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News Article | May 16, 2017
Site: globenewswire.com

SARASOTA, Fla., May 16, 2017 (GLOBE NEWSWIRE) -- Uniroyal Global Engineered Products, Inc. (OTCQB:UNIR), a leading global provider of vinyl-coated fabrics and soft trim technologies serving the automotive, recreational, industrial, contract, hospitality and healthcare markets, reports that it is currently implementing expansion plans and continued investment in the Asian market, beginning with a new sales, engineering and marketing office in Shanghai’s Financial District in Pudong.  The office will provide sales, marketing technical and logistical support, as well as offer a hub of innovation for the research and development of new vinyl colors, patterns, and designs targeted towards the Asia-Pacific automotive market. “China is a significant piece of Uniroyal Global’s growth strategy and this expansion reflects our commitment to investing in one of the largest and most dynamic markets in the world.  Capitalizing on the successful integration of our acquisitions, Uniroyal is continuing to look forward to expanding our global footprint. Pudong is a natural fit for our office, as it is close to all of our major customers in the region. We expect the office to serve as an innovation center to enhance product offerings to the Asian market,” said Uniroyal CEO Howard R. Curd. “With the Asia-Pacific market accounting for 50% of the global coated fabrics market, our presence in Shanghai positions us to showcase our world class design capabilities and expand our business in this growing market.  In addition to our strong presence in the U.S. and Europe, the China office will enable us to broaden our global reach and pursue additional opportunities in the automotive and mass transportation markets,” added Mike Raines, EVP and Global Commercial Director. Uniroyal Global Engineered Products, Inc. (Symbol:UNIR) is a leading global provider of vinyl-coated fabrics and soft trim technologies. Our companies in the U.S. and Europe utilize 500,000 square feet of manufacturing capacity and feature more than 400 employees dedicated to delivering outstanding products engineered for exceptional performance.  Uniroyal Global’s coated fabrics and soft trim components are featured in many consumer and industrial applications including automotive seating and interior components, commercial and hospitality seating, medical equipment, healthcare facilities and athletic equipment primarily in North America and Europe.  Among Uniroyal Global’s collection of innovative products are the renowned and industry-preferred brands, Naugahyde® and Ambla®.  For more information on Uniroyal Global Engineered Products, Inc., please visit uniroyalglobal.com. Except for statements of historical fact, certain information contained in this press release constitutes forward-looking statements, including, without limitation, statements containing the words “believe,” “expect,” “anticipate,” “intend, “should,” “planned,” “estimated” and “potential” and words of similar import, as well as all references to the future. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, the following: uncertainties relating to economic conditions, uncertainties relating to customer plans and commitments, the pricing and availability of equipment, materials and inventories, currency fluctuations, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.


