Revenues of Unique Fabricating Inc's Suppliers, deteriorated by -2.52 % compared to the same quarter a year ago, from the previous quarter, sales fell by -3.94 %, Unique Fabricating Inc recorded an increase in cost of sales by 18.12 % year on year, sequentially cost of sales grew by 5.59 % in Q3.
Unique Fabricating Inc's Suppliers realized a deteriorated in sales by -2.52 % compared to the same quarter a year ago, from the previous quarter, sales fell by -3.94 %, Unique Fabricating Inc recorded increase in cost of sales by 18.12 % year on year, sequentially cost of sales grew by 5.59 % in Q3.
We have long relationships with over 150 raw material and adhesive suppliers.
We track new developments in materials, and pursue exclusive relationships with
those suppliers that develop innovative raw materials and adhesives. Our key suppliers
see us as a way to introduce their new products and technology to the marketplace
and obtain the necessary customer approvals. This, in turn, can lead to Unique
being first to market with certain products or materials. For example, this has
led to us having exclusive access for our types of products to the only source
of recycled polyol for polyurethane in the industry. We believe these recycled
materials are opening up opportunities for new product variations that other competitors
cannot offer. We constantly collaborate with our suppliers to develop new materials
and adhesive combinations that exhibit a cost, quality and/or performance enhancement
for our customers.
Unique Fabricating Inc's Comment on Supply Chain
We have long relationships with over 150 raw material and adhesive suppliers.
We track new developments in materials, and pursue exclusive relationships with
those suppliers that develop innovative raw materials and adhesives. Our key suppliers
see us as a way to introduce their new products and technology to the marketplace
and obtain the necessary customer approvals. This, in turn, can lead to Unique
being first to market with certain products or materials. For example, this has
led to us having exclusive access for our types of products to the only source
of recycled polyol for polyurethane in the industry. We believe these recycled
materials are opening up opportunities for new product variations that other competitors
cannot offer. We constantly collaborate with our suppliers to develop new materials
and adhesive combinations that exhibit a cost, quality and/or performance enhancement
for our customers.
UFAB's Suppliers Net profit fell by
UFAB's Suppliers Net margin fell in Q3 to
-80.05 %
1.73 %
UFAB's Suppliers Net profit fell by -80.05 %
UFAB's Suppliers Net margin fell in Q3 to 1.73 %
Unique Fabricating Inc's Suppliers Sales Growth
in Q3 2022 by Industry
Sources:
Unique Fabricating 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:
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