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Jason Industries Inc., Milwaukee, Wisconsin, (Nasdaq:JASN, JASNW), parent company to a global family of manufacturers in the seating, finishing, automotive acoustics and components markets, reported sales for the third quarter of $85.6 million, down 20% year-over-year. The company reported a loss for the quarter of $30 million, compared with a loss of $4.2 million in the prior-year quarter.
Organic sales declined 17.3% primarily due to overall weaker end-market demand in both Engineered Components and Industrial.