15
May
19:52
AM Castle reports first-quarter net loss
US specialty steel and metals distributor AM Castle & Co fell deeper into the red during the first quarter, Kallanish learns from the company’s first-quarter earnings review.
AM Castle posted a net loss of $8 million on sales of $149.5m, down from a loss of $5.1m on sales of 145.9m in Q1 2018.
The company attributes the heightened loss to a $9.4m interest expense related to shareholder debt and $1.3m tied to the company’s pension plan.
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Anonymous
Very good overview of the weekly steel market.
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