Quaser Machine Tools, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 04:24 am EST
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Quaser Machine Tools, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 669.97 million compared to TWD 527.59 million a year ago. Net income was TWD 42.53 million compared to net loss of TWD 53.41 million a year ago. Basic earnings per share from continuing operations was TWD 0.77 compared to basic loss per share from continuing operations of TWD 0.97 a year ago. Diluted earnings per share from continuing operations was TWD 0.77 compared to diluted loss per share from continuing operations of TWD 0.97 a year ago.
For the nine months, sales was TWD 1,933.1 million compared to TWD 1,375.63 million a year ago. Net income was TWD 105.88 million compared to net loss of TWD 125 million a year ago. Basic earnings per share from continuing operations was TWD 1.93 compared to basic loss per share from continuing operations of TWD 2.27 a year ago. Diluted earnings per share from continuing operations was TWD 1.92 compared to diluted loss per share from continuing operations of TWD 2.27 a year ago.
Quaser Machine Tools Inc is a Taiwan-based company engaged in the manufacture and sale of tooling machines. The Company's main products are computer numerical control (CNC) tooling machines and other metal cutting machines. The Company's tooling products are mainly categorized into vertical machining centers, vertical interchangeable table machining centers, five-face machining centers, five-axis machining centers, horizontal machining centers, horizontal elastic manufacturing units, five-face and five-axis elastic manufacturing units, milling and lathe combined machine. The Company's products are used in aerospace industry and other industries. The Company's products are used in the aerospace industry, defense industry, automotive industry, general machinery, metal processing industry and electronics industry. The Company sells its products domestically and internationally.
QUASER MACHINE TOOLS, INC. 
