Business in the Burbs

WHX Corp. in Rye reports narrower first-quarter loss

May

WHX Corp. reported today it narrowed its loss to $6.2 million in the first quarter, less than the $8.5 million that the Rye-based company reported in the year-ago period. On a per-share basis, WHX reported it lost 62 cents compared with 85 cents in the year-ago quarter.

WHX said revenue rose 50.5 percent to $177.3 million in the three months that ended March 31, up from $117.8 million for the comparable period last year.

WHX is a holding company that invests in and manages a diverse group of businesses. Its holdings include Handy & Harman, a manufacturer whose products include fabricated precious metals, tubing and engineered materials. Shares of the company, traded over the counter, fell 10 cents in trading today, to $1.25 each.

This entry was posted on Friday, May 16th, 2008 at 5:05 pm by David Schepp. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Earnings season

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