IPSCO Sets Sales Record; Raises $60K For Ivan Victims
IPSCO Inc. announced a third quarter sales record of $641.9 million, up 92% over the same period last year. Sales through nine months of 2004 were $1.7 billion, an increase of 83% over the same period of 2003. Net income was $242.2 million through nine months, compared with a net loss of $5.2 million in the same period a year before.
“IPSCO's strong operating results are being driven by demand in North America for plate steel and for oil and gas tubular products,” said President and CEO David Sutherland. “This appears to be an industry-wide reality.”