Uniroyal Global Engineered Products, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 05, 2019 at 05:01 pm EDT
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Uniroyal Global Engineered Products, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was USD 24.095 million compared to USD 26.023 million a year ago. Operating income was USD 1.131 million compared to USD 1.474 million a year ago. Net income was USD 363,047 compared to USD 924,493 a year ago. Basic loss per share was USD 0.02 compared to basic earnings per share of USD 0.01 a year ago. For the half year, sales was USD 49.489 million compared to USD 52.452 million a year ago. Operating income was USD 2.012 million compared to USD 2.373 million a year ago. Net income was USD 996,149 compared to USD 1.414 million a year ago. Basic loss per share was USD 0.03 compared to USD 0.01 a year ago.
Uniroyal Global Engineered Products, Inc. is focused on manufacturing and selling vinyl coated fabric products. Its brand names include Naugahyde, BeautyGard, Flame Blocker, Spirit Millennium, Ambla, Amblon, Velbex, Cirroflex, Plastolene, and Vynide. The Company's products are used in various applications, such as automotive and non-automotive transportation, certain indoor/outdoor furniture, commercial and hospitality seating, healthcare facilities, and athletic equipment. In the automotive industry, its products are used primarily in seating, door panels, head and arm rests, security shades, and trim components, including instrument panels, door casings, seating, gear lever and steering column gaiters, headliners, and load space covers. Non-automotive applications include outdoor seating for utility and sports vehicles, sheeting used in medical and toxic hazard protection, personal protection, moisture barriers, stroller and nursery equipment, and decorative surface applications.
UNIROYAL GLOBAL ENGINEERED PRODUCTS, INC. 