United-Guardian said income and revenue dropped, as sales fell in China, in an example of ways that global markets can affect Long Island-based businesses.
United-Guardian is a Hauppauge-based manufacturer of cosmetic ingredients, personal and health care products, pharmaceuticals, and specialty industrial products.
The company said second quarter net income slipped from $1.4 million to $1.1 million as sales fell 16 percent from $3.9 million to $3.3 million due to “reduced sales of the company’s products in China.”
United-Guardian President Ken Globus cited “ the decrease in demand in China for one of the consumer products in which our products are being used, sales in China this year have been slower than they were last year.”
He said that United-Guardian is “working closely with our marketing partner in China to be more aggressive with our pricing,”
Globus hopes that will let the company be as “competitive as possible in China despite the current tariff war and the recent devaluation of the Chinese yuan.”
United-Guardian is a manufacturer of cosmetic ingredients, personal and health care products, pharmaceuticals, and specialty industrial products.