NEW YORK Handy & Harman Ltd.s
tubing division saw its first-quarter operating earnings rise
from a year earlier even though sales fell.
The tubing segment generated
operating earnings of $3.81 million in the three months ended
March 31, up 7.5 percent from $3.55 million in the same period
last year, while sales slid 3.5 percent to $24.89 million from
The White Plains, N.Y.-based
companys overall net income jumped 57.2 percent to nearly
$8.02 million from $5.1 million a year earlier on sales that
inched up 1.4 percent to $158.89 million.
Handy & Harman expects net sales to increase to between
$174 and $211 million in the second quarter, while full-year
sales are expected to be in a range of $640 million to $783
million, the company said in its first-quarter earnings