News Article | May 16, 2017
Site: globenewswire.com

SARASOTA, Fla., May 16, 2017 (GLOBE NEWSWIRE) -- Uniroyal Global Engineered Products, Inc. (OTCQB:UNIR), a leading global provider of vinyl-coated fabrics and soft trim technologies serving the automotive, recreational, industrial, contract, hospitality and healthcare markets, reports that it is currently implementing expansion plans and continued investment in the Asian market, beginning with a new sales, engineering and marketing office in Shanghai’s Financial District in Pudong.  The office will provide sales, marketing technical and logistical support, as well as offer a hub of innovation for the research and development of new vinyl colors, patterns, and designs targeted towards the Asia-Pacific automotive market. “China is a significant piece of Uniroyal Global’s growth strategy and this expansion reflects our commitment to investing in one of the largest and most dynamic markets in the world.  Capitalizing on the successful integration of our acquisitions, Uniroyal is continuing to look forward to expanding our global footprint. Pudong is a natural fit for our office, as it is close to all of our major customers in the region. We expect the office to serve as an innovation center to enhance product offerings to the Asian market,” said Uniroyal CEO Howard R. Curd. “With the Asia-Pacific market accounting for 50% of the global coated fabrics market, our presence in Shanghai positions us to showcase our world class design capabilities and expand our business in this growing market.  In addition to our strong presence in the U.S. and Europe, the China office will enable us to broaden our global reach and pursue additional opportunities in the automotive and mass transportation markets,” added Mike Raines, EVP and Global Commercial Director. Uniroyal Global Engineered Products, Inc. (Symbol:UNIR) is a leading global provider of vinyl-coated fabrics and soft trim technologies. Our companies in the U.S. and Europe utilize 500,000 square feet of manufacturing capacity and feature more than 400 employees dedicated to delivering outstanding products engineered for exceptional performance.  Uniroyal Global’s coated fabrics and soft trim components are featured in many consumer and industrial applications including automotive seating and interior components, commercial and hospitality seating, medical equipment, healthcare facilities and athletic equipment primarily in North America and Europe.  Among Uniroyal Global’s collection of innovative products are the renowned and industry-preferred brands, Naugahyde® and Ambla®.  For more information on Uniroyal Global Engineered Products, Inc., please visit uniroyalglobal.com. Except for statements of historical fact, certain information contained in this press release constitutes forward-looking statements, including, without limitation, statements containing the words “believe,” “expect,” “anticipate,” “intend, “should,” “planned,” “estimated” and “potential” and words of similar import, as well as all references to the future. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, the following: uncertainties relating to economic conditions, uncertainties relating to customer plans and commitments, the pricing and availability of equipment, materials and inventories, currency fluctuations, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.


News Article | May 16, 2017
Site: globenewswire.com

SARASOTA, Fla., May 16, 2017 (GLOBE NEWSWIRE) -- Uniroyal Global Engineered Products, Inc. (OTCQB:UNIR), a leading global provider of vinyl-coated fabrics and soft trim technologies serving the automotive, recreational, industrial, contract, hospitality and healthcare markets, reports that it is currently implementing expansion plans and continued investment in the Asian market, beginning with a new sales, engineering and marketing office in Shanghai’s Financial District in Pudong.  The office will provide sales, marketing technical and logistical support, as well as offer a hub of innovation for the research and development of new vinyl colors, patterns, and designs targeted towards the Asia-Pacific automotive market. “China is a significant piece of Uniroyal Global’s growth strategy and this expansion reflects our commitment to investing in one of the largest and most dynamic markets in the world.  Capitalizing on the successful integration of our acquisitions, Uniroyal is continuing to look forward to expanding our global footprint. Pudong is a natural fit for our office, as it is close to all of our major customers in the region. We expect the office to serve as an innovation center to enhance product offerings to the Asian market,” said Uniroyal CEO Howard R. Curd. “With the Asia-Pacific market accounting for 50% of the global coated fabrics market, our presence in Shanghai positions us to showcase our world class design capabilities and expand our business in this growing market.  In addition to our strong presence in the U.S. and Europe, the China office will enable us to broaden our global reach and pursue additional opportunities in the automotive and mass transportation markets,” added Mike Raines, EVP and Global Commercial Director. Uniroyal Global Engineered Products, Inc. (Symbol:UNIR) is a leading global provider of vinyl-coated fabrics and soft trim technologies. Our companies in the U.S. and Europe utilize 500,000 square feet of manufacturing capacity and feature more than 400 employees dedicated to delivering outstanding products engineered for exceptional performance.  Uniroyal Global’s coated fabrics and soft trim components are featured in many consumer and industrial applications including automotive seating and interior components, commercial and hospitality seating, medical equipment, healthcare facilities and athletic equipment primarily in North America and Europe.  Among Uniroyal Global’s collection of innovative products are the renowned and industry-preferred brands, Naugahyde® and Ambla®.  For more information on Uniroyal Global Engineered Products, Inc., please visit uniroyalglobal.com. Except for statements of historical fact, certain information contained in this press release constitutes forward-looking statements, including, without limitation, statements containing the words “believe,” “expect,” “anticipate,” “intend, “should,” “planned,” “estimated” and “potential” and words of similar import, as well as all references to the future. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, the following: uncertainties relating to economic conditions, uncertainties relating to customer plans and commitments, the pricing and availability of equipment, materials and inventories, currency fluctuations, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.


