IPO costs push GBC into red despite 10.7% sales increase

Aug 14, 2013 | 01:21 PM | Everdeen Mason

Tags  copper, global brass & copper holdings, earnings report, ipo, Robert Micchelli, John Wasz, John Wagner, everdeen mason

NEW YORK — Global Brass & Copper Holdings Inc. (GBC) posted a $17.1-million net loss for the second quarter due to costs associated with its initial public offering (IPO) in May.

The Schaumburg, Ill.-based copper and brass fabricator and distributor had sought to raise $172.5 million through its IPO to settle debts and fund future acquisitions (amm.com, July 8).....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results