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Keystone Reports First Quarter 2008 Results

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DALLAS, May 9 /PRNewswire-FirstCall/ — Keystone Consolidated Industries, Inc. (OTC Bulletin Board: KYCN - News), reported net income of $13.6 million, or $1.39 per diluted share, in the first quarter of 2008 as compared to $14.5 million, or $1.45 per diluted share, in the first quarter of 2007. The decrease in earnings was due primarily to a lower pension credit during the first quarter of 2008 of $19.0 million as compared to the $20.4 million pension credit recorded during the first quarter of 2007.
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