Alloy Steel International, Inc. reported large year-over-year increases in revenues and pre-tax income for the fourth quarter of fiscal 2010 as well as the full year. The company attributed the improvements to strong demand for the company’s products.
Alloy Steel International, Inc. reported revenues of $8.8 million in the quarter ending September 30, 2010, compared to revenues of $4.2 million in the same period of 2009. The company’s revenues for fiscal 2010 came in at $24.5 million, triple the $8.8 million in revenues reported in 2009.
Alloy Steel International, Inc. reported pretax income of $2.7 million, or $0.16 per common share, in the fourth quarter of 2010, compared with pretax income of $0.5 million, or $0.03 per common share, in the corresponding period of 2009.
In fiscal 2010, Alloy Steel International, Inc. reported pretax income of $7.3 million, or $0.42 per common share. The company reported pretax income of only $60,000 in fiscal 2009.
Alloy Steel International, Inc. said that the company started up a second mill to manufacture its Arcoplate product in fiscal 2009. The company recently increased the efficiency of this mill, which allowed a substantial increase in productive capacity.
For more information on the company, go to www.alloysteel.net