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Asarco posts $16.73 million February operating income, $18.75 million EBITDA
By Caroline Salls
Pittsburgh, March 31 - Asarco LLC reported $16.73 million in operating income for February on sales of $55.54 million, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.
In January, the company posted $18.23 million of operating income on sales of $80.60 million.
EBITDA for February was $18.75 million, down from $20.23 million in January.
Net income for February was $19.49 million, down from net income of $21.69 million in January.
Cash at the end of February was $36.02 million, compared with $16.33 million at the end of January.
Asarco, a Tucson, Ariz., mining company, filed for bankruptcy on Aug. 9, 2005. Its Chapter 11 case number is 05-21207.
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