Castle upbeat on aerospace sector’s demand for metals
Nov 01, 2012 | 02:02 PM
| Corinna Petry
Tags
A.M. Castle,
earnings report,
aerospace,
Scott Stephens,
corinna petry
CHICAGO — While A.M. Castle & Co. executives have seen second-half demand weaken across numerous metals-consuming sectors, including energy, aerospace stands out as a bright spot for the next two years.
The Oak Brook, Ill.-based company posted net income of nearly $3.2 million for the three months ended Sept. 30, down 16.6 percent from $3.8 million in the same period last year despite a 3.1-percent rise in sales to $304.04 million from $294.86 million. Castle’s third-quarter performance was affected by declines in both scrap and metals pricing.....
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