Uniroyal Global Engineered Products, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 1, 2018
May 07, 2018 at 04:20 pm EDT
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Uniroyal Global Engineered Products, Inc. reported unaudited consolidated earnings results for the first quarter ended April 1, 2018. For the quarter, the company reported, net sales of $26,429,687, operating income of $898,200, income before tax provision of $475,118, net income of $489,639, net loss available to common shareholders of $294,820 and basic and diluted loss per share of $0.02 compared to net sales of $25,758,429, operating income of $1,735,880, income before tax provision of $1,445,278, net income of $1,210,692, net income available to common shareholders of $470,776 a year ago and basic and diluted income per share of $0.03 a year ago. Net Income was $489,639 compared to $1,210,692 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.