Financial Highlights for the Fiscal First Quarter Ended April 2, 2017 versus the Previous Year: SARASOTA, Fla., May 15, 2017 (GLOBE NEWSWIRE) -- Uniroyal Global Engineered Products, Inc. ((OTCQB:UNIR) or the “Company”) today reported its financial results for the fiscal quarter ended April 2, 2017. Net Sales for the fiscal quarter ended April 2, 2017 increased to $25,758,429 for a gain of 3.2% versus the $24,967,595 reported in the comparable prior year quarter. Approximately 52% of the total net sales for the quarter were international which were negatively impacted by the stronger U.S. dollar. Excluding the negative impact of the stronger dollar, Net Sales for the quarter increased 7.7%. Global automotive net sales increased 7.7% for the quarter with particular strength in European business due to increased penetration of its existing customer base and new platforms and programs awarded in fiscal 2016.  Automotive net sales represented 68% of the Company’s net sales for the current quarter, versus 65% for the comparable quarter last year. Net Sales in the Industrial Sector declined 5.2% versus the first quarter of the previous year.  This decline was principally due to sluggish sales to major off-highway equipment manufacturers. “We are encouraged by the robust growth of our European automotive sector. With several new platforms commencing soon, we expect good performance from the Global Automotive Sector for the remainder of the year,” said Howard Curd, Chairman and Chief Executive Officer. Income Before Taxes improved to $1,445,278 or $162,508 (12.7%) versus $1,282,770 for the comparable quarter of the previous year.  Operating Expenses declined this quarter due to lower Selling and General and Administrative expenses as the Company reaps the benefits of continuous consolidation and efficiency programs put in place some time ago.  The lower Operating Expenses virtually offset lower Gross Profit Margins. Gross Profit Margins decreased this quarter versus last year due to the increase in lower margin automotive sales and a reduction in higher margin industrial sales. Also negatively affecting margins for the fiscal quarter ended April 2, 2017 were raw material price increases in the U.K. due to inflation caused by a weak British Pound Sterling and operating inefficiencies from the ramping up of newly awarded European automotive platforms. These inefficiencies have been largely addressed and improvement is expected for the remainder of the year. Lower interest charges and currency valuations also benefited Income Before Taxes for the quarter versus the previous year. Net Income Available to Common Shareholders increased 8.4% to $470,776 or $0.03 per share from $434,103 or $0.02 per share reported in the first quarter of the prior year. For further details, see the Consolidated Statements of Operations in the Company’s Form 10-Q filed on May 15, 2017.  The Company will have comments on the quarter in an earning conference call on May 16, 2017 at 9:00 am (EDT).  Persons wishing to access the conference call may do so by dialing 800-311-6662 (U.S.) and 719-457-2602 (International), and using the ID #1653261.  Howard F. Curd, President, will discuss our earnings on the call and will be available for questions. The call will also be available by logging on to www.uniroyalglobal.com and accessing the webcast link (http://public.viavid.com/index.php?id=124397) in the investor relations section. A replay of the conference call will be available beginning May 16, 2017 through August 16, 2017 by calling (844) 512-2921 (US) or (412) 317-6671 (International) and Pin #1653261. Uniroyal Global Engineered Products, Inc. (UNIR) is a leading manufacturer of vinyl coated fabrics that are durable, stain resistant, cost-effective alternatives to leather, cloth and other synthetic fabric coverings. Uniroyal Global Engineered Products, Inc.’s revenue in 2016 was derived 65% from the automotive industry and approximately 35% from the recreational, industrial, indoor and outdoor furnishings, hospitality and health care markets. Our primary brand names include Naugahyde®, BeautyGard®, Flameblocker™, Spirit Millennium®, Ambla®, Amblon®, Velbex®, Cirroflex®, Plastolene® and Vynide®. Except for statements of historical fact, certain information contained in this press release constitutes forward-looking statements, including, without limitation, statements containing the words “believe,” “expect,” “anticipate,” “intend,” “should,” “planned,” “estimated” and “potential” and words of similar import, as well as all references to the future. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, the following: uncertainties relating to economic conditions, uncertainties relating to customer plans and commitments, the pricing and availability of equipment, materials and inventories, currency fluctuations, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.


