Ocean Bio Chem Inc's Suppliers recorded an increase in sales by 16.63 % year on year in Q2 2022, sequentially sales grew by 6.23 %, Ocean Bio Chem Inc recorded an increase in cost of sales by 17.14 % year on year, sequentially cost of sales grew by 23.22 % in Q2.
Ocean Bio Chem Inc's Suppliers recorded an increase in sales by 16.63 % year on year in Q2 2022, sequentially sales grew by 6.23 %, Ocean Bio Chem Inc recorded increase in cost of sales by 17.14 % year on year, sequentially cost of sales grew by 23.22 % in Q2.
We produce the majority of our products at Kinpak’s manufacturing facilities
in Montgomery, Alabama. In addition, we contract with various third party manufacturers
to manufacture some of our products, which are manufactured to our specifications
using our provided formulas. Each third party manufacturer enters into a confidentiality
agreement with us.
We purchase raw materials from a variety of suppliers; all raw materials used
in manufacturing are readily available from alternative sources. We design our
own packaging and supply our outside manufacturers with the appropriate design
or packaging. We believe that our internal manufacturing capacity and our arrangements
with our current outside manufacturers are adequate for our present needs.
In the event that arrangements with any third party manufacturer are discontinued,
we believe that we will be able to locate substitute manufacturing facilities
without a substantial adverse effect on our manufacturing and distribution.
Ocean Bio Chem Inc's Comment on Supply Chain
We produce the majority of our products at Kinpak’s manufacturing facilities
in Montgomery, Alabama. In addition, we contract with various third party manufacturers
to manufacture some of our products, which are manufactured to our specifications
using our provided formulas. Each third party manufacturer enters into a confidentiality
agreement with us.
We purchase raw materials from a variety of suppliers; all raw materials used
in manufacturing are readily available from alternative sources. We design our
own packaging and supply our outside manufacturers with the appropriate design
or packaging. We believe that our internal manufacturing capacity and our arrangements
with our current outside manufacturers are adequate for our present needs.
In the event that arrangements with any third party manufacturer are discontinued,
we believe that we will be able to locate substitute manufacturing facilities
without a substantial adverse effect on our manufacturing and distribution.
OBCI's Suppliers Net Income grew by
OBCI's Suppliers Net margin fell in Q2 to
16.07 %
14.97 %
OBCI's Suppliers Net Income grew by 16.07 %
OBCI's Suppliers Net margin fell in Q2 to 14.97 %
Ocean Bio Chem Inc's Suppliers Sales Growth
in Q2 2022 by Industry
Sources:
Ocean Bio chem Inc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
For your research, we’ve provided nine additional tables on Ocean Bio chem Inc’s suppliers.
You can find them in the navigation menu under Suppliers.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
23.29 % 