Shiloh reverses course, nets $3.9M for year as sales jump
Dec 22, 2010 | 03:15 AM
| Corinna Petry
Automotive steel blank producer Shiloh Industries Inc. ended its fiscal year back in the black as sales rose 69.7 percent.
Net income totaled nearly $3.9 million for the fiscal year ended Oct. 31, a substantial turnaround from the $17.8-million net loss it sustained in fiscal 2009. Sales for the period rose to $457.3 million from $269.4 million in the same comparison.
The Valley City, Ohio-based company achieved several milestones during the fiscal year, according to Theodore K. Zampetis, Shiloh's president and chief executive officer.....
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