Commonwealth's profits dip to $2.1M, shipments up 30%
Nov 08, 2004 | 11:14 AM
|
Commonwealth Industries Inc. returned to profitability in the third quarter, with income from continuing operations off 7.3 percent to $2.6 million from $2.8 million in the year-earlier quarter.
The aluminum sheet producer, due to become part of Aleris International Inc. when it merges with Imco Recycling Inc., posted a steeper 27.5-percent decline in net income to $2.1 million.
Excluding restructuring and merger charges of $5.2 million and a gain of $3.7 million from aluminum hedges, the company said its income from continuing operations would have been 25 cents per share.....
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