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Last $17.25 USD
Change Today +0.02 / 0.12%
Volume 199.1K
BRSS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

global brass & copper holdin (BRSS) Snapshot

Open
$17.23
Previous Close
$17.23
Day High
$17.59
Day Low
$16.89
52 Week High
05/28/15 - $17.59
52 Week Low
12/15/14 - $11.49
Market Cap
370.7M
Average Volume 10 Days
165.9K
EPS TTM
$1.60
Shares Outstanding
21.5M
EX-Date
05/14/15
P/E TM
10.8x
Dividend
$0.15
Dividend Yield
0.87%
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 copper and brass products in the United States, the Asia Pacific, and Mexico. It operates in three segments: Olin Brass, Chase Brass, and A.J. Oster. The Olin Brass segment manufactures, fabricates, 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 munitions, automotive, coinage, building and housing, and electronics/electrical components end markets. The Chase Brass segment primarily manufactures and sells brass rods, including round, hexagonal, and other shapes for use in building and housing, transportation, electronics/electrical components, and industrial machinery and equipment end markets. The A.J. Oster segment processes and distributes primarily copper and copper-alloy sheet, strip, and foil. 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. This segment markets its products for housing and commercial construction in building and housing, automotive, and electronics/electrical components end markets. Global Brass and Copper Holdings, Inc. sells its products under the Olin Brass, Chase Brass, A.J. Oster, Green Dot, and Eco Brass brands through its distribution network, direct mill sales, and third-party distributors. The company was founded in 2007 and is headquartered in Schaumburg, Illinois.

1,896 Employees
Last Reported Date: 03/16/15
Founded in 2007

global brass & copper holdin (BRSS) Top Compensated Officers

Chief Executive Officer, President, Chief Ope...
Total Annual Compensation: $691.3K
Chief Financial Officer
Total Annual Compensation: $410.5K
President of Chase Brass LLC
Total Annual Compensation: $326.1K
President of GBC Metals LLC
Total Annual Compensation: $292.1K
General Counsel and Secretary
Total Annual Compensation: $293.6K
Compensation as of Fiscal Year 2014.

global brass & copper holdin (BRSS) Key Developments

Global Brass and Copper Holdings, Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Global Brass and Copper Holdings, Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported Net Sales were $400.2 million against $443.8 million a year ago. The decline in Net Sales were attributable to lower metal prices, decreased volume and less sales of unprocessed metals, partially offset by an increase in average selling prices and changes in product mix within each segment. Operating income was $22.5 24.8 million a year ago. Income before provision for income taxes and equity income was $12.4 million against $14.8 million a year ago. Net income attributable to company was $8.1 million against $9.7 million a year ago. Net income per basic and diluted share was $0.38 against $0.46 a year ago. Adjusted sales were $134.9 million against $141.3 million a year ago. Adjusted diluted earnings per common share were $0.49 against $0.50 a year ago. Adjusted EBITDA was $29.3 million against $28.7 million a year ago. This growth was driven by an increase in average selling prices and changes in product mix within each segment, lower manufacturing conversion costs and lower shrinkage costs due to lower metal costs. Net cash provided by operating activities was $13.8 million against net cash used in operations of $2.0 million a year ago, which was driven by earnings in the first quarter of 2015. Capital expenditures were $5.0 million against $8.7 million a year ago. first quarter results reflect continued progress against its cost management, productivity and commercial growth and pricing initiatives, which led to improved profitability and cash flow in spite of softer volume. The decrease in net income attributable to GBC for the quarter was primarily the result of an increase in selling, general and administrative expenses, partially offset by an increase in gross profit and a decrease in the provision for income taxes. The company announced that it is changing its full-year adjusted EBITDA 2015 guidance primarily to reflect the impact of the sale of its shares in the Dowa-Olin Metal Corporation joint venture to Dowa Metaltech Co. Ltd. that occurred in the second quarter of 2015. For the full-year 2015, GBC expects: shipment volumes to range from 500 to 520 million pounds; adjusted sales to range from $515 million to $540 million; and adjusted EBITDA to range from $110 million to $119 million, which is an increase from the prior guidance of $105 million to $114 million.

Global Brass and Copper Seeks Acquisitions

"We also have intensified our focus on identifying acquisitions with attractive return profiles." said Scott Hamilton, General Counsel & Secretary, Global Brass and Copper Holdings, Inc. (NYSE:BRSS). Robert Micchelli, Chief Financial Officer of Global Brass also stated, “We would look to do the refinancing in a way that we wouldn't exhaust our ABL availability with the intent of keeping that plus future cash flow available for accretive acquisitions”. John Wasz, Chief Executive Officer of Global Brass also added, “As far as targets, I mean I think as we've said before, bolt-on acquisitions in our fabricated products as well as distribution. We are also really pleased with the brands that we are creating with Eco Brass and CuVerro, although CuVerro is longer-term. Looking for opportunities to leg in and expand into there”.

Global Brass and Copper Holdings, Inc. Declares Quarterly Cash Dividend Payable on May 28, 2015

Global Brass and Copper Holdings, Inc. announced that, on May 6, 2015, its Board of Directors declared a quarterly cash dividend of $0.0375 per share on the Company’s common stock for the first quarter of 2015. The dividend will be paid on May 28, 2015 to stockholders of record on the close of business on May 18, 2015.

 

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Industry Analysis

BRSS

Industry Average

Valuation BRSS Industry Range
Price/Earnings 12.2x
Price/Sales 0.2x
Price/Book 12.6x
Price/Cash Flow 11.5x
TEV/Sales NM Not Meaningful
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