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.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results