R. STAHL AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 28, 2022 at 03:25 am EDT
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R. STAHL AG reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 74.92 million compared to EUR 63.31 million a year ago. Revenue was EUR 75.96 million compared to EUR 63.35 million a year ago. Net income was EUR 5.2 million compared to net loss of EUR 0.086 million a year ago. Basic earnings per share from continuing operations was EUR 0.8 compared to basic loss per share from continuing operations of EUR 0.01 a year ago.
For the nine months, sales was EUR 206.26 million compared to EUR 188.62 million a year ago. Revenue was EUR 209.83 million compared to EUR 187.86 million a year ago. Net loss was EUR 1.07 million compared to EUR 3.79 million a year ago. Basic loss per share from continuing operations was EUR 0.17 compared to EUR 0.59 a year ago.
R Stahl AG is a Germany-based technology company. It offers a range of products and systems for explosion protection, such as explosion protected switches, pushbuttons and light fittings. Its product portfolio comprises lighting solutions, installation equipment, control stations and control devices, installation equipment and accessories, signaling devices, load discount switches and motor starters, components for system solutions, applications for low voltage systems, isolators, safety batteries, operating and monitoring systems, components for heating systems, camera and surveillance systems, wireless solutions, marine solutions, and software solution Product Environmental Compliance (PEC). It serves customers from the gas and oil industry and the chemical and pharmaceuticals industry, as well as for sewage treatment plants, water conditioning plants and distilleries.