Brief: ABC Technologies Holdings Reports Quarterly Loss Per Share Of $0.02

ABC Technologies Holdings

12/05/2023 13:52

May 12 (Reuters) - ABC Technologies Holdings Inc
 ABCT.TO :
    * . REPORTS Q3 FISCAL 2023 RESULTS
    * ABC TECHNOLOGIES HOLDINGS - QTRLY REVENUE UP 30.7% TO
$373.5
MILLION FROM $285.8 MILLION FOR THREE MONTHS ENDED MARCH 31,
2022
    * WE EXPECT COSTS TO REMAIN ELEVATED FROM NOW UNTIL END OF
CALENDAR YEAR 2023
    * ABC TECHNOLOGIES HOLDINGS - QTRLY LOSS PER SHARE $0.02
    * HIGH COSTS IN AREAS INCLUDING, TO LABOR, BENEFITS, FREIGHT
LIKELY NOT TEMPORARY, TO REMAIN PART OF COST OF BUSINESS
    * IS IN DISCUSSIONS WITH ITS LARGEST CUSTOMERS TO ADJUST ITS
PRICES FOR EFFECTS OF INFLATION
    * IS REFINING QUOTING PRACTICES TO MORE PROACTIVELY ADDRESS
INPUT
AND CONVERSION COSTS IN ITS PRICING TO CUSTOMERS
    * Q3 EARNINGS PER SHARE VIEW $-0.01, REVENUE VIEW $354.6
MILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw1VtpnPa 
Further company coverage:  ABCT.TO 

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