NetComposites

Connecting you to the composites industry

Advertisement

JPS Industries Reports Significantly Improved Net Income for Second Quarter

  • Tuesday, 30th May 2000
  • 0 comments
  • Reading time: less than a minute

JPS Industries, Inc. announced results for the second quarter ended April 29, 2000. Net income rose to $1.6 million, compared with a net loss of $26.3 million in the second quarter of fiscal 1999. Commenting on the results, JPS Chairman, President and Chief Executive Officer Michael L. Fulbright said, “We are very pleased with these results and gratified to deliver solid improvement for the third consecutive quarter. While each of our three divisions remain in highly competitive and challenging markets, their performance through six months give us confidence that we will continue to deliver against our plan and show improving quarterly results over the remaining two quarters of fiscal 2000.” JPS Industries, Inc. is a major U.S. manufacturer of extruded urethanes, polypropylenes and mechanically formed glass substrates for specialty industrial applications, and apparel fabrics. JPS specialty industrial products are used in a wide range of applications, including: commercial and institutional roofing; reservoir and landfill liners and covers; printed circuit boards; advanced composite materials; tarpaulins; awnings; tile backings; security glazing; athletic shoes; and medical, automotive and industrial components.


For more information visit:


Share this article


More News


Comments (0)

Sign in or create an account to join in the discussion.

Leave your comment

Advertisement

Upcoming Events

Advertisement

Advertisement

Advertisement

Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.