IBC Advanced Alloys Reports Financial Results for the Year Ended June 30, 2022

Oct 28, 2022

(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars.)
Consolidated 2022 sales increased by 23.4% over 2021, with Engineered Materials ("EM") division sales improving 53.7% and Copper Alloy division sales rising by 3.7%. 2022 sales growth marked the fourth year in a row of revenue growth for IBC.
Engineered Materials division achieves fourth straight year of higher revenue and adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA")[1] and third straight year of profitability.
Gross profit and gross margin for the Copper Alloys division improved in 2022 for the fourth straight year, as did consolidated IBC gross profit and gross margin.
Consolidated Adjusted EBITDA¹ in 2022 rose by 82.4% above the prior year. IBC continued to narrow its consolidated loss in 2022 as compared to the previous three years.
IBC to host live investor webcast at 12:30 PM Eastern on Friday, October 28, 2022. Pre-registration is required and can be done here: https://us06web.zoom.us/meeting/register/tZUtcO2orz8qHdwiyfZ8XYB-d8JO_CyyM5eN

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