Jason Industries, Inc. Announces Dividend on Preferred Stock, Payable on January 1, 2015
Dec 19 14
Jason Industries, Inc. announced that its Board of Directors has declared a quarterly cash dividend payment on the Company's 8.0% Series A Convertible Perpetual Preferred Stock. The dividend on the Series A Preferred Stock will be payable on January 1, 2015, to holders of record at the close of business on November 15, 2014. The quarterly payment will be $20.00 per share.
Jason Announces Sales Results for the Quarter Ended September 26, 2014
Dec 12 14
Jason announced sales results for the quarter ended September 26, 2014. The company reported net sales of $161.2 million for the quarter ended Sept. 26, an increase of 0.8% over the same quarter in 2013. Results were hurt by costs associated with the closing of a manufacturing plant in Ohio.
Jason Industries Mulls Acquisitions
Dec 5 14
Jason Industries, Inc. (NasdaqCM:JASN) is looking for acquisitions. Chief Executive Officer, David Westgate said that As a public company, Jason gains access to capital that will allow the company to aggressively target acquisitions.
Jason Industries, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 26, 2014; Reiterates Earnings Guidance for the Full Year 2014
Nov 6 14
Jason Industries, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 26, 2014. For the quarter, the company reported net sales of USD 161,168,000 against USD 159,867,000 a year ago. Operating loss was USD 8,183,000 against operating income of USD 20,737,000 a year ago. Loss before income taxes was USD 15,765,000 against income before income taxes of USD 22,564,000 a year ago. Net loss available to common shareholders was USD 9,045,000 against net income available to common shareholders of USD 13,397,000 a year ago. Basic and diluted net loss available to common shareholders was USD 0.41. Net cash used in operating activities was USD 6,979,000. Payments for property, plant and equipment was USD 6,598,000. Adjusted EBITDA was USD 13,089,000 against USD 18,302,000 a year ago. EBITDA was USD 2,421,000 against USD 32,732,000 a year ago. The decrease in adjusted EBITDA was primarily due to incremental labor and overhead costs related to inefficiencies associated with the acceleration of the planned closure of an Acoustics segment manufacturing facility and decreases in volumes of smart utility meters and higher steel costs in the Components segment, partially offset by improvements in pricing and increased volumes in the Finishing segment.
For the nine months, the company reported adjusted EBITDA of USD 58,977,000 against USD 62,797,000 a year ago.
The company is reiterating its full year fiscal 2014 outlook of net sales in the range of USD 690 million - USD 705 million and adjusted EBITDA in a range of USD 76 million - USD 80 million.
Jason Industries, Inc. to Report Q3, 2014 Results on Nov 06, 2014
Oct 17 14
Jason Industries, Inc. announced that they will report Q3, 2014 results Pre-Market on Nov 06, 2014