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SteelNews.com is a publication created by the Association for Iron and Steel Technology (AIST) for the steel community. We are the leading source for technological and innovative news on the people, producers and suppliers in the North American and international steel communities.

 

KENTUCKY ELECTRIC STEEL HEADLINES

Steel Producers / Kentucky Electric Steel
Latest News:
ALJ Announces 2011 Revenues; Refinancing and Expansion of Senior Financing
Oct. 7, 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $45.9 million for the fourth quarter and revenues of $162.1 million for the 2011 fiscal year. The company also announced the refinancing and increase of the senior financing agreement of Kentucky Electric Steel.
ALJ Reports Third Quarter Results
Aug. 16, 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported net income of $2.5 million on revenue of $43.2 million for the third quarter and net income of $5.5 million on revenue of $116.1 million for the nine months ended June 30, 2011.
ALJ Releases Third Quarter 2011 Revenue Performance
Jul. 11, 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $43.3 million the third quarter and revenues of $116.2 million for the nine months ended June 30, 2011.
ALJ Announces 2nd Quarter Earnings
May 17, 2011 - ALJ, the parent company of Kentucky Electric Steel, reported net income of $2,289,928 on net sales of $40.29 million for the second quarter, and net income of $2,952,438 on net sales of $72.97 million for the six months ended March 31, 2011.
ALJ Releases Second Quarter Revenue Performance
Apr. 8, 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $40.3 million for the second quarter and revenue of $73.0 million for the six months ended March 31, 2011.
ALJ Announces 1st Quarter Earnings, Repurchase of Preferred Shares
Feb. 16, 2011 - ALJ, the parent company of Kentucky Electric Steel, reported net income of $662,510 on net sales of $32.674 million for the fiscal first quarter ended December 31, 2010.
ALJ Releases First Quarter Revenue Performance
Jan. 4, 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $32.7 million for the fiscal first quarter ended December 31, 2010.
ALJ Announces Results for Fiscal Year 2010
Jan. 3, 2011 - ALJ Regional Holdings, Inc., the parent company of Kentucky Electric Steel, posted net income of $472,000 on net sales of $32.37 million for the fourth quarter, and net income of $5.69 million on net sales of $112.83 million for the fiscal year ended September 30, 2010.
ALJ Announces 3rd Quarter Earnings
Aug. 18, 2010 - ALJ, the parent company of Kentucky Electric, reported net income of $4.49 million on net sales of $30.97 million for the third quarter, and net income of $5.22 million on net sales of $80.45 million for the nine months ended June 30, 2010.
ALJ Releases 3rd Quarter Revenue Performance
Jul. 21, 2010 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $31.0 million for the third quarter and revenues of $80.5 million for the nine months ended June 30, 2010.
ALJ Announces 2nd Quarter Earnings
May 17, 2010 - ALJ, the parent company of Kentucky Electric, reported net income of $725,759 on net sales of $49.49 million for the six months ended March 31, 2010.
ALJ Announces 1st Quarter Earnings
Feb. 18, 2010 - ALJ, the parent company of Kentucky Electric, reports a net loss of $153,106 on net sales of $21.03 million for the three months ended December 31, 2009.
ALJ Announces Results for Fiscal Year 2009
Jan. 4, 2010 - ALJ Regional Holdings, Inc., the parent company of Kentucky Electric Steel, posted net income of $1.118 million for the fiscal fourth quarter, and net income of $53,161 for the fiscal year ended September 30, 2009.
ALJ Releases 2009 Annual Revenue Results
Oct. 7, 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenue of $24.5 million for the fourth quarter, and revenue of $110.2 million for the fiscal year ended September 30, 2009.
ALJ Announces 3rd Quarter Earnings
