IBC Advanced Alloys (TSE:IB) has released an update.
IBC Advanced Alloys Corp. reported a record-breaking quarter with a notable net income of $1.36 million on sales of $10.2 million. Both the Copper Alloys and Engineered Materials divisions saw significant quarterly sales growth, contributing to the highest ever recorded sales over a nine-month period and trailing 12 months. The company’s financial performance also showed a substantial quarter-over-quarter increase in adjusted EBITDA, operating income, and set new records in revenue.
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