Jason Industries Reports First Quarter 2019 Results
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Jason Industries (JASN) Misses Q1 EPS by 6c, Revenues Miss; Offers FY19 Revenue Outlook
May 2, 2019 8:17 AM EDTJason Industries (NASDAQ: JASN) reported Q1 EPS of ($0.10), $0.06 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $142 million versus the consensus estimate of $153.4 million.
Key financial results for the first quarter 2019 versus the year ago period include:
Net sales of $142.0 million decreased 15.1 percent and included a negative 3.4 percent impact from the divestiture and planned exit of non-core businesses and a negative 1.7 percent from foreign currency translation. Organic sales declined 10.0 percent primarily due to lower overall production volumes, with... More