The 2020 Mid-Year Economic Update_long

Jason Industries Sales Down 0.4% in 2016

Fourth-quarter sales down 8.6 percent year-over-year.

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 2016 of $705.5 million, down 0.4 percent from 2015. The company reported a loss for the year of $66.9 million, compared with a loss of $74.5 million in the prior year.

Fourth quarter sales were $158.8 million, down 8.6 percent year-over-year. The company reported a loss for the quarter of $60.4 million, compared with loss of $70.4 million in the prior year quarter.

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