SCI Engineered Materials reported a revenue decline to $17.8 million for the nine months ending September 30, 2024.

SCI Engineered Materials, Inc. reported a decline in revenue for the nine months ending September 30, 2024, totaling $17.8 million, down from $21 million in 2023. Third-quarter revenue fell to $3.9 million, influenced by lower raw material costs. Despite these challenges, the company maintained stable order volumes and a strong financial position, with $7.6 million in cash and no debt. Net income for the period was $1.4 million, or $0.31 per diluted share.

November 01, 2024
4 Articles