W-P posts $21M loss, issues warning on debt
Nov 08, 2005 | 02:02 PM
|
Lower steel prices and rising raw material costs combined to spill more than $21.1 million worth of red ink on the third-quarter books of Wheeling-Pittsburgh Corp., the holding company that owns Wheeling-Pittsburgh Steel Corp. Wheeling, W.Va.
WHEELING-PITTSBURGH CORP.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$374,891$401,800Net income (loss)(21,147)35,534Per share—3.429 months ended Sept. 30Net sales$1,189,636$1,032,127Net income (loss)(10,420)55,852Per share—5.62A year earlier, the company rode the rising tide of strong steel prices to post net income of more than $35.5 million.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here