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Jason Industries Inc., Milwaukee, WI, (Nasdaq:JASN) (Nasdaq:JASNW), parent company to a global family of manufacturers in the seating, finishing, automotive acoustics and components markets, reported sales for the second quarter of $172.5 million, down 7.1 percent year-over-year. The company reported a loss for the quarter of $4.4 million, compared with a loss of $2.9 million in the prior-year quarter.
Year-to-date sales were $347.7 million, down 7.7 percent year-over-year. The company reported a loss of $5.7 million, compared with loss of $6.3 million in the prior-year quarter.
“While revenues decreased with lower volumes in certain end markets, margins improved in three of our four businesses with better operational performance. We increased our liquidity and made progress in lowering our leverage by improving operating income, generating cash and retiring debt,” said Brian Kobylinski, CEO of Jason. “We also continue to gain traction with our targeted growth initiatives.”