A.M. Castle expecting third-quarter loss

Oct 09, 2013 | 01:25 PM | Corinna Petry

Tags  A.M. Castle, Scott Dolan, earnings estimate, KeyBanc Capital Markets, Mark Parr, Corinna Petry

CHICAGO — Specialty metal distributor and processor A.M. Castle & Co. expects to report a third-quarter net loss of between $7 million and $8 million, reflecting lower revenue due to continued weakness from key end markets.

Challenging industry conditions and the late-cycle nature of Castle’s end markets have weighed on overall results, the Oak Brook, Ill.-based company said, resulting in softer-than-expected third-quarter revenue of between $250 million and $255 million. Softness in market selling prices also was a....

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