Coeur D’Alenes Co. Earnings Jump 64%
Earnings at The Coeur d’Alenes Co. improved in the three months ended June 25, the Spokane steel fabricator announced Thursday.
Net income climbed 64 percent compared with the same period a year ago. At $139,871, the results boosted per-share returns to three cents from two cents, with almost 1 million additional shares outstanding.
Revenues increased to $3.4 million from $2.9 million.
For the nine-month period, Revenues were $9.3 million, vs. $8.8 million a year ago.
Net income dropped to $172,554 from $206,940, or to three cents per share from five cents.
President Jim Coulson said the somewhat weaker performance is due in part to disruptions attributable to construction of the company’s new building at 3900 E. Broadway.
Construction is complete, he said, but installation of fabrication and processing equipment will take several more weeks.