IBC Advanced Alloys Reports Financial Results For Quarter Ended March 2025
Press Release

IBC Advanced Alloys Reports Financial Results For Quarter Ended March 2025

Highlights of the Quarter and Nine Months Ended March 31, 2025
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars)

IBC is reporting the performance of "continuing operations" at its Copper Alloy division, "discontinued operations" at its Massachusetts facility, and a combination of continuing and discontinued operations.1

  • Copper Alloys division (continuing operations) sales of $13 million in the nine-month period ended March 31, 2025, compared to sales of $18.6 million in the comparable prior-year period. However, 89% of the relative decline, or approximately $5.01 million, was driven by two large, non-recurring orders in the comparative period of fiscal year 2024. The Company's Engineered Materials ("EM") division, where operations ceased and all contracts were completed before June 30, 2024, recorded no sales.

  • Continuing operations reported a fiscal year to date ("YTD") operating loss1 of $735,000 compared to operating income of $1.2 million in the comparative period.

  • In the quarter, continuing operations booked positive adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") of $255,000. YTD, Adjusted EBITDA was a loss of $126,000.

  • IBC reported a consolidated YTD net loss of $2.3 million ($0.029 per share) for continuing operations, or a loss of $3.2 million including discontinued operations.

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