Ionics, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 07:44 pm EST
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Ionics, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 16.632 million compared to USD 16.010 million a year ago. Net income was USD 1.153 million compared to USD 1.132 million a year ago. Basic earnings per share from continuing operations was USD 0.0014 compared to USD 0.0014 a year ago. Diluted earnings per share from continuing operations was USD 0.001 compared to USD 0.001 a year ago. For the nine months, total revenue was USD 38.286 million compared to USD 45.738 million a year ago. Net income was USD 38,000 compared to USD 3.054 million a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.0037 a year ago. Diluted eps - continuing operations was USD 0 compared to USD 0.004 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. 
