Shiloh Industries posts higher earnings, sales

Aug 29, 2013 | 03:50 PM | Corinna Petry

Tags  Shiloh Industries, earnings report, acquisitions, Ramzi Hermiz, Contech Castings, Albany-Chicago, Atlantic Tool & Die-Alabama, Corinna Petry

CHICAGO — Shiloh Industries Inc.’s earnings more than doubled in its fiscal third quarter thanks in large part to acquisitions and organic growth as it launches new products and wins new platform business from automakers.

The Valley City, Ohio-based metal processor posted net income of nearly $5.3 million for the three months ended July 31, up from $2.4 million in the same period last year on sales that increased 16.9 percent to $166.06 million. Net income for the first nine months of its fiscal year jumped 52.7 percent to more than $15.1 million....

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