Ionics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 07:14 am IST
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Ionics, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 14.72 million compared to USD 16.63 million a year ago. Revenue was USD 14.72 million compared to USD 16.63 million a year ago. Net income was USD 0.774 million compared to USD 1.15 million a year ago. Basic earnings per share from continuing operations was USD 0.0009 compared to USD 0.0014 a year ago.
For the nine months, sales was USD 47.87 million compared to USD 38.29 million a year ago. Revenue was USD 47.87 million compared to USD 38.29 million a year ago. Net income was USD 1.99 million compared to USD 0.038 million a year ago. Basic earnings per share from continuing operations was USD 0.0024.
Ionics, Inc. is a Philippines-based holding company. The Company, through its subsidiaries, is engaged in product design and electronics manufacturing, precision-engineered plastic injection molding, core-technology venture capital investment, property holdings and management. The Companyâs subsidiaries include Ionics EMS, Inc., Ionics Properties, Inc. (IPI), Ionics Circuits, Limited (ICL) and Iomni Precision, Inc. (Iomni). Ionics EMS, Inc. offers a range of services, including original design manufacturing, engineering, supply chain management and reverse logistics in the fields of computer and peripherals, telecommunications, automotive, consumer, medical and industrial. IPI owns and manages land and buildings and other structures for the Company. ICL is engaged in venture capital investment in core technologies globally for glimpses of future techscapes. Iomni is involved in molds engineered plastic products and parts through injection with high degrees of complexity and precision.
IONICS, INC. 