Jason Industries Inc., Milwaukee, Wisconsin, (Nasdaq:JASN, JASNW), parent company to a global family of manufacturers in the seating, finishing, automotive acoustics and components markets, reported sales for the first quarter of $142 million, down 15.1% year-over-year. The company reported a loss for the quarter of $5.3 million, compared with a loss of $0.8 million in the prior-year quarter.
Organic sales declined 10% primarily due to lower overall production volumes, with platform changes in Fiber Solutions, softer end market demand in Engineered Components and weak European markets in Industrial.
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Sales were down nearly 5% in constant currencies.
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Profit was $16.7 million, compared to $6.7 million in the first quarter of 2019.
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Supply Technologies net sales declined 15% year-over-year and totaled $141 million compared to $165 million…
