Strong construction mart boosts Chaparral's quarterly net income

Dec 21, 2005 | 02:37 PM |

Chaparral Steel Co., Midlothian, Texas, citing a strong market for non-residential construction, posted record earnings for its fiscal second quarter ended Nov. 30.

Chaparral's net income rose 61.8 percent to $34 million during the quarter on sales that gained 39.7 percent to $348.1 million vs. the comparable period last year.

Chaparral also posted record operating income of $59.5 million in the quarter, 34.3 percent higher than the operating income of $44.3 million in the year-earlier quarter.....

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