Atkore’s pipe and tube sales increase in Q2
Tags: pipe , tubing , tubular , USA , North America , fin. Reports , manufacturing , steelmaking | similar articles »
Harvey, Illinois-based Atkore International Holdings Inc., a global manufacturer of fabricated steel tube and pipe products, announced Friday that net sales for its pipe, tube and conduit segment increased $14 million to $279 million for the three months ended March 30, 2012 (Q2). The increase was attributable to higher sales volume and higher average selling prices in North America. The gradually improving non-residential construction market in North America contributed to higher volumes, up 6 percent from the three months ended March 25, 2011. For the six months ended March 30, 2012, net sales increased $23 million from the combined results for the six months ended March 25, 2011, to $515 million, due primarily to higher sales volume and average selling prices in North America.
However, operating income in Q2 fell by $4 million to $17 million as a result of the unfavorable impact from higher average raw material steel costs in North America, which were partly offset by higher average selling prices and sales volume.
The company as a whole reported that net sales increased $35 million in Q2, to $437 million, as a result of the higher volumes from North American steel pipe, tube and conduit, and cable products.