Financial Highlights for the Fiscal First Quarter Ended April 2, 2017 versus the Previous Year: SARASOTA, Fla., May 15, 2017 (GLOBE NEWSWIRE) -- Uniroyal Global Engineered Products, Inc. ((OTCQB:UNIR) or the “Company”) today reported its financial results for the fiscal quarter ended April 2, 2017. Net Sales for the fiscal quarter ended April 2, 2017 increased to $25,758,429 for a gain of 3.2% versus the $24,967,595 reported in the comparable prior year quarter. Approximately 52% of the total net sales for the quarter were international which were negatively impacted by the stronger U.S. dollar. Excluding the negative impact of the stronger dollar, Net Sales for the quarter increased 7.7%. Global automotive net sales increased 7.7% for the quarter with particular strength in European business due to increased penetration of its existing customer base and new platforms and programs awarded in fiscal 2016.  Automotive net sales represented 68% of the Company’s net sales for the current quarter, versus 65% for the comparable quarter last year. Net Sales in the Industrial Sector declined 5.2% versus the first quarter of the previous year.  This decline was principally due to sluggish sales to major off-highway equipment manufacturers. “We are encouraged by the robust growth of our European automotive sector. With several new platforms commencing soon, we expect good performance from the Global Automotive Sector for the remainder of the year,” said Howard Curd, Chairman and Chief Executive Officer. Income Before Taxes improved to $1,445,278 or $162,508 (12.7%) versus $1,282,770 for the comparable quarter of the previous year.  Operating Expenses declined this quarter due to lower Selling and General and Administrative expenses as the Company reaps the benefits of continuous consolidation and efficiency programs put in place some time ago.  The lower Operating Expenses virtually offset lower Gross Profit Margins. Gross Profit Margins decreased this quarter versus last year due to the increase in lower margin automotive sales and a reduction in higher margin industrial sales. Also negatively affecting margins for the fiscal quarter ended April 2, 2017 were raw material price increases in the U.K. due to inflation caused by a weak British Pound Sterling and operating inefficiencies from the ramping up of newly awarded European automotive platforms. These inefficiencies have been largely addressed and improvement is expected for the remainder of the year. Lower interest charges and currency valuations also benefited Income Before Taxes for the quarter versus the previous year. Net Income Available to Common Shareholders increased 8.4% to $470,776 or $0.03 per share from $434,103 or $0.02 per share reported in the first quarter of the prior year. For further details, see the Consolidated Statements of Operations in the Company’s Form 10-Q filed on May 15, 2017.  The Company will have comments on the quarter in an earning conference call on May 16, 2017 at 9:00 am (EDT).  Persons wishing to access the conference call may do so by dialing 800-311-6662 (U.S.) and 719-457-2602 (International), and using the ID #1653261.  Howard F. Curd, President, will discuss our earnings on the call and will be available for questions. The call will also be available by logging on to www.uniroyalglobal.com and accessing the webcast link (http://public.viavid.com/index.php?id=124397) in the investor relations section. A replay of the conference call will be available beginning May 16, 2017 through August 16, 2017 by calling (844) 512-2921 (US) or (412) 317-6671 (International) and Pin #1653261. Uniroyal Global Engineered Products, Inc. (UNIR) is a leading manufacturer of vinyl coated fabrics that are durable, stain resistant, cost-effective alternatives to leather, cloth and other synthetic fabric coverings. Uniroyal Global Engineered Products, Inc.’s revenue in 2016 was derived 65% from the automotive industry and approximately 35% from the recreational, industrial, indoor and outdoor furnishings, hospitality and health care markets. Our primary brand names include Naugahyde®, BeautyGard®, Flameblocker™, Spirit Millennium®, Ambla®, Amblon®, Velbex®, Cirroflex®, Plastolene® and Vynide®. Except for statements of historical fact, certain information contained in this press release constitutes forward-looking statements, including, without limitation, statements containing the words “believe,” “expect,” “anticipate,” “intend,” “should,” “planned,” “estimated” and “potential” and words of similar import, as well as all references to the future. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, the following: uncertainties relating to economic conditions, uncertainties relating to customer plans and commitments, the pricing and availability of equipment, materials and inventories, currency fluctuations, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.


