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Last $6.90 USD
Change Today -0.08 / -1.15%
Volume 14.4K
JASN On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

jason industries inc (JASN) Key Developments

Jason Industries, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 27, 2015; Revised Earnings Guidance for the Full Year of 2015

Jason Industries, Inc. reported unaudited consolidated earnings results for the first quarter ended March 27, 2015. For the quarter, net sales were $175,836,000 against $186,536,000 a year ago. Operating income was $5,548,000 against $11,821,000 a year ago. Loss before income taxes was $1,641,000 against income before income taxes of $12,227,000 a year ago. Net loss attributable to the company was $743,000 against net income attributable to the company of $7,735,000 a year ago. Basic and diluted net loss per share available to common shareholders of the company was $0.07 against basic and diluted net income per share available to common shareholders of the company $7,735 a year ago. Net cash provided by operating activities was $3,212,000 against net cash used in operating activities of $15,932,000 a year ago. Payments for property, plant and equipment was $7,235,000 against $4,430,000 a year ago. Adjusted EBITDA was $21,003,000 against $22,128,000 a year ago. The Adjusted EBITDA overall decline of $1.1 million was due primarily to foreign currency translation. Adjusted net income was $2.0 million, or 1.2% of net sales, compared with $7.7 million, or 4.1% of net sales. For the full year of 2015, the company now expects net sales in the range of $685 to $700 million and Adjusted EBITDA in the range of $84 to $88 million. On a constant currency basis, the company expected revenue growth would be in the range of 2% to 4%. Prior guidance was net sales in the range of $710 million to $725 million and adjusted EBITDA in the range of $84 million to $90 million.

Jason Industries Seeks Acquisitions

Jason Industries, Inc. (NasdaqCM:JASN) is seeking acquisitions. "We remain focused on growing organically and through strategic acquisitions, while continuing to improve our operational performance," said David Westgate, Chief Executive Officer.

Jason Industries, Inc. to Report Q1, 2015 Results on May 05, 2015

Jason Industries, Inc. announced that they will report Q1, 2015 results Pre-Market on May 05, 2015

Jason Industries, Inc., Q1 2015 Earnings Call, May 05, 2015

Jason Industries, Inc., Q1 2015 Earnings Call, May 05, 2015

Jason Industries, Inc. Announces Executive Changes

Jason Industries, Inc. announced that Sarah C. Sutton will be appointed chief financial officer. Sarah will report to Jason chief executive officer, David C. Westgate. Ms. Sutton, has served as vice president, financial planning and analysis at Regal Beloit Corporation. She previously served as chief financial officer of A.O. Smith Corporation's Electrical Products Company, from 2002 until EPC was acquired by Regal Beloit in 2011. A certified public accountant, Ms. Sutton began her career at KPMG LLP. Stephen L. Cripe, currently Jason's chief financial officer, is retiring from the company by mutual agreement but will remain onboard through May 31, 2015 to ensure a smooth transition.

 

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