Econ Engineering Reports Q3 Results Amid UK Roadway Maintenance Expansion
1 report, 1 independent
Updated Tue 00:00
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What happened
Econ Engineering announced an expansion of its UK roadway maintenance services. The company reported net sales of $403.1 million, representing a 4% decline year over year, which was attributed to soft end markets and divestiture-related impacts. Adjusted Diluted EPS was $2.06, compared to $2.34 in the prior year period.
From fool.com
Why it matters
The company's adjusted gross margin improved to 24.7%, driven by favorable pricing and procurement savings. However, Industrial Equipment sales decreased by 5.8% primarily due to softer municipal demand.
From fool.com
Who's involved
- Econ EngineeringUK manufacturer of winter and road maintenance vehicle bodies
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The entities involved
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Econ Engineering
UK manufacturer of winter and road maintenance vehicle bodies
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