Uniroyal Global Engineered Products, Inc. Reports Earnings Results for the Second Quarter Ended July 5, 2020
August 14, 2020 at 09:05 pm
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Uniroyal Global Engineered Products, Inc. announced earnings results for the second quarter ended July 5, 2020. For the second quarter, the company announced sales was USD 7.216 million compared to USD 24.095 million a year ago. Operating loss was USD 2.227 million compared to operating Income of USD 1.131 million a year ago. Net loss was USD 265,189 compared to net income of USD 363,047 a year ago. Basic loss per share from continuing operations was USD 0.28 compared to USD 0.11 a year ago. For the half year, sales was USD 28.356 million compared to USD 49.489 million a year ago. Operating loss was USD 1.341 million compared to operating Income of USD 2.012 million a year ago. Net income was USD 15,085 compared to USD 996,149 a year ago. Basic loss per share from continuing operations was USD 0.42 compared to USD 0.15 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.
UNIROYAL GLOBAL ENGINEERED PRODUCTS, INC. 
