Handy & Harman Ltd. (NASDAQ:HNH) reported financial results for the second quarter and six months ended June 30, 2011. HNH reported net income of $16.8 million on net sales of $191.2 million for the three months ended June 30, 2011, compared with net income of $6.3 million on net sales of $160.9 million for the three months ended June 30, 2010. Basic and diluted net income per common share was $1.32 for the three months ended June 30, 2011, compared with $0.52 per share in the same period of 2010. Net income for the 2011 quarter includes unrealized non-cash $3.7 million gain on embedded derivatives related to the Company’s subordinated notes and warrants.
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