Customer outages drive down TMS sales, earnings

Aug 01, 2013 | 02:49 PM | Lisa Gordon

Tags  scrap metal, mill services, TMS International, Tube City IMS, Raymond Kalouche, Lisa Gordon

PITTSBURGH — TMS International Corp.’s second-quarter revenue and earnings were driven lower by outages at domestic steel customers.

The Pittsburgh-based parent company of Tube City IMS LLC posted net income of $8.23 million in the three months ended June 30, down 15.3 percent from $9.71 million in the same period last year on revenue that fell 5.7 percent to $631.42 million.....

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