Reports Q3 (Jul) earnings of $0.25 per share, excluding a $1.2 million restructuring charge related to severance and plant closings, $0.14 better than the First Call consensus of $0.11; revenues rose 6.1% year/year to $238.4 mln vs the $263.1 mln consensus. "We are pleased to have achieved profitability in the third quarter; while fourth quarter operating results will reflect our significantly reduced cost structure, they will be affected by revenue levels, product mix and sequential steel price trends, which are difficult to predict at this time."
Reports Q3 (Jul) earnings of $0.25 per share, excluding a $1.2 million restructuring charge related to severance and plant closings, $0.14 better than the First Call consensus of $0.11; revenues rose 6.1% year/year to $238.4 mln vs the $263.1 mln consensus. "We are pleased to have achieved profitability in the third quarter; while fourth quarter operating results will reflect our significantly reduced cost structure, they will be affected by revenue levels, product mix and sequential steel price trends, which are difficult to predict at this time."