Shiloh Industries Inc. reported unaudited consolidated financial results for the second quarter and six months ended April 30, 2013. For the second quarter, the company reported sales revenue of $182.1 million for the second quarter of fiscal year 2013, an increase of 11.9% over the $162.8 million in the same quarter of the previous year. Increased revenues are reflective of a 3.2% improvement in North American car and light truck industry production volume compared to the second quarter of 2012, new product launches and revenues from acquisitions. Operating income improved 17.4% to $11.5 million, compared to $9.8 million in the second quarter of the previous year. Net income was $7.2 million or $0.43 per share diluted, an improvement of 22.8% compared to the second quarter of 2012 net income of $5.9 million or $0.35 per share diluted. Income before income taxes was $10.935 million, compared to $9.256 million for the last year. The company invested nearly $6.7 million in new capital this quarter directly in support of new programs and other new business activities. For the six months, operating income improved 21.4% to $15.6 million, compared to $12.9 million for the first six months of the previous year. Net income was $9.8 million or $0.58 per share diluted, an improvement of 31.4% over the prior year's net income of $7.5 million, or $0.44 per share diluted. The improvement reflects the increase in sales volume of $32.3 million, or 11.0%, to sales for the first six months of fiscal 2013 of $327.5 million and the improvement in gross margin of 23.1% driven primarily by productivity improvements, the successful integration of acquisitions and smooth product launches. Income before income taxes was $14.619 million, compared to $12.096 million for the last year. Net cash provided by operating activities was $12.392 million, compared to $3.946 million for the last year. Capital expenditure was $12.449 million, compared to $5.749 million for the last year. For the entire year, the company is on budget to invest approximately $20 million to $22 million in new capital.

Shiloh Industries Inc. announced that they will report Q2, 2013 results on May 23, 2013

Shiloh Industries Inc., Q2 2013 Earnings Call, May 23, 2013