Edition:
United Kingdom

Jason Industries Posts Q2 Loss Per Share Of $0.49


Monday, 12 Aug 2019 

Aug 12 (Reuters) - Jason Industries Inc ::JASON INDUSTRIES ANNOUNCES DEFINITIVE AGREEMENT TO SELL FIBER SOLUTIONS SEGMENT; EXPLORING STRATEGIC ALTERNATIVES, INCLUDING A POTENTIAL SALE OF THE COMPANY; REPORTS SECOND QUARTER 2019 RESULTS.Q2 SALES FELL 17.9 PERCENT TO $138.3 MILLION.DEAL FOR $85 MILLION.HAS ENGAGED BMO CAPITAL MARKETS CORP. TO EXPLORE STRATEGIC ALTERNATIVES, INCLUDING A POTENTIAL SALE OF COMPANY.SUSPENDING GUIDANCE FOR YEAR AND WILL NOT BE UPDATING IT AS YEAR PROGRESSES.JASON INDUSTRIES - SIGNED AGREEMENT TO SELL ITS FIBER SOLUTIONS SEGMENT TO MOTUS INTEGRATED TECHNOLOGIES.QTRLY LOSS PER SHARE $0.49. 

Company Quote

0.49
-5.55112E-17 -0.00%
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