FormerXBC Inc XEBEQ

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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

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FormerXBC Inc > So this is the main issue on the Earnings Number

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Comment by Ciaoon Nov 11, 2021 8:13am

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Post# 34113910

RE:So this is the main issue on the Earnings Number

savyinvestor333 wrote:

Other gains and losses of $7.0 million for the nine-month period ended September 30, 2021 compared to $0.9 million for the same nine months of 2020. The increase is mainly due to a one-time payment arising from the prior departure of employees, legal costs and integration and M&A costs.

Wonder how much of that went to Prabhu. A one time cost

I recall he had stock options so don't know if that goes into play here along with any negotiated severance. Good question to have answered on the call to get the color behind the numbers.