Bulten AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 11, 2024 at 03:47 am IST
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Bulten AB (publ) reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was SEK 1,466 million compared to SEK 1,416 million a year ago. Net income was SEK 34 million compared to SEK 38 million a year ago. Basic earnings per share from continuing operations was SEK 1.64 compared to SEK 1.82 a year ago. Diluted earnings per share from continuing operations was SEK 1.64 compared to SEK 1.82 a year ago.
For the six months, sales was SEK 2,999 million compared to SEK 2,803 million a year ago. Net income was SEK 102 million compared to SEK 113 million a year ago. Basic earnings per share from continuing operations was SEK 4.86 compared to SEK 5.38 a year ago. Diluted earnings per share from continuing operations was SEK 4.86 compared to SEK 5.38 a year ago.
Bulten AB, formerly FinnvedenBulten AB, is a Sweden-based company engaged in the provision of products, technical solutions and systems in metallic materials, primarily to the automotive industry. On June 30, 2014, the Company completed the divestment of its Finnveden Metal Structures (FMS) division to Shiloh Industries Inc. Its other business area, Bulten, offers fasteners to the European automotive market. It develops, manufactures and markets a range of metallic fasteners and related services. Its production processes include stamping, die casting and joining.