.
Key financial results for the second quarter 2018 versus the year ago period include:
Net sales of $168.4 million decreased 2.3 percent and 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.Operating income of $6.8 million, or 4.0 percent of net sales,... More