Homasote Co. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Homasote Co. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $4,726,368, compared to $4,881,394 for 2013, a decrease of $155,026. Net loss was $68,940 or $0.19 per share compared to net income of $108,635, or $0.31 per share, for the year earlier period.
For the nine months, the company reported net sales of $15,198,095, compared to $15,480,898 for 2013, a decrease of $282,803. Net income was $152,791, or $0.43 per share against net income of $290,019, or $0.82 per share, in 2013.