Sales increased 36% in the quarter as compared to the quarter ended September 30, 2016, with Engineering Materials division sales expanding by 142%. Both operating divisions swung to positive gross margins from negative gross margins in the year-ago period.
IBC Advanced Alloys Corp. announces its fiscal third quarter 2017 results. Company reported higher sales as compared to the quarter ended December 31, 2016, and booked the highest revenue in the past four quarters. It completed the installation of new production furnaces in both operating divisions, a key component of its year-long capital improvements program, and is now ramping up production to clear existing order backlogs and produce for new orders it is receiving. The Company also narrowed its per-share losses in the quarter on both a sequential and year-on-year basis.
IBC Wins Bidding Process with Fortune 100 Electronics Manufacturer for an Expanded Number of Copper Alloy Products
Potential Value of Forecast Volumes over Next 12 Months is More Than USD $2 Million
IBC Advanced Alloys Corp. announces its financial results for fiscal second quarter of 2017. The Company reported higher sales and revenue, an improved gross margin, and a significant narrowing of its operating loss in the quarter ended December 31, 2016, all as compared to the prior-year period.
IBC Advanced Alloys Is Now An Approved Forging Supplier To A Second World-Class Shipbuilding Company: Newport News Shipbuilding
IBC Advanced Alloys Corp. announces that it is now an “Approved Forging Supplier” with Newport News Shipbuilding (“Newport News”), a division of Huntington Ingalls Industries. Newport News is the largest shipbuilding company in the U.S. and is the sole designer, builder, and re-fueler of U.S. Navy aircraft carriers and one of two providers of U.S. Navy submarines.