Tubacex, S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 06, 2019 at 07:19 am EST
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Tubacex, S.A. Announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was EUR 152.8 million compared to EUR 159.3 million a year ago. Net income was EUR 2.2 million compared to EUR 5.7 million a year ago. For the nine months, sales was EUR 476.3 million compared to EUR 519.9 million a year ago. Net income was EUR 7.2 million compared to EUR 12.4 million a year ago.
Tubacex SA is a Spain-based company primarily engaged, through its subsidiaries, in the steel industry. The Company's main activity is the manufacture, distribution and sale of seamless stainless steel tubes and pipes. The Companyâs product portfolio also includes hollow bars, steel and fittings. It has operations established in Europe, the Americas and Asia.The Company is a parent of Grupo Tubacex, a group, which comprises a number of controlled entities, including Aceria de Alava SA, Tubacex Tubos Inoxidables SA, Schoeller-Bleckmann Edelstahlrohr Inmobilien AG, Salem Tube Inc, Tubacex Taylor Accesorios SA and Metaux Inox Services SAS, among others.
TUBACEX, S.A. 
