logo
Share SHARE
FONT-SIZE Plus   Neg

A.M. Castle Q4 Loss Widens - Quick Facts

A.M. Castle & Co. (CAS) Thursday posted a wider fourth-quarter loss of $12.0 million, or a loss of $0.52 per share, compared to last year's loss of $1.5 million, or a loss of $0.07 per share. Adjusted earnings in the recent quarter were $784 thousand, or $0.03 per share.

Four analysts polled by Thomson Reuters estimated earnings of $0.12 per share. Analysts' estimates usually exclude special items.

Quarterly net sales jumped to $282.2 million from $235.6 million, with the Metals segment sales rising 20.4 percent and the Plastics segment registering a 14.1 percent revenue growth. Four analysts polled by Thomson Reuters estimated revenues of $270.58 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Women's specialty-clothing retailer J. Jill Inc. said it has launched an initial public offering of 11.67 million shares of its common stock. All shares are being sold by an existing stockholder and J. Jill will not receive any proceeds from the offering. Long queues at peak dining hours at Wendy's may be a history, as the company is planning to introduce automated self ordering kiosks at its more than 1000 retail locations by this year end. The automation will also help in cutting labor costs. Canadian music retail chain Sunrise Records said it plans to take over 70 retail spaces in Canada being vacated by HMV Canada, the industry's largest retailer. The new brick and mortar locations are in malls across Canada. However, Sunrise's expansion comes as people are increasingly shifting to streaming options for music and videos rather than buying tangible, touchable albums.
comments powered by Disqus
Follow RTT