TITLE

A.M. Castle Reports Loss Despite Strong Sales

PUB. DATE
April 2009
SOURCE
Metal Center News;Apr2009, Vol. 49 Issue 4, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of A.M. Castle & Co. in the U.S. for the fourth quarter of 2008. The company has reported a net loss of $53.6 million despite of the strong sales of its products. Michael Goldberg, president and chief executive officer (CEO) of A.M. Castle & Co., highlights the $58.9 million goodwill impairment charge and weakening of the market condition as contributing factors of the company's weak performance for the quarter.
ACCESSION #
38905081

 

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