Commonwealth's operations in line for a profitable 3d qtr.
Oct 29, 2004 | 07:15 AM
| Paul Schaffer
Rolling mill group Commonwealth Industries Inc. said it expects to have a profitable third quarter for its continuing operations.
The announcement included per-share figures that put the anticipated net income at about $2.4 million on sales of $309 million for the Louisville, Ky.,-based company.
The sales projection is up by 39 percent from the year-earlier quarter, while aluminum shipping volumes are seen up by 30 percent.Except for the expected costs of merging into Aleris International Inc. and other special charges and credits, the anticipated net income would be $4 million for the quarter, according to the company.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.