Neo Performance Materials Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 170.43 million compared to USD 168.22 million a year ago. Net income was USD 0.31 million compared to USD 14.61 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.36 a year ago.
For the six months, sales was USD 305.96 million compared to USD 334.5 million a year ago. Net loss was USD 10.14 million compared to net income of USD 36.96 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.91 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to diluted earnings per share from continuing operations of USD 0.9 a year ago.