MONTEREY PARK, Calif.-- International Aluminum Corp., which makes aluminum and vinyl building products, on Monday posted a flat second-quarter profit, weighed by a charge related to an expected legal settlement.
Income for the October-December period totaled $3.6 million, or 84 cents per share, compared with $3.6 million, or 83 cents per share, a year earlier. Revenue rose 16 percent to $76.1 million, from $65.7 million, a year ago.
The company said its latest results were hurt by a $1 million pretax charge related to costs to settle an employment related lawsuit.
Shares of International Aluminum dropped 16 cents to $52.16 in afternoon trading on the New York Stock Exchange.
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