SARASOTA, Fla.--(BUSINESS WIRE)--Uniroyal Global Engineered Products, Inc. (OTCQB:UNIR) (or the “Company”) today reported its financial results for the fiscal quarter ended April 2, 2017. Net Sales for the fiscal quarter ended April 2, 2017 increased to $25,758,429 for a gain of 3.2% versus the $24,967,595 reported in the comparable prior year quarter. Approximately 52% of the total net sales for the quarter were international which were negatively impacted by the stronger U.S. dollar. Excluding the negative impact of the stronger dollar, Net Sales for the quarter increased 7.7%. Global automotive net sales increased 7.7% for the quarter with particular strength in European business due to increased penetration of its existing customer base and new platforms and programs awarded in fiscal 2016. Automotive net sales represented 68% of the Company’s net sales for the current quarter, versus 65% for the comparable quarter last year. Net Sales in the Industrial Sector declined 5.2% versus the first quarter of the previous year. This decline was principally due to sluggish sales to major off-highway equipment manufacturers. “We are encouraged by the robust growth of our European automotive sector. With several new platforms commencing soon, we expect good performance from the Global Automotive Sector for the remainder of the year,” said Howard Curd, Chairman and Chief Executive Officer. Income Before Taxes improved to $1,445,278 or $162,508 (12.7%) versus $1,282,770 for the comparable quarter of the previous year. Operating Expenses declined this quarter due to lower Selling and General and Administrative expenses as the Company reaps the benefits of continuous consolidation and efficiency programs put in place some time ago. The lower Operating Expenses virtually offset lower Gross Profit Margins. Gross Profit Margins decreased this quarter versus last year due to the increase in lower margin automotive sales and a reduction in higher margin industrial sales. Also negatively affecting margins for the fiscal quarter ended April 2, 2017 were raw material price increases in the U.K. due to inflation caused by a weak British Pound Sterling and operating inefficiencies from the ramping up of newly awarded European automotive platforms. These inefficiencies have been largely addressed and improvement is expected for the remainder of the year. Lower interest charges and currency valuations also benefited Income Before Taxes for the quarter versus the previous year. Net Income Available to Common Shareholders increased 8.4% to $470,776 or $0.03 per share from $434,103 or $0.02 per share reported in the first quarter of the prior year. For further details, see the Consolidated Statements of Operations in the Company’s Form 10-Q filed on May 15, 2017. The Company will have comments on the quarter in an earning conference call on May 16, 2017 at 9:00 am (EDT). Persons wishing to access the conference call may do so by dialing 800-311-6662 (U.S.) and 719-457-2602 (International), and using the ID #1653261. Howard F. Curd, President, will discuss our earnings on the call and will be available for questions. The call will also be available by logging on to www.uniroyalglobal.com and accessing the webcast link (http://public.viavid.com/index.php?id=124397) in the investor relations section. A replay of the conference call will be available beginning May 16, 2017 through August 16, 2017 by calling (844) 512-2921 (US) or (412) 317-6671 (International) and Pin #1653261. Uniroyal Global Engineered Products, Inc. (UNIR) is a leading manufacturer of vinyl coated fabrics that are durable, stain resistant, cost-effective alternatives to leather, cloth and other synthetic fabric coverings. Uniroyal Global Engineered Products, Inc.’s revenue in 2016 was derived 65% from the automotive industry and approximately 35% from the recreational, industrial, indoor and outdoor furnishings, hospitality and health care markets. Our primary brand names include Naugahyde®, BeautyGard®, Flameblocker™, Spirit Millennium®, Ambla®, Amblon®, Velbex®, Cirroflex®, Plastolene® and Vynide®. Except for statements of historical fact, certain information contained in this press release constitutes forward-looking statements, including, without limitation, statements containing the words “believe,” “expect,” “anticipate,” “intend,” “should,” “planned,” “estimated” and “potential” and words of similar import, as well as all references to the future. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, the following: uncertainties relating to economic conditions, uncertainties relating to customer plans and commitments, the pricing and availability of equipment, materials and inventories, currency fluctuations, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.


