Republic Engineered reports Q1 financial results

Republic Engineered reports Q1 financial results

Ohio based specialty bar quality (SBQ) steel producer Republic Engineered has recently announced financial results of first quarter, ended on March 31, 2004. According to the report, net income of the company is recorded as $5.7 million. Revenue and the operating income of the company are recorded as $246.1 million and $14 million respectively. As previously reported by SteelOrbis, Republic Engineered Products was established in December 2003 with the completion of Perry Strategic Capital Inc.'s purchase of all assets of Republic Engineered Products LLC for $277.5 million.