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ALJ Releases Third Quarter 2011 Revenue Performance

^{Published on 2011-07-08 15:30:48 - Market Wire}
 

ASHLAND, Ky.--([ BUSINESS WIRE ])--ALJ Regional Holdings, Inc. (Pink Sheets:ALJJ) posted revenues of $43.3 million and $116.2 million for the three months and nine months, respectively, ended June 30, 2011. This compares to $31.0 million and $80.5 million for the comparable three month and nine month periods in fiscal 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.

According to John Scheel, ALJ's Chief Executive Officer, "The revenue for the recently-completed third quarter of the 2011 fiscal year was up nearly 40 percent over the year-earlier quarter. This was about two-thirds due to increased sales volume and one-third to increased pricing. The year-over-year fiscal year-to-date results were even better with volume and pricing sharing nearly equally in improvement. Our full financial results, which will be published within the next few weeks, will also reflect the recent equitization of all of the ALJ securities senior to the common shareholders. We are looking forward to meeting with our shareholders on July 18^th in New York City."