Financial Highlights for the Fiscal First Quarter Ended April 2, 2017 versus the Previous Year: SARASOTA, Fla., May 15, 2017 (GLOBE NEWSWIRE) -- Uniroyal Global Engineered Products, Inc. ((OTCQB:UNIR) or the “Company”) today reported its financial results for the fiscal quarter ended April 2, 2017. Net Sales for the fiscal quarter ended April 2, 2017 increased to $25,758,429 for a gain of 3.2% versus the $24,967,595 reported in the comparable prior year quarter. Approximately 52% of the total net sales for the quarter were international which were negatively impacted by the stronger U.S. dollar. Excluding the negative impact of the stronger dollar, Net Sales for the quarter increased 7.7%. Global automotive net sales increased 7.7% for the quarter with particular strength in European business due to increased penetration of its existing customer base and new platforms and programs awarded in fiscal 2016.  Automotive net sales represented 68% of the Company’s net sales for the current quarter, versus 65% for the comparable quarter last year. Net Sales in the Industrial Sector declined 5.2% versus the first quarter of the previous year.  This decline was principally due to sluggish sales to major off-highway equipment manufacturers. “We are encouraged by the robust growth of our European automotive sector. With several new platforms commencing soon, we expect good performance from the Global Automotive Sector for the remainder of the year,” said Howard Curd, Chairman and Chief Executive Officer. Income Before Taxes improved to $1,445,278 or $162,508 (12.7%) versus $1,282,770 for the comparable quarter of the previous year.  Operating Expenses declined this quarter due to lower Selling and General and Administrative expenses as the Company reaps the benefits of continuous consolidation and efficiency programs put in place some time ago.  The lower Operating Expenses virtually offset lower Gross Profit Margins. Gross Profit Margins decreased this quarter versus last year due to the increase in lower margin automotive sales and a reduction in higher margin industrial sales. Also negatively affecting margins for the fiscal quarter ended April 2, 2017 were raw material price increases in the U.K. due to inflation caused by a weak British Pound Sterling and operating inefficiencies from the ramping up of newly awarded European automotive platforms. These inefficiencies have been largely addressed and improvement is expected for the remainder of the year. Lower interest charges and currency valuations also benefited Income Before Taxes for the quarter versus the previous year. Net Income Available to Common Shareholders increased 8.4% to $470,776 or $0.03 per share from $434,103 or $0.02 per share reported in the first quarter of the prior year. For further details, see the Consolidated Statements of Operations in the Company’s Form 10-Q filed on May 15, 2017.  The Company will have comments on the quarter in an earning conference call on May 16, 2017 at 9:00 am (EDT).  Persons wishing to access the conference call may do so by dialing 800-311-6662 (U.S.) and 719-457-2602 (International), and using the ID #1653261.  Howard F. Curd, President, will discuss our earnings on the call and will be available for questions. The call will also be available by logging on to www.uniroyalglobal.com and accessing the webcast link (http://public.viavid.com/index.php?id=124397) in the investor relations section. A replay of the conference call will be available beginning May 16, 2017 through August 16, 2017 by calling (844) 512-2921 (US) or (412) 317-6671 (International) and Pin #1653261. Uniroyal Global Engineered Products, Inc. (UNIR) is a leading manufacturer of vinyl coated fabrics that are durable, stain resistant, cost-effective alternatives to leather, cloth and other synthetic fabric coverings. Uniroyal Global Engineered Products, Inc.’s revenue in 2016 was derived 65% from the automotive industry and approximately 35% from the recreational, industrial, indoor and outdoor furnishings, hospitality and health care markets. Our primary brand names include Naugahyde®, BeautyGard®, Flameblocker™, Spirit Millennium®, Ambla®, Amblon®, Velbex®, Cirroflex®, Plastolene® and Vynide®. Except for statements of historical fact, certain information contained in this press release constitutes forward-looking statements, including, without limitation, statements containing the words “believe,” “expect,” “anticipate,” “intend,” “should,” “planned,” “estimated” and “potential” and words of similar import, as well as all references to the future. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, the following: uncertainties relating to economic conditions, uncertainties relating to customer plans and commitments, the pricing and availability of equipment, materials and inventories, currency fluctuations, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.


