Acquisition propels Shiloh to higher earnings, sales
Dec 20, 2013 | 05:31 PM
| 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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