Keystone profits narrow in 3d quarter
Nov 15, 2012 | 05:26 PM
| Michael Cowden
Tags
Keystone Consolidated,
Keystone Steel & Wire,
earnings,
third quarter,
pension plan,
steel,
Michael Cowden
CHICAGO — Keystone Consolidated Industries Inc. saw profits narrow in the third quarter as a $3.4-million-lower defined benefit pension credit took a bite out of results.
The Dallas-based parent of Peoria, Ill., wire rod and fabricated wire products manufacturer Keystone Steel & Wire Co. also said margins between selling prices and ferrous scrap costs were squeezed, while necessary investments for a....
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