Westinghouse reports $3 million of income from operations for August

By Caroline Salls

Pittsburgh, Oct. 3 – Westinghouse Electric Co., LLC reported $3 million of income from operations for August on $215 million in net revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, Westinghouse posted a $10 million loss from operations for July on $239 million in net revenue.

The net loss for August was $5 million, narrowing from a $31 million July net loss.

The company had $1,266,000,000 in cash and cash equivalents as of Aug. 31, down from $1,395,000,000 at the end of July.

Westinghouse, a Cranberry Township, Pa.-based nuclear products and services company and a subsidiary of Toshiba, filed bankruptcy on March 29, 2017. The Chapter 11 case number is 17-10751.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.