Viskase Companies, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 03:02 pm EST
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Viskase Companies, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 104.966 million compared to USD 98.394 million a year ago. Operating income was USD 7.506 million compared to USD 1.778 million a year ago. Net income was USD 3.502 million compared to net loss of USD 12.538 million a year ago. For the nine months, sales was USD 306.596 million compared to USD 290.270 million a year ago. Operating income was USD 24.832 million compared to USD 6.784 million a year ago. Net income was USD 2.554 million compared to net loss of USD 16.011 million a year ago.
Viskase Companies, Inc. is a producer of non-edible cellulosic, fibrous and plastic casings, which is used to prepare, and package processed meat products. The Company provides value-added support services relating to these products for consumer products companies. The Companyâs products include cellulose casings, plastic casings, fibrous casings, netting and fabric, transfer casings, and applied technologies. Cellulose Casings are designed for automated production of tubular sausages, such as hot dogs, cooked sausages, dry salamis, pepperoni, mortadella. Plastic casings are casings for processed meat and poultry applications. Fibrous casings can be used for a range of applications, including pepperoni, salami, luncheon meats, boneless hams and other deli-style processed meats. The Company operates approximately 10 manufacturing facilities in North America, Europe, South America, and Asia. The Company sells its products in approximately 100 countries throughout the world.
VISKASE COMPANIES, INC. 
