GREENVILLE, S.C.—Composite and urethanes manufacturer JPS Industries Inc. reported a gross profit of $33.6 million for last year, an increase of 22 percent from 2012.
The company's net sales also saw an increase on 2012—at $202 million, the figure was 28 percent higher than the previous year.
Mikel Williams, president and CEO of JPS, said: "I am pleased with the performance of the company for 2013. We registered solid improvements in both of our operating divisions.
"Our composite materials business experienced strong gains in most all of our product sets. Our ballistics products in particular demonstrated marked improvements, more than doubling over the prior year.
"Going forward, we will continue to focus on operational excellence in all we do for our customers, while also working to drive our financial profitability and returns for our shareholders," Williams said.