ATRM Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and first nine months ended September 30, 2016. For the quarter, the company announced net sales of $6,923,000 compared to $6,426,000 for the same period a year ago. Operating loss was $2,120,000 compared to $2,020,000 for the same period a year ago. Loss from operations before income taxes was $2,490,000 compared to $2,400,000 for the same period a year ago. Net loss was $2,492,000 compared to $2,402,000 for the same period a year ago. Loss per share, basic and diluted was $1.10 compared to $1.80 for the same period a year ago. Adjusted EBITDA was $243,000 compared to $1,875,000 for the same period a year ago. The $1.7 million improvement in adjusted EBITDA is attributable to the company's successful implementation of its strategic initiatives and restructuring plan for KBS, including management changes, cost control measures, efficiency improvements and more judicious selection of commercial projects to pursue.

For the first nine months, the company announced net sales of $17,875,000 compared to $20,027,000 for the same period a year ago. Operating loss was $4,195,000 compared to $4,051,000 for the same period a year ago. Loss from operations before income taxes was $5,287,000 compared to $1,533,000 for the same period a year ago. Net loss was $5,294,000 compared to $1,537,000 for the same period a year ago. Loss per share, basic and diluted was $2.37 compared to $1.24 for the same period a year ago. Adjusted EBITDA was $1,944,000 compared to $3,508,000 for the same period a year ago.

For the third quarter ended September 30, 2016, the company announced goodwill impairment charge of $1,733,000.