Record tubular sales volumes fail to prevent dip in 3d-qtr. Ipsco profit

Oct 25, 2005 | 12:36 PM |

While record sales of energy-related tubular products helped Ipsco Inc., Lisle, Ill., post a nearly 10-percent increase in third-quarter revenue, it failed to prop up earnings.

IPSCO INC.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$705,165$641,863Net income$133,585$144,477Per share2.772.769 months ended Sept. 30Net sales$666,712$2,177,874Net income$126,402$414,315Per share2.568.41Ipsco's net income fell 7.5 percent to $133.6 million on sales of $705.2 million compared with net income of $144.5 million on sales of $641.9 million in the same period last year.....

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