Service Centers
October 31, 2013
AM Castle to Close 4 More Facilities
Written by Sandy Williams
AM Castle, a metals and plastics distributor, reported a net loss of $6.9 million for the third quarter 2013, compared to net income of $3.2 million in Q3 2012. Consolidated net sales were $253 million down from $304 million in 2012.
Metal sales in the third quarter were $220 million, a drop of 19.2 percent from a year ago due to lower sales volume and pricing. Tons sold per day dropped 15.7 percent from third quarter 2012.
