Acquisition propels Shiloh to higher earnings, sales

Dec 20, 2013 | 05:31 PM | Corinna Petry

Tags  Shiloh Industries, earnings report, welded steel blanks, Ramzi Hermiz, Tom Dugan, Corinna Petry

CHICAGO — Shiloh Industries Inc. generated higher earnings and sales and in its fiscal fourth quarter due in part to the rapid integration of aluminum die casting assets.

The Valley City, Ohio-based metal processor posted net income of $6.5 million for the three months ended Oct. 31, up 80.6 percent from $3.6 million in the same period a year earlier, on sales that increased 38.8 percent to $206.6 million. Net income for the fiscal year jumped 59.5 percent to $21.57 million from $13.53 million the previous year on sales that increased 19.5 percent to a record $700.19 million.....

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