Uniroyal Global Engineered Products, Inc. Reports Earnings Results for the Second Quarter Ended July 4, 2021
August 17, 2021 at 04:10 pm EDT
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Uniroyal Global Engineered Products, Inc. announced earnings results for the second quarter ended July 4, 2021. For the second quarter, the company announced sales was USD 17.749 million compared to USD 7.216 million a year ago. Operating loss was USD 784,398 compared to USD 2.227 million a year ago. Net income was USD 196,039 compared to net loss of USD 265,189 a year ago. For the half year, sales was USD 39.645 million compared to USD 28.356 million a year ago. Operating loss was USD 352,258 compared to USD 1.341 million a year ago. Net income was USD 1.232 million compared to USD 15,085 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.