Homasote Company, America’s oldest manufacturer of building products made from recycled cellulose fiber, recently released its unaudited summary of financial operating information - the Interim Financial Report for the first six months of 2022 and comparable figures for the same period in 2021.
Net sales for the three months ended June 30, 2022 were $6,349,129, compared to $4,900,757 for 2021, an increase of $1,448,372. Net income for the three months ended June 30, 2022 was $720,394, or $1.99 per share, compared to net income of ($71,441), or ($0.20) per share, for the year earlier period.
Net sales for the six months ended June 30, 2022 were $11,931,470, compared to $9,375,504 for 2021, an increase of $2,555,966. Net income for the six months ended June 30, 2022 was $1,450,635, or $4.01 per share, versus net income of ($286,721), or ($0.79) per share, in 2021.