Unique Fabricating, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 05:18 pm EST
Share
Unique Fabricating, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 29.91 million compared to USD 35.55 million a year ago. Net loss was USD 1.86 million compared to net income of USD 0.996 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to basic earnings per share from continuing operations of USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to diluted earnings per share from continuing operations of USD 0.1 a year ago.
For the nine months, sales was USD 95.6 million compared to USD 85.19 million a year ago. Net loss was USD 5.43 million compared to USD 5.63 million a year ago. Basic loss per share from continuing operations was USD 0.55 compared to USD 0.58 a year ago. Diluted loss per share from continuing operations was USD 0.55 compared to USD 0.58 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.