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IPSCO reports record sales, earnings.

Publication: Metal Center News
Publication Date: 01-MAR-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: IPSCO reports record sales, earnings.(METAL INDUSTRY NEWS)(Financial report)

Article Excerpt
IPSCO INC., Lisle, Ill., announced record net income in 2006 of $643.1 million, up 9.8 percent compared to $585.8 million in 2005. Company officials attribute the increased earnings to record sales volumes and higher average selling prices, partially offset by higher costs of production and administration.

IPSCO's sales increased 24 percent in 2006 to $3.78 billion compared to $3.03 billion in 2005. Shipment volumes increased 18 percent to nearly 4.1 million tons, while the average...

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