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Impact Coatings Q3 2023: Initial take - Redeye

Redeye states that reported Q3 numbers are basically in-line with our expectations. Only slightly below in terms of sales as well as costs. Coating Services’ expansion is progressing and the new center in China appears to be off to a good start. The company expects high business activity within the segment during Q4 and into 2024, despite a low order backlog at the end of Q3. We will most likely leave our forecasts virtually unchanged.

Redeye states that reported Q3 numbers are basically in-line with our expectations. Only slightly below in terms of sales as well as costs. Coating Services’ expansion is progressing and the new center in China appears to be off to a good start. The company expects high business activity within the segment during Q4 and into 2024, despite a low order backlog at the end of Q3. We will most likely leave our forecasts virtually unchanged.
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