Ionics, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 09:23 pm EDT
Share
Ionics, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 24.51 million compared to USD 14.35 million a year ago. Revenue was USD 24.51 million compared to USD 14.35 million a year ago.
Net income was USD 1.39 million compared to USD 0.768 million a year ago. Basic earnings per share from continuing operations was USD 0.0017 compared to USD 0.0009 a year ago.
Ionics, Inc. is a Philippines-based holding company. The Company, through its subsidiaries, is engaged in product design and electronics manufacturing, precision-engineered plastic injection molding, core-technology venture capital investment, property holdings and management. The Companyâs subsidiaries include Ionics EMS, Inc., Ionics Properties, Inc. (IPI), Ionics Circuits, Limited (ICL) and Iomni Precision, Inc. (Iomni). Ionics EMS, Inc. offers a range of services, including original design manufacturing, engineering, supply chain management and reverse logistics in the fields of computer and peripherals, telecommunications, automotive, consumer, medical and industrial. IPI owns and manages land and buildings and other structures for the Company. ICL is engaged in venture capital investment in core technologies globally for glimpses of future techscapes. Iomni is involved in molds engineered plastic products and parts through injection with high degrees of complexity and precision.
IONICS, INC. 
