Unique Fabricating, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 05:13 pm EDT
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Unique Fabricating, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 35.03 million compared to USD 30.9 million a year ago. Net loss was USD 10.71 million compared to USD 2.51 million a year ago. Basic loss per share from continuing operations was USD 0.91 compared to USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.91 compared to USD 0.26 a year ago.
For the six months, sales was USD 70.34 million compared to USD 65.69 million a year ago. Net loss was USD 11.28 million compared to USD 3.58 million a year ago. Basic loss per share from continuing operations was USD 0.96 compared to USD 0.37 a year ago. Diluted loss per share from continuing operations was USD 0.96 compared to USD 0.37 a year ago.
Unique Fabricating, Inc. engineers and manufactures components for customers in the transportation, appliance, medical, and consumer / off-road markets. The Companyâs solutions are comprised of multi-material foam, rubber, and plastic components and are utilized in noise, vibration and harshness (NVH) management, acoustical management, water and air sealing, decorative and other functional applications. The Company leverages manufacturing processes, including die cutting, thermoforming, compression molding, fusion molding, and reaction injection molding to manufacture a wide range of products including air management products, heating ventilating and air conditioning (HVAC), seals, engine covers, fender stuffers, air ducts, acoustical insulation, door water shields, gas tank pads, light gaskets, topper pads, mirror gaskets, glove box liners, personal protection equipment, and packaging. It serves the North American transportation market, which includes automotive and heavy-duty trucks.