Shiloh posts second quarter, semiannual results for 2005

Shiloh posts second quarter, semiannual results for 2005

Shiloh Industries, Inc. published its results for the second quarter and the first half of fiscal 2005. A manufacturer of engineered welded blanks, first operation blanks, complex stampings and modular assemblies for the automotive and heavy truck industries, Shiloh reported sales of $166.8 million for the second quarter ended April 30, 2005, down 7.2% year on year. Net income for the second quarter was $8.5 million, a slight increase from the previous year’s $8.4 million. Overall, first-half sales for 2005 were $318.3 million, down from $320.7 million during the previous year's corresponding fiscal period. Despite the reduced sales volume, net income for the first half of 2005 is up $3.2 million year on year, to $13.2 million.