Material Sciences Corp. (MASC) reported net income for the second quarter of $3.3 million or $0.31 per share, compared to $3.0 million or $0.26 per share for the year-ago quarter.
On August 31, Material Sciences sold the Elk Grove Village Plant #7 non-operating facility to Torburn Partners, Inc. for cash. The net proceeds from the asset sale were $9.2 million, generating a gain on sale of $3.2 million.
Excluding items, adjusted net income for the second quarter was $1.3 million or $0.12 per share, compared to $2.2 million or $0.19 per share in the prior year quarter.
Net sales for the second quarter fell 13% to $29.9 million versus $34.4 million for the same quarter last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.