News Article | May 29, 2017
Site: www.sciencedaily.com

Failing an exam at school, getting rejected for a job or being screamed at by your teacher or superior are only a few examples of situations that may cause despair, disappointment or a sense of failure. Unfortunately, such set-backs are part of anyone's life and can start early-on. However, dealing with adversity throughout a lifetime is a reality that some seem to be managing better than others. Where some give-up or crumble at the sight of a difficulty, others have levels of resilience that allow them to preserver and to stay calm under pressure. This often gives them the cutting edge to draw onto their resources and to readjust as needed while a less resilient person may become emotional, panic and lose control. What makes the difference? First of all, resilience is an acquired skill rather than a fixed character trait. This means that it can be learned and involves working on behaviours, thoughts and actions. This may be easier said than done, especially when it comes to young people that are at high-risk of social exclusion. How can resilience be acquired effectively? In a recent study entitled "Relationship between Resilience and Self-regulation: A Study of Spanish Youth at Risk of Social Exclusion" published in Frontiers in Psychology, Professor Raquel Artuch-Garde from the Universidad Internacional de La Rioja (UNIR) in Spain et.al. analysed whether self-regulation would be a good predictor of resilience. They looked at 365 Spanish students aged 15-21 years, who are marked by academic failure, and who, without the necessary qualifications, find access to the job market later on very much restricted. "We wondered whether these students would survive better in the system if they were prepared to overcome adversity. The research shows the relationship between two essential non-cognitive skills: resilience and self-regulation that are equally or even more important than cognitive aspects in the educational process of students at risk of social exclusion." says Professor Artuch-Garde. In fact, the relationship was significant as learning from mistakes was a major predictor of resilience, in particular coping and confidence, tenacity and adaptation as well as tolerance to negative situations. The study shows that helping these young people to bounce-back from adversities by acquiring self-regulation skills such as setting goals and adjusting their path after a misstep, equips them better to do well in school and in life. The results according to Professor Artuch-Garde illustrate "the importance of working on students' strengths that go beyond the academic or technical areas and which help them to cope positively with the adverse situations that they encounter in their lives." She further concludes "By working on self-regulation skill of students at risk, we encourage their resilient capacity to build an optimistic life plan and to preserver, which in turn reduces drop-out rates that lead to social exclusion."


