Empire Resources (ERS) Reports Q2 EPS of $0.07
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Empire Resources Reports Results for Second Quarter of 2016
August 15, 2016 8:30 AM EDTFORT LEE, N.J., Aug. 15, 2016 /PRNewswire/ -- Empire Resources, Inc. (NASDAQ: ERS), a distributor of value added, semi-finished metal products, announced today that net sales for the second quarter of 2016 were $122.5 million, compared with $134.5 million in the second quarter of 2015Â a decrease of 8.9% from the second quarter of 2015, comprised of declines in sales across all regions except Europe.Â
Gross profit for the second quarter of 2016 was $5.9 million, or 4.8% of sales, compared with $5.7 million, or 4.2% of sales, in the second quarter of 2015. Reduced inventories, storage costs as well as softer... More
