A month after separating from its parent company, auction company ADESA Inc. last week reported net third-quarter income of $21.5 million on revenue of $228.5 million. Those figures compare with net income of $29.0 million on revenue of $224.5 for the year-ago quarter.
ALLETE Inc. spun off ADESA on Sept. 20. Its third-quarter results included $8.7 million in costs related to the separation.
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