Boomerang Tube loss shrinks to $11.54 million in October; sales fall

By Caroline Salls

Pittsburgh, Nov. 30 – Boomerang Tube LLC reported an $11.54 million net loss for October on $6.3 million in total net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

For September, Boomerang posted a $15.23 million net loss on $11.65 million in total net sales.

The company also had $18.37 million in cash and cash equivalents as of Oct. 31, down from $25.53 million at the end of September.

Boomerang Tube is a St. Louis-based producer of oil country tubular goods and line pipe that filed for bankruptcy on June 9. The Chapter 11 case number is 15-11247.

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