Maverick's quarterly net slips despite boost in energy sales

Oct 25, 2005 | 12:37 PM |

Maverick Tube Corp.'s third-quarter earnings slumped 42.9 percent despite higher sales, particularly to energy markets.

MAVERICK TUBE CORP.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$489,137$353,722Net income$39,156$68,533Per share0.901.609 months ended Sept. 30Net sales$1,300,583$926,305Net income$109,049$155,271Per share2.513.64The St. Louis-based producer of tubular products posted net income of $39.2 million on sales of $489.1 million vs. third-quarter 2004 earnings of $68.5 million on revenue of $353.7 million.....

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