Last $15.45 USD
Change Today +0.09 / 0.59%
Volume 43.9K
BRSS On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

global brass & copper holdin (BRSS) Snapshot

Open
$15.35
Previous Close
$15.36
Day High
$15.46
Day Low
$15.27
52 Week High
09/11/13 - $21.20
52 Week Low
05/9/14 - $14.31
Market Cap
329.8M
Average Volume 10 Days
61.1K
EPS TTM
$1.57
Shares Outstanding
21.3M
EX-Date
08/22/14
P/E TM
9.8x
Dividend
$0.15
Dividend Yield
0.97%
Current Stock Chart for GLOBAL BRASS & COPPER HOLDIN (BRSS)

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global brass & copper holdin (BRSS) Details

Global Brass and Copper Holdings, Inc. operates as a converter, fabricator, distributor, and processor of specialized copper and brass products in North America. It operates in three segments: Olin Brass, Chase Brass, and A.J. Oster. The Olin Brass segment manufactures and converts copper and brass sheets, strips, foils, tubes, and fabricated components, as well as rerolls and forms other alloys, such as stainless steel, carbon steel, and aluminum. Its products are used in building and housing, munitions, automotive, coinage, and electronics/electrical components end markets. This segment sells its products in the United States, Puerto Rico, Mexico, Asia, and Europe. The Chase Brass segment primarily manufactures and sells brass rods, including round and other shapes for use in building and housing, transportation, electronics/electrical components, and industrial machinery and equipment end markets. This segment sells its products in the United States, Mexico, and Canada. The A.J. Oster segment processes and distributes copper and copper-alloy sheets, strips, and foils. This segment provides value-added processing services, which include precision slitting and traverse winding to provide customer press up-time; hot air level tinning for corrosion resistance; and product enhancements, such as edging and cutting. Its products are used in building and housing, automotive, and electronics/electrical components end markets. This segment sells its products in the United States, Puerto Rico, and Canada. Global Brass and Copper Holdings, Inc. sells its products under the brand names of Olin Brass, Chase Brass, A.J. Oster, Green Dot, and Eco Brass through its distribution network, direct mill sales, and third-party distributors. The company was founded in 2007 and is headquartered in Schaumburg, Illinois.

2,062 Employees
Last Reported Date: 03/19/14
Founded in 2007

global brass & copper holdin (BRSS) Top Compensated Officers

Chief Executive Officer, President, Chief Ope...
Total Annual Compensation: $537.4K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $398.8K
President of Chase Brass
Total Annual Compensation: $319.0K
General Counsel and Secretary
Total Annual Compensation: $281.8K
Compensation as of Fiscal Year 2013.

global brass & copper holdin (BRSS) Key Developments

Global Brass and Copper Holdings, Inc. Announces Quarterly Cash Dividend, Payable on September 9, 2014

Global Brass and Copper Holdings, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.0375 per share on the company's common stock for the second quarter of 2014. The dividend will be paid on September 9, 2014 to stockholders of record on the close of business on August 26, 2014. The declaration and payment of any future dividend will be subject to the discretion of the Board of Directors and will depend on a variety of factors, including the company's financial condition and results of operations and contractual restrictions, such as the restrictive covenants contained in the company's indenture to its 9.50% Senior Secured Notes and in its credit agreement governing its asset-based revolving loan facility.

Global Brass and Copper Holdings, Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for 2014

Global Brass and Copper Holdings, Inc. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $440.5 million compared with $461.5 million for the same period last year. The decline in Net Sales were driven by lower volume, lower sales of unprocessed metal, lower metal prices and a shift in product mix, partially offset by an increase in average selling prices. Operating income was $24.3 million compared with operating loss of $1.1 million for the same period last year. Income before provision for income taxes and equity income was $14.4 million compared with loss before provision for income taxes and equity income $11.1 million for the same period last year. Net income attributable to company was $9.0 million or $0.42 diluted per share compared with net loss attributable to Global Brass and Copper Holdings, Inc. of $17.1 million or $0.81 diluted per share for the same period last year. Adjusted diluted earnings per common share were $0.49 compared with $0.75 for the same period last year. Adjusted EBITDA was $29.6 million compared with $36.3 million for the same period last year. The decrease in adjusted EBITDA was due to higher supplier prices, lower volume and product mix. Net cash provided by operating activities was $16.6 million, driven by earnings and improvements in working capital. For the six months, the company reported net sales of $884.3 million compared with $906.5 million for the same period last year. Operating income was $49.1 million compared with $26.1 million for the same period last year. Income before provision for income taxes and equity income was $29.2 million compared with $6.0 million for the same period last year. Net income attributable to Global Brass and Copper Holdings, Inc. was $18.7 million or $0.88 diluted per share compared with net loss attributable to the company of $5.7 million or $0.27 diluted per share for the same period last year. Adjusted EBITDA was $58.3 million compared with $66.4 million for the same period last year. Net cash provided operating activities was $11.6 million compared with net cash used in operating activities $17.9 million for the same period last year. Capital expenditures were $12.3 million compared with $8.3 million for the same period last year. Adjusted diluted earnings per common share were $1.00 compared with $1.30 for the same period last year. Net income attributable to the company increase in net income attributable to Global Brass and Copper Holdings, Inc. for the quarter was primarily the result of the decrease in non-cash compensation expense, management fees and other selling, general and administrative expenses, partially offset by a decrease in gross profit. Adjusted EBITDA decrease was driven by higher manufacturing conversion costs, lower volume and a shift in product mix. Partially offsetting the decrease were increases in average selling prices and a decrease in other selling, general and administrative expenses. The company is reaffirming its full-year 2014 guidance. For the full-year 2014, GBC expects: shipment volumes to range from 536 million pounds to 542 million pounds; adjusted sales to range from $568 million to $575 million; and adjusted EBITDA is expected to range from $118 million to $123 million.

Global Brass and Copper Holdings, Inc. to Report Q2, 2014 Results on Aug 06, 2014

Global Brass and Copper Holdings, Inc. announced that they will report Q2, 2014 results After-Market on Aug 06, 2014

 

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Valuation BRSS Industry Range
Price/Earnings 9.4x
Price/Sales 0.2x
Price/Book 29.5x
Price/Cash Flow 9.3x
TEV/Sales NM Not Meaningful
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