ALJ Releases First Quarter Revenue Performance

ASHLAND, Ky.--(EON: Enhanced Online News)--For the three months ended December 31, 2011, ALJ (Pink Sheets: ALJJ) posted revenue of $38.9 million as compared to revenue of $32.7 million for the three months ended December 31, 2010. ALJ is the parent company of KES Acquisition Company dba Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Kentucky.

“the revenue improvement for the first quarter was pretty much driven by the high prices for scrap which translated into higher product selling prices. Overall, shipments were up about 2.1%, as we operated at about 66% of capacity, and selling prices were up about 15.4%.”

According to John Scheel, ALJ’s Chief Executive Officer, “the revenue improvement for the first quarter was pretty much driven by the high prices for scrap which translated into higher product selling prices. Overall, shipments were up about 2.1%, as we operated at about 66% of capacity, and selling prices were up about 15.4%.”