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AK Steel
AK Steel Reports Net Income of $145.2 Million for the Second Quarter of 2008
August 8th, 2008
AK Steel (NYSE:AKS) reported net income of $145.2 million, or $1.29 per diluted share of common stock, for the second quarter of 2008, compared to net income of $109.9 million, or $0.98 per diluted share, for the second quarter of 2007. Net sales for the second quarter of 2008 were a record $2,236.6 million on shipments of 1,737,800 tons, also a record, compared to sales of $1,869.5 million on shipments of 1,711,400 tons for the year-ago quarter. The company said its average selling price for the second quarter of 2008 was a record $1,287 per ton, a 13% increase over the $1,135 per-ton mark set in the first quarter of 2008, and about 18% higher than the $1,092 per-ton...
Source: Health Business Week (2008-08-08)
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