Edgen logs net loss, withdraws guidance
May 14, 2013 | 01:50 PM
| Thorsten Schier
NEW YORK Edgen Group Inc. has withdrawn its previously issued guidance for 2013 as it posted a first-quarter net loss of nearly $5.39 million on sales that fell 19.7 percent to $406.1 million.
"The near-term prospects of our energy and infrastructure (E&I) business are being affected by the steel pricing environment and delays in contract awards and customer purchasing decisions," chairman and chief executive officer Dan OLeary said in a statement.....
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