Alloy Steel International, Inc. reported unaudited consolidated earnings results for second quarter and six months ended March 31, 2013. For the quarter, the company's total sales were $5.34 million against $9.39 million in the quarter ended March 31, 2012. Sales were 43% lower than the second quarter of fiscal 2012. The decrease in sales is attributed to lower demand compared to its record in the second quarter of fiscal 2012. Income before tax for the quarter was $0.94 million or $0.05 per common share, compared with income before tax of $2.25 million or $0.13 per common share for the same period a year ago. Net income attributable to stockholders was $0.66 million, or $0.038 per basic and diluted share, compared to $1.50 million, or $0.087 per basic and diluted share, for the same period a year ago. Profit from operations was $0.95 million compared with $2.4 million a year ago.

For the six months, the company's sales were $11.93 million compared with $16.99 million a year ago. Profit from operations was $2.3 million compared with $3.2 million a year ago. Income before income tax was $2.3 million compared with $3.0 million a year ago. Net income attributable to stockholders was $1.5 million, or $0.088 per basic and diluted share, compared to $2.1 million, or $0.121 per basic and diluted share, for the same period a year ago.