IBC Advanced Alloys Reports Q1 2025 Financial Results

IBC Advanced Alloys Corp. announced financial results for the quarter and nine months ending on March 31, 2025. The Copper Alloys division's sales decreased by 43.4% compared to the previous year, impacted significantly by two large, non-recurring orders in 2024. This division reported a year-to-date operating loss of $735,000, contrasting with an operating income of $1.2 million in the prior year.

The company's consolidated nine-month net loss amounted to $3.2 million, including discontinued operations. IBC's adjusted EBITDA was also lower year-over-year due to incurred costs from its EM division after ceasing operations. Despite these setbacks, CEO Mark A. Smith remains optimistic about future demand for copper products in various sectors.