Castle exec expects ‘difficult’ early 2013
Feb 26, 2013 | 05:04 PM
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Tags
A.M. Castle,
Scott Dolan,
earnings report,
2013 forecast,
restructuring,
layoffs,
facility closures
CHICAGO — Specialty metals distributor A.M. Castle & Co. hopes to improve profits as it restructures in 2013, but president and chief executive officer Scott Dolan doesn’t expect a major pickup in top-line revenue amid a weak demand environment.
The Oak Brook, Ill.-based company posted a full-year net loss of nearly $9.75 million, up more than fivefold from a $1.76-million loss in 2011, on sales that rose 12.2 percent to $1.27 billion.....
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