ALJ Regional Holdings, Inc. announced results for the third quarter ended 30 June 2012. ALJ Regional Holdings, Inc. (ALJ) is the parent company of KES Acquisition Company dba Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Ky.

For the third quarter of fiscal 2012, revenue was $42.1 million, compared to $43.2 million for the same period last year. Net income was $2.52 million, compared to $2.55 million for the third quarter of fiscal 2011. For the nine months ending June 30, 2012, revenue was $125.4 million, compared to $116.1 million for the same period last year. Net income for the first nine months of fiscal 2012 was $7.3 million, compared to $5.5 million for the same period last year.

According to John Scheel, ALJ’s Chief Executive Officer, "The third quarter of fiscal 2012 was similar to the third quarter of fiscal 2011. Sales volume was off slightly as the strong SBQ market of fiscal 2012 lost some of its steam, particularly in June. Fiscal 2012 results to date are better than those for fiscal 2011 due to that strong SBQ market, but the recent softness, especially in SBQ, will likely impact our fourth quarter."