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TMS International Reports Mixed Earnings (TMS)

TMS International Corp. (NYSE: TMS) reported second quarter EPS of $0.21 versus consensus $0.28.. EPS were down 16 percent year over year. Revenue was reported at $631.42 million versus the estimated $569.70 million–down 6 percent year over year.

According to the release, Net income attributable to common stock was $8.1 million for the second quarter compared with $9.8 million in 2012. Basic and diluted earnings per share were $0.21 for the second quarter of 2013 compared with $0.25 in 2012.

The company’s Adjusted EBITDA Margin for the second quarter of 2013 was 23.6 percent compared to 24.6 percent in the second quarter of 2012. Total Revenue for the second quarter was $631.4 million compared to $669.4 million in the second quarter of 2012.

[stock-tools exchange="NYSE" symbol="TMS" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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