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IBC Advanced Alloys reports record financial performance in FY2024, with Copper Alloys division's annual sales up 19.3%.
IBC Advanced Alloys achieved record financial performance in fiscal year 2024, reporting profitability.
The Copper Alloys division generated $7 million in quarterly sales and $25.7 million for the year, reflecting year-over-year increases of 28.7% and 19.3%, respectively.
The company also saw improvements in operating income and working capital, while discontinuing its beryllium-aluminum division due to low demand.
Strong growth potential remains in the Copper Alloys segment.
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IBC Advanced Alloys reporta un desempeño financiero récord en el FY2024, con las ventas anuales de la división de Aleaciones de Cobre en un 19,3%.