A.M. Castle net slips despite record sales

Oct 29, 2008 | 11:40 AM | Maria Guzzo

Although A.M. Castle & Co., Franklin Park, Ill., posted record third-quarter sales, its management said earnings were down because of declining volume due to market volatility.

A.M. CASTLE & CO.(in thousands except per share)200820073rd qtr. ended Sept. 30Net sales$388,898$350,319Net income11,47812,910Per share0.500.579 months ended Sept. 30Net sales$1,179,492$1,098,278Net income36,54345,107Per share1.622.14A.M. Castle's third-quarter net income slid 11.1 percent to $11.5 million from $12.9 million in the same period last year despite an 11-percent jump in sales to $388.9 million. For the first nine months of the year, net income of $36.5....

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