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Monday, August 11, 2008 9:36:44 PM
ALJ Announces 3rd Quarter Earnings
Monday August 11, 8:32 pm ET
ASHLAND, KY.--(BUSINESS WIRE)--For the three months ended June 30, 2008, ALJ (Pink Sheets: ALJJ - News) posted net income of $2,737,155 as compared to net income of $1,596,967 for the three months ended June 30, 2007. ALJ is the parent company of KES Acquisition Company dba Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Kentucky producing both merchant bar quality flats (MBQ Bar Flats), and special bar quality steel flats (SBQ Bar Flats).
ALJ Regional Holdings, Inc.
( in thousands except per share )
According to John Scheel, ALJ’s Chief Executive Officer, “The third quarter of fiscal 2008 was similar to the third quarter of 2007 for sales volume and stronger for selling price and, therefore, net revenue and margin. Sales revenue for the nine month period ended June 30 increased from $111,316,923 in 2007 to $133,396,838 in 2008. Income from operations for the nine month period increased from $8,759,367 to $12,212,716 and the net income for the nine-month periods was $16,249,154 and $9,539,990 for 2007 and 2008, respectively. The 2007 net income included a one-time gain as a result of the repurchase of debt in conjunction with our new financing agreement.”
Full financial reports are available at www.pinksheets.com.
Contact:
ALJ Regional Holdings, Inc.
Jess Ravich, 310-312-5605
Source: ALJ Regional Holdings, Inc.
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
Monday August 11, 8:32 pm ET
ASHLAND, KY.--(BUSINESS WIRE)--For the three months ended June 30, 2008, ALJ (Pink Sheets: ALJJ - News) posted net income of $2,737,155 as compared to net income of $1,596,967 for the three months ended June 30, 2007. ALJ is the parent company of KES Acquisition Company dba Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Kentucky producing both merchant bar quality flats (MBQ Bar Flats), and special bar quality steel flats (SBQ Bar Flats).
ALJ Regional Holdings, Inc.
( in thousands except per share )
2008 2007
3 months Ended June 30
Net Sales $ 51,063 $37,507
Net Income 2,737 1,597
Per share 0.06 0.04
According to John Scheel, ALJ’s Chief Executive Officer, “The third quarter of fiscal 2008 was similar to the third quarter of 2007 for sales volume and stronger for selling price and, therefore, net revenue and margin. Sales revenue for the nine month period ended June 30 increased from $111,316,923 in 2007 to $133,396,838 in 2008. Income from operations for the nine month period increased from $8,759,367 to $12,212,716 and the net income for the nine-month periods was $16,249,154 and $9,539,990 for 2007 and 2008, respectively. The 2007 net income included a one-time gain as a result of the repurchase of debt in conjunction with our new financing agreement.”
Full financial reports are available at www.pinksheets.com.
Contact:
ALJ Regional Holdings, Inc.
Jess Ravich, 310-312-5605
Source: ALJ Regional Holdings, Inc.
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
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