Boucherville, Quebec-based steel fabricator Canam Group recorded a net income of $7.4 million for Q2 2013, compared with a net income of $4.5 million for the corresponding quarter in 2012. Consolidated sales for Q2 2013 increased by 8.7 percent to $251.9 million compared with $231.7 million for the year-earlier period.
For the first six months of 2013, net income totaled $10.4 million, compared with a net income of $3.2 million, for the corresponding period in 2012. Consolidated sales for the first six months of the year totaled $461.6 million compared to $440 million during the same period in 2012.
The increase in sales recorded in the second quarter is mainly attributable to light structural steel activities in the United States. The corporation's three groups of products and services (buildings, structural steel and bridges) each saw an improvement in their profit margins.
As at June 30, 2013, the backlog of orders stood at $619 million compared to $575 million as at March 30, 2013 and $503 million at the end of Q2 2012.