Castle posts $3M loss despite higher sales

Jul 31, 2012 | 04:09 PM | Corinna Petry

Tags  A.M. Castle, Scott Stephens, Michael Goldberg, earnings, corinna petry


CHICAGO — Metals distributor A.M. Castle & Co. posted a net loss of nearly $3 million for the second quarter, in contrast to net income of $3.7 million in the same period last year, despite a 16.6-percent increase in sales to $329.4 million.

The Oak Brook, Ill.-based company attributed the loss to adjustments related to financial instruments, including commodity hedging, and the costs associated with the departure of its chief executive officer. ....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events