Alloy Steel International Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2012
For the nine months, the company reported sales of $22,097,973 against $14,509,636 a year ago. This growth in sales is indicative of increased investment in Arcoplate applications from the Australian iron ore sector. Profit from operations was $4,864,186 or $0.27 per share against $2,378,137 or $0.12 per share a year ago. Income before income tax benefit was $4,725,094 against $2,231,407 a year ago. Net income was $3,208,538 against $1,784,497 a year ago. Net income attributable to stockholders was $3,210,329 against $1,796,863 a year ago. Basic and diluted income per common share was $0.19 against $0.10 for the same period a year ago.