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BRIEF-Stelco Holdings Inc Q3 Steel Shipping Volumes 586,000 Net Tons, Up 43 Pct

Published 2018-11-13, 05:53 p/m
Updated 2018-11-13, 06:00 p/m
© Reuters.  BRIEF-Stelco Holdings Inc Q3 Steel Shipping Volumes 586,000 Net Tons, Up 43 Pct

Nov 13 (Reuters) - Stelco Holdings Inc STLC.TO :

* STELCO REPORTS STRONG THIRD QUARTER 2018 RESULTS

* STELCO HOLDINGS INC - Q3 2018 REVENUE INCREASED BY $283 MILLION, OR 84%, FROM REVENUE OF $336 MILLION IN Q3 2017

* STELCO HOLDINGS INC - Q3 2018 STEEL SHIPPING VOLUMES OF 586,000 NET TONS, UP 43% COMPARED TO Q3 2017

* STELCO HOLDINGS INC - IN Q4, EXPECTING A "SIGNIFICANT" INCREASE IN SHIPMENTS, STABLE PRICING AND HIGHER EARNINGS

* STELCO HOLDINGS INC - HAS APPROVED A SHARE REPURCHASE PROGRAM (NORMAL COURSE ISSUER BID) OF UP TO 4.4 MILLION SHARES

* STELCO HOLDINGS INC - AVERAGE SELLING PRICE INCREASED FROM $793/NT IN Q3 2017 TO $980/NT IN Q3 2018

* STELCO HOLDINGS INC - QTRLY REVENUE FROM SALE OF GOODS $619 MILLION VERSUS $336 MILLION

* STELCO HOLDINGS INC - NET INCOME FOR QUARTER WAS $123 MILLION, UP FROM A NET LOSS OF $13 MILLION IN Q3 OF 2017

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