Steel Technologies Inc., Louisville, has announced that it expects results for the second fiscal quarter to reflect continued significant increases in sales throughout its operations.
For the three months ended March 31, 2005, Steel Technologies expects to report sales of approximately $280 million. Tons shipped for the second quarter are expected to total approximately 320,000 tons. As a result, the company expects to report record earnings of approximately $1.08 per diluted share for the second quarter ended March 31, 2005.
The second quarter results will include an income tax benefit of approximately $0.06 per diluted share, reflecting changes in tax laws effective Jan. 1, 2005, for Steel Technologies’ Mexican operations. Steel Technologies plans to release final second quarter results on April 19, 2005.
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