Stelco reports earnings down 74% in Q3 due to lower steel prices, inflation

  • 📰 SooToday
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 85%

Business News News

Business Business Latest News,Business Business Headlines

Company says its revenue decrease was primarily due to a 36 per cent decline in average selling price per net ton

HAMILTON — Stelco Holdings Inc. says its net earnings for the third quarter ended Sept. 30 were down by almost 74 per cent year-over-year to $158 million, or $2.33 per diluted share.

The company’s revenue was $217 million for the quarter, down 38 per cent from last year and down 18 per cent from the second quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stelco reports earnings down 74% in Q3 due to lower steel prices, inflation - BNN BloombergStelco Holdings says its net earnings for the third quarter ended Sept. 30 were down by almost 74 per cent year-over-year to $158 million, or $2.33 per diluted share.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Style Q&A: Vancouver-based hat company shines spotlight on mental healthLike most entrepreneurs, Ben Miller\u0027s goal is for everyone in the world to own a product from his brand, WIRTH Hats.
Source: calgarysun - 🏆 63. / 52 Read more »

Style Q&A: Vancouver-based hat company shines spotlight on mental healthLike most entrepreneurs, Ben Miller\u0027s goal is for everyone in the world to own a product from his brand, WIRTH Hats. So does the alphabet mafia.
Source: OttawaCitizen - 🏆 21. / 68 Read more »

Our Time: Local company raises awareness about gut health
Source: NTVNewsNL - 🏆 54. / 59 Read more »