Ionics, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 12:00 am
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Ionics, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 17.77 million compared to USD 18.09 million a year ago. Revenue was USD 17.77 million compared to USD 18.09 million a year ago. Net income was USD 1.11 million compared to USD 0.811 million a year ago. Basic earnings per share from continuing operations was USD 0.0013 compared to USD 0.001 a year ago.
For the six months, sales was USD 32.12 million compared to USD 33.14 million a year ago. Revenue was USD 32.12 million compared to USD 33.14 million a year ago. Net income was USD 1.84 million compared to USD 1.21 million a year ago. Basic earnings per share from continuing operations was USD 0.0022 compared to USD 0.0015 a year ago.
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.