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Business in the Burbs

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WHX swings to loss in 2Q

August
20

WHX Corp., a White Plains maker of industrial products, swung to a net loss of $4.1 million during the second quarter as the company coped with slower sales in a weak global economy. A year earlier, the company had reported net income of $5.3 million.

The recession “had a material adverse effect on almost all of our businesses during the first half of 2009, driving sales down by over 25 percent from the first half of 2008,” Chief Executive Officer Glen Kassan said.

Net sales fell to $141.4 million during the second quarter from $197 million a year earlier.

This entry was posted on Thursday, August 20th, 2009 at 12:42 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Earnings

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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