TMK eyeing flat start to year after fall in 2012

Mar 07, 2013 | 12:25 PM | Thorsten Schier

Tags  TMK, earnings results, oil country tubular goods, OCTG, TMK Ipsco, Thorsten Schier

NEW YORK — OAO TMK expects its first-quarter results to mirror weak fourth-quarter numbers, partly due to a challenging U.S. drilling environment, the company said.

TMK, parent of Downers Grove, Ill.-based tube and pipe maker TMK Ipsco, recorded 2012 net income of $282.1 million, down 26.7 percent from $384.7 million the previous year, on revenue that fell nearly 1 percent to $6.69 billion. ....

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