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Last $3.51 USD
Change Today -0.09 / -2.50%
Volume 121.5K
CAS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

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

Open
$3.63
Previous Close
$3.60
Day High
$3.64
Day Low
$3.45
52 Week High
04/1/14 - $14.99
52 Week Low
02/27/15 - $2.80
Market Cap
82.7M
Average Volume 10 Days
243.5K
EPS TTM
$-4.29
Shares Outstanding
23.6M
EX-Date
04/28/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CASTLE (A.M.) & CO (CAS)

castle (a.m.) & co (CAS) Related Businessweek News

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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.

1,667 Employees
Last Reported Date: 03/9/15
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
Chief Commercial Officer
Total Annual Compensation: $166.5K
Vice President of Aerospace
Total Annual Compensation: $371.0K
Compensation as of Fiscal Year 2013.

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

A. M. Castle & Co. Announces Executive Changes

A. M. Castle & Co. announced that it has reached an agreement with Raging Capital Management, LLC on the composition of the Company's Board of Directors. As per the terms of the settlement agreement, Castle has elected three new independent directors to its Board. Steven Scheinkman, Kenneth Traub, and Allan Young have joined Castle's Board effective March 17, 2015. Each of these individuals will be included in the company's nominations for election at the 2015 Annual Meeting of Shareholders. As a part of this agreement, current directors John McCartney and Terrence Keating have resigned from their positions effective March 17, 2015, and the Board has expanded its size to 10 to accommodate the new directors. The company's Board has also created a Finance Committee that will review, evaluate, and make recommendations to the Board regarding the Company's capital structure, capital allocation, working capital management, and other financial policies. The Finance Committee is comprised of four members, two newly appointed directors and two existing directors, and will be chaired by director Jonathan Mellin.

Castle Metals France Signs Agreement with Stelia Aerospace for 10 Year Extension of Aerospace Tubing Requirements

Castle Metals France and supply chain solutions has announced that they have signed a 10 year agreement with Stelia Aerospace. The current contract dates back to 1998 with Airbus, it was subsequently renegotiated when Aerolia was created in 2009, before entering into force in 2011. The program covers Stelia's aerospace tubing products in a wide range of alloys including nickel, titanium, aluminum and stainless steel. In addition to value-added processing, the Castle contract also includes collaborative planning of mill inbound and customer on-hand inventory, JIT delivery and AOG support. The contract extension is estimated to exceed $300 million over the 10 year term.

A. M. Castle & Co. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

A. M. Castle & Co. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of $231,466,000 compared to $233,229,000 a year ago. Operating loss was $19,836,000 compared to $7,912,000 a year ago. Loss before income taxes and equity in earnings of joint venture was $33,292,000 compared to $21,141,000 a year ago. Net loss was $39,080,000 or $1.67 per basic and diluted share compared to $12,630,000 or $0.54 per basic and diluted share a year ago. LBITDA was $14,300,000 compared to EBITDA of $307,000 a year ago. Adjusted LBITDA was $13,681,000 compared to adjusted EBITDA of $399,000 a year ago. Adjusted non-GAAP net loss was $38,461,000 or $1.64 per basic and diluted share compared to $13,475,000 or $0.58 per basic and diluted share a year ago. Fourth quarter 2014 results were negatively impacted by $8.2 million of provisions for inventory reserves and $2.9 million of other expense related to foreign currency transaction losses. For the year, the company reported net sales of $979,837,000 compared to $1,053,066,000 a year ago. Operating loss was $98,874,000 compared to $15,672,000 a year ago. Loss before income taxes and equity in earnings of joint venture was $143,745,000 compared to $60,744,000 a year ago. Net loss was $134,701,000 or $5.77 per basic and diluted share compared to $33,962,000 or $1.46 per basic and diluted share a year ago. LBITDA was $69,462,000 compared to EBITDA of $15,579,000 a year ago. Adjusted LBITDA was $17,518,000 compared to adjusted EBITDA of $26,176,000 a year ago. Net cash used in operating activities was $75,077,000 compared to net cash from operating activities of $74,385,000 a year ago. Capital expenditures were $12,351,000 compared to $11,604,000 a year ago. Adjusted non-GAAP net loss was $86,434,000 or $3.70 per basic and diluted share compared to $28,074,000 or $1.21 per basic and diluted share a year ago. Net debt as at December 31, 2014 was $301,660,000 compared to $215,167,000 a year ago. Full year 2014 results were negatively impacted by $8.7 million of provisions for inventory reserves and $4.3 million of other expense related to foreign currency transaction losses compared to $2.8 million of inventory reserve provisions and $1.9 million of foreign currency transaction losses in 2013.

 

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