Klöckner swings to Q2 loss, sees '24 sales decline on weak steel tags
Klöckner & Co. swung to a loss in the second quarter on-year, as the company expects a slip in sales for full-year 2024 because of the drop in steel prices.
Tag: Klockner
Klöckner Plans to Expand US Fabrication Business, Buys Fabricator IMS
Klöckner & Co. said it has agreed to acquire South Carolina-based fabricator Industrial Manufacturing Services (IMS) through US subsidiary Kloeckner Metals Corp.(KMC).
Klöckner & Co. Leverages Strengths in Tough Times
Klöckner & Co. reported a positive cash flow in its latest earnings release. Despite a tough economic climate, it is leaning on its strengths to weather a moderately unfavorable outlook.
Kloeckner Expands with Purchase of National Material of Mexico
Kloeckner Metals Corp. has completed the acquisition of National Material of Mexico.
2019 SMU Steel Summit Conference Registration Now Open
We have opened registration for the 2019 SMU Steel Summit Conference, which will be at the Georgia International Convention Center in Atlanta on Aug. 28-30, 2019. We anticipate that 1,000 executives from the manufacturers, service centers, steel mills, trading companies, fabricators, toll processors and others associated with these industries will be in attendance. “I have […]
Good Second Quarter for Kloeckner
Kloeckner Metals Corp., Roswell, Ga., reported a solid second quarter due largely to more favorable steel pricing in the U.S. Asked about the status of the Section 232 investigation during the second-quarter earnings call, Kloeckner CEO Bill Partalis said it’s unclear if or when President Trump will act on possible new tariffs on steel imports. […]
Kloeckner Metals Corp Earnings
Kloeckner Metals Corp, the Americas segment of Klockner & Co., posted EBITDA of €19 million ($21 million) for fourth quarter 2014, as compared to €2 million ($2.2 million) year over year. Sales for fourth quarter were €604 million, down from third quarter €634 million ($665 million) but up 16.3 percent y/y. Shipments in fourth quarter […]
Kloeckner Metals Earnings
Kloeckner Metals Corporation, the Americas segment of Klockner & Co. SE, had shipments of 733,000 tonnes (807,989 tons) in third quarter 2014, up 2.6 percent year over year due to favorable market development. Shipments were even with second quarter results. Sales were €634 million ($7.9 million), compared to €608 million ($7.5 million) in Q2 and […]
Klockner Expects Kloeckner Metals in U.S. to Boost Corporate Profitability
Written by: Sandy Williams Klockner and Co. is undergoing a major restructuring program to shrink its European line to a profitable core by eliminating 60 sites, 40 of which have already been sold or closed. Klockner EBITDA before restructuring was €139 million in 2012 (down from €227 million in 2011) and €62 million after restructuring. […]