Last $7.47 USD
Change Today +0.29 / 4.04%
Volume 86.8K
CAS On Other Exchanges
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

castle (a.m.) & co (CAS) Snapshot

Open
$7.23
Previous Close
$7.18
Day High
$7.52
Day Low
$7.16
52 Week High
02/18/14 - $15.64
52 Week Low
10/15/14 - $6.16
Market Cap
175.6M
Average Volume 10 Days
265.7K
EPS TTM
$-3.09
Shares Outstanding
23.5M
EX-Date
04/28/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CASTLE (A.M.) & CO (CAS)

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castle (a.m.) & co (CAS) Details

A.M. Castle & Co. is a specialty metals and plastics distribution company. Its Metals segment offers engineered specialty grades and alloys, as well as processing services. Core products include nickel alloys, aluminum, stainless steel, and carbon in various forms, such as plate, bars, tubing, and coil. It also performs specialized fabrications for its customers through a network of pre-qualified subcontractors. The company’s Plastics segment stocks and distributes plastics in forms including plate, rod, clear sheet, tape, and fittings. It can also cut to length, cut to shape, and bend. This segment offers its services to companies in the retail (point-of-purchase), marine, office furniture and fixtures, transportation, and general manufacturing industries. The company also operates in France and Britain. A.M. Castle was founded in 1890 and is headquartered in Franklin Park, Ill.

1,624 Employees
Last Reported Date: 03/7/14
Founded in 1890

castle (a.m.) & co (CAS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $650.0K
Vice President and President of Total Plastic...
Total Annual Compensation: $243.9K
Vice President of Aerospace
Total Annual Compensation: $371.0K
Chief Commercial Officer
Total Annual Compensation: $166.5K
Compensation as of Fiscal Year 2013.

castle (a.m.) & co (CAS) Key Developments

A. M. Castle & Co. Announces Extension of Revolving Credit Facility Through 2019

A. M. Castle & Co. announced that it has obtained an extension on its $125.0 million revolving credit facility through December 2019. There were no other material changes to the terms of the facility, and the extension commitment comes from three of the existing lenders under the facility. The revolving credit facility will support the company's general working capital needs. The company had $27.0 million of outstanding borrowings and $88.1 million of additional borrowing capacity available under the facility as of September 30, 2014. The company is currently in compliance with all financial covenants of the facility.

A. M. Castle & Co. Announces Board Changes

On October 23, 2014, Patrick J. Herbert, III resigned from his position as a member of the Board of Directors of A. M. Castle & Co. and all committees of the Board on which he served. On October 23, 2014, the Board, upon recommendation of its Governance Committee, appointed Jonathan B. Mellin to the Board to fill the newly created vacancy upon Mr. Herbert's departure. Mr. Mellin was also appointed to take Mr. Herbert's place as a Class II director and a member of the Human Resources Committee of the Board. Mr. Brian Anderson was appointed to take Mr. Herbert's place as the chairperson of the Governance Committee.

A. M. Castle & Co. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for 2014

A. M. Castle & Co. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of USD 245.469 million compared to USD 253.713 million a year ago. Operating income was USD 0.175 million compared to operating loss of USD 3.024 million a year ago. Loss before income taxes and equity in earnings of joint venture was USD 12.308 million compared to USD 13.035 million a year ago. Net loss was USD 7.325 million compared to USD 6.911 million a year ago. Basic and diluted net loss per common share was USD 0.31 compared to USD 0.30 a year ago. EBITDA was USD 6.452 million compared to USD 5.395 million a year ago. Adjusted EBITDA was USD 0.836 million compared to USD 5.412 million a year ago. Adjusted non-GAAP net loss was USD 12.941 million or USD 0.55 per basic and diluted share compared to USD 6.885 million or USD 0.30 per basic and diluted share a year ago. Net cash used in operations was USD 12.3 million during the quarter as USD 33.0 million of cash was used for additional investments in inventory. For the nine months, the company reported net sales of USD 748.371 million compared to USD 819.837 million a year ago. Operating loss was USD 79.038 million compared to USD 7.760 million a year ago. Loss before income taxes and equity in earnings of joint venture was USD 110.453 million compared to USD 39.603 million a year ago. Net loss was USD 95.621 million compared to USD 21.332 million a year ago. Basic and diluted net loss per common share was USD 4.10 compared to USD 0.92 a year ago. LBITDA was USD 55.162 million compared to EBITDA of USD 15.272 million a year ago. Adjusted LBITDA was USD 3.837 million compared to adjusted EBITDA of USD 25.777 million a year ago. Net cash used in operating activities was USD 44.833 million compared to net cash from operating activities of USD 65.702 million a year ago. Capital expenditures were USD 8.725 million compared to USD 7.582 million a year ago. Adjusted non-GAAP net loss was USD 51.556 million or USD 2.21 per basic and diluted share compared to USD 14.599 million or USD 0.63 per basic and diluted share a year ago. Net debt as of September 30, 2014 was USD 265.069 million. The company expects effective tax rate of 8% to 10% for the full year of 2014. It expects capital expenditures of approximately USD 12 million for the full year of 2014. It would expect gross margins to return to a more normal historical levels of 25% to 26%.

 

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