ATRM Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Sales Guidance for the Second Half of 2016
For the six months, the company's net sales were $10,952,000 against $13,601,000 a year ago. Loss from continuing operations before income taxes was $2,797,000 against income before tax of $867,000 a year ago. Net loss was $2,802,000 or $1.27 per diluted share against net income of $865,000 or $0.72 per basic and diluted share a year ago. Operating loss was $2,075,000 against $2,031,000 a year ago.
For the second half of 2016, the company expects commercial sales will increase during the remainder of fiscal year 2016.