Ionics, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 06:29 pm EST
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Ionics, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 16.010 million compared to USD 14.764 million a year ago. Net income was USD 1.135 million compared to USD 1.171 million a year ago. Basic earnings per share was USD 0.0014 compared to USD 0.0009 a year ago. For the nine months, total revenue was USD 45.738 million compared to USD 43.528 million a year ago. Net income was USD 3.069 million compared to USD 3.251 million a year ago. Basic earnings per share was USD 0.0037 compared to USD 0.0039 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. 
