Alloy Steel International, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, total sales were $6,590,943 against $7,590,629 million a year ago. Profit from operations was $1,373,670 against $843,820 a year ago.

Income before income tax expenses was $1,363,498 against $773,957 a year ago. Net income attributable to stockholders was $857,200 or $0.05 per basic and diluted common share compared to $581,460 or $0.03 per basic and diluted common share a year ago. The decrease in sales is attributed to lower demand compared to record first quarter of 2012.