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Optima Specialty Steel records $3.77 million of EBITDA for February
By Caroline Salls
Pittsburgh, April 7 – Optima Specialty Steel, Inc. reported $3.77 million of EBITDA for February on $36.68 million in net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Optima posted $2.91 million of EBITDA for January on $38.78 million in net sales.
The net loss for February was $3.32 million, narrowing from a $6.04 million January net loss.
In addition, the company had $9.79 million in cash and cash equivalents as of Feb. 28, down from $16.83 million at the end of January.
Optima is a Miami-based specialty steel manufacturer. The company filed bankruptcy on Dec. 15 under Chapter 11 case number 16-12789.
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