Wolverine Tube cans Q2 results after finding accounting errors
American copper producer delays its second quarter results in the wake of inventory errors being uncovered
Wolverine Tube has had to delay the release of its second quarter results
after finding accounting errors in its inventory numbers.
The US tubing manufacturer made the admission to the SEC at the end of last
week in a document signed by David A Owen, Wolverine’s CFO.
‘The registrant discovered certain errors in previously issued financial
statements while preparing its financial statements for the period ended 29 June
2008,’ the US markets watchdog said.