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
Takata Corp. will file for bankruptcy protection on Monday as the Japanese airbag maker seeks protection from creditors following billions of dollars in liabilities linked to a massive global recall of defective air bags, Reuters reported Thursday, citing two sources. Troubled mortgage lender Home Capital Group Inc. (HCG.TO) is hoping for a new lease of life with Warren buffet extending a helping hand by way of C$2 billion or $1.5 billion line of credit to its subsidiary Home Trust Co. The credit from the renowned investor will help end the strategic review of the lender and to settle a loan facility from an institutional investor. Cable company Altice USA Inc. increased Wednesday the number of shares it will sell in its initial public offering by 37%, raising around $1.9 billion. In the IPO, the company offered 63.94 million shares at a price of $30 per share, higher than the 46.6 million shares announced last month.
comments powered by Disqus
Follow RTT