News Article | May 29, 2017
Site: www.eurekalert.org

Helping young people at risk of social exclusion to develop skills such as self-regulation helps them to bounce back from adversities and do better in life Failing an exam at school, getting rejected for a job or being screamed at by your teacher or superior are only a few examples of situations that may cause despair, disappointment or a sense of failure. Unfortunately, such set-backs are part of anyone's life and can start early-on. However, dealing with adversity throughout a lifetime is a reality that some seem to be managing better than others. Where some give-up or crumble at the sight of a difficulty, others have levels of resilience that allow them to preserver and to stay calm under pressure. This often gives them the cutting edge to draw onto their resources and to readjust as needed while a less resilient person may become emotional, panic and lose control. What makes the difference? First of all, resilience is an acquired skill rather than a fixed character trait. This means that it can be learned and involves working on behaviours, thoughts and actions. This may be easier said than done, especially when it comes to young people that are at high-risk of social exclusion. How can resilience be acquired effectively? In a recent study entitled "Relationship between Resilience and Self-regulation: A Study of Spanish Youth at Risk of Social Exclusion" published in Frontiers in Psychology, Professor Raquel Artuch-Garde from the Universidad Internacional de La Rioja (UNIR) in Spain et.al. analysed whether self-regulation would be a good predictor of resilience. They looked at 365 Spanish students aged 15-21 years, who are marked by academic failure, and who, without the necessary qualifications, find access to the job market later on very much restricted. "We wondered whether these students would survive better in the system if they were prepared to overcome adversity. The research shows the relationship between two essential non-cognitive skills: resilience and self-regulation that are equally or even more important than cognitive aspects in the educational process of students at risk of social exclusion." says Professor Artuch-Garde. In fact, the relationship was significant as learning from mistakes was a major predictor of resilience, in particular coping and confidence, tenacity and adaptation as well as tolerance to negative situations. The study shows that helping these young people to bounce-back from adversities by acquiring self-regulation skills such as setting goals and adjusting their path after a misstep, equips them better to do well in school and in life. The results according to Professor Artuch-Garde illustrate "the importance of working on students' strengths that go beyond the academic or technical areas and which help them to cope positively with the adverse situations that they encounter in their lives." She further concludes "By working on self-regulation skill of students at risk, we encourage their resilient capacity to build an optimistic life plan and to preserver, which in turn reduces drop-out rates that lead to social exclusion."


SARASOTA, Fla.--(BUSINESS WIRE)--Uniroyal Global Engineered Products, Inc. (OTCQB:UNIR), a leading global provider of vinyl-coated fabrics and soft trim technologies serving the automotive, recreational, industrial, contract, hospitality and healthcare markets, announced today that the Company will report its earnings results for the first quarter 2017 on Monday, May 15, 2017 after the market close and will hold an earnings conference call on Tuesday, May 16, 2017 at 9:00am EDT. Persons wishing to access the conference call may do so by dialing 800-311-6662 (U.S.) and 719-457-2602 (International), and using the ID #1653261 or by logging on to www.uniroyalglobal.com and accessing the webcast link (http://public.viavid.com/index.php?id=124397) in the investor relations section. A replay of the conference call will be available beginning May 16, 2017 through August 16, 2017 by calling 844-512-2921 (US) or 412-317-6671 (International) and using Pin #1653261. The webcast will be archived on www.uniroyalglobal.com in the investor relations section until May 16, 2018. Uniroyal Global Engineered Products, Inc. (UNIR) is a leading manufacturer of vinyl coated fabrics that are durable, stain resistant, cost-effective alternatives to leather, cloth and other synthetic fabric coverings. Uniroyal Global Engineered Products, Inc.’s revenue in 2016 was derived 65% from the automotive industry and approximately 35% from the recreational, industrial, indoor and outdoor furnishings, hospitality and health care markets. Our primary brand names include Naugahyde®, BeautyGard®, Flameblocker™, Spirit Millennium®, Ambla®, Amblon®, Velbex®, Cirroflex®, Plastolene® and Vynide®. Except for statements of historical fact, certain information contained in this press release constitutes forward-looking statements, including, without limitation, statements containing the words “believe,” “expect,” “anticipate,” “intend, “should,” “planned,” “estimated” and “potential” and words of similar import, as well as all references to the future. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, the following: uncertainties relating to economic conditions, uncertainties relating to customer plans and commitments, the pricing and availability of equipment, materials and inventories, currency fluctuations, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.

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