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Ameron International Reports Steep 1Q Profit Fall

Stock quotes in this article: AMN  

PASADENA, Calif. (AP) — Ameron International Corp., which makes water transmission lines and other products, posted a steep decline in first-quarter profit due primarily to falling demand for a steel product.

Net income of $3.8 million, or 42 cents per share, was down nearly one-third from $9.7 million, or $1.07 per share in the year-ago period.

Analysts surveyed by Thomson Reuters expected earnings of 47 cents per share on revenue of $136.8 million. ...

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