Lamson & Sessions Co., Cleveland, said profit and sales will come in above expectations during the fourth quarter due to price increases.
The company is raising fourth-quarter profit to a range of $10.5 million to $11.3 million. The guidance is more than double the company’s previous estimate of between $4.6 million to $5 million — and up from last year’s results of $1.3 million.
Sales are expected between $125 million to $130 million, well above its prior estimate of $110
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