Aug. 17, 2009 - ALJ, the parent company of Kentucky Electric, reports a net loss of $934,192 on net sales of $19.381 million for the third quarter, and a net loss of $1.065 million on net sales of $85.779 million for the nine months ended June 30, 2009.
ALJ Announces Modifications to KES Senior and Subordinated Debt Terms
Jul. 23, 2009 - ALJ Regional Holdings operating subsidiary KES Acquisition amends terms of its senior credit facility and the junior indebtedness evidenced by its 8% subordinated secured notes.
ALJ Releases 2nd Quarter Revenue Performance
Jul. 10, 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $19.4 million for the quarter and revenues of $85.9 million for the nine months ended June 30, 2009.
ALJ Announces 2nd Quarter Earnings
May 18, 2009 - ALJ, the parent company of Kentucky Electric Steel, reports a net loss of $130,684 on net sales of $66.4 million for the six months ended March 31, 2009.
ALJ Releases 2nd Quarter Revenue Performance
Apr. 9, 2009 - ALJ, the parent company of Kentucky Electric Steel, reports revenue of $26.5 million for the second quarter, and revenue of $66.5 million for the six months ended March 31, 2009.
ALJ Announces 1st Quarter Earnings
Feb. 17, 2009 - ALJ, the parent company of Kentucky Electric Steel, reports a net loss of $198,431 on net sales of $39.96 million for the three months ended December 31, 2008.
ALJ Releases First Quarter Revenue Performance
Jan. 15, 2009 - ALJ, the parent company of Kentucky Electric Steel, reports revenues of $40.0 million for the three months ended December 31, 2008.
LJ Reports Results for Fiscal Year 2008
Jan. 2, 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, posted a net loss of $3.208 million for the fourth quarter, and net income of $6.332 million for the fiscal year ended September 30, 2008.
ALJ Releases 2008 Annual Results
Oct. 7, 2008 - ALJ, the parent company of Kentucky Electric Steel, reports record revenues of $185.6 million for the fiscal year ended September 30, 2008.
ALJ Announces 3rd Quarter Earnings for Kentucky Electric
Aug. 12, 2008 - ALJ, the parent company of Kentucky Electric Steel, reports net income of $2.7 million on net sales of $51.1 million for the quarter, and net income of $9.5 million on net sales of $133.4 million for the nine months ended June 30, 2008.
ALJ Reports Third Quarter Revenues
Jul. 7, 2008 - ALJ, the parent company of Kentucky Electric Steel, reports revenues of $51.1 million for the quarter, and revenues of $133.4 million for the nine months ended June 30, 2008.
Kentucky Electric Steel Parent ALJ Announces 2nd Quarter Earnings
May 14, 2008 - Kentucky Electric Steel parent ALJ reports net income of $6.8 million on net sales of $82.3 million for the six months ended March 31, 2008.
Kentucky Electric Steel Reaches Labor Accord
May 6, 2008 - United Steelworkers Local 7054 and Kentucky Electric Steel reach agreement on a new five-year labor contract.
ALJ Announces 1st Quarter Earnings for Kentucky Electric
Feb. 14, 2008 - ALJ, the parent of Kentucky Electric Steel, posts net income of $4,965,246 for the three months ended December 31, 2007, a strong improvement over the net loss of $395,420 reported for the three months ended December 31, 2006.
YouthStream Media Networks to Acquire Kentucky Electric Steel
Mar. 1, 2005 - YouthStream Media Networks, Inc. has entered into definitive agreements to acquire KES Acquisition Co., LLC, the owner and operator of Kentucky Electric Steel, Ashland, Ky.
Letter of Intent Signed for Acquisition of Kentucky Electric Assets
Jul. 20, 2004 - YouthStream Media Networks, Inc. has entered into a preliminary letter of intent with KES Holdings, LLC to acquire KES Acquisition Co., LLC, a 100%-owned subsidiary of KES Holdings. YouthStream currently owns a 1.00% membership interest in KES Holdings.
GE Commercial Finance Provides Kentucky Electric with New Credit Facility
Jun. 21, 2004 - GE Commercial Finance, through its Business Credit unit, announced that it has financed Kentucky Electric Steel, LLC with a three-year, $15 million credit facility
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