NA Galvanizing profit slides despite sales gain

Nov 02, 2005 | 09:20 AM |

North American Galvanizing & Coatings Inc. saw third-quarter net income slide 21.8 percent to $179,000 from $229,000 in the same period last year despite a 35.7-percent increase in sales to $12.7 million as margins suffered from rising zinc and natural gas prices.

NORTH AMERICAN GALVANIZING & COATINGS INC.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$12,687$9,348Net income$179$229Per share0.020.039 months ended Sept. 30Net sales$34,768$27,239Net income$390$545Per share0.050.07The Tulsa, Okla.,-based company said the higher costs resulted in decreases in gross profit margins, which fell 3.1 percent in the third quarter and 2.9....

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