Company profile

Ticker
CTAM
Exchange
Employees
Incorporated in
Location
Fiscal year end
Former names
Castle A M & Co
SEC CIK
IRS number
360879160

Calendar

14 Aug 19
17 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 147.93M 149.53M 137.57M 148.11M
Net income -8.3M -8M -16.84M -6.66M
Diluted EPS -3.77 -3.82 -8.42 -3.33
Net profit margin -5.61% -5.35% -12.24% -4.49%
Operating income -1.16M -331K -9.3M -2.98M
Net change in cash 692K -2.83M 1.31M 720K
Cash on hand 6.53M 5.84M 8.67M 7.36M
Annual (USD) Dec 18 Dec 16 Dec 15 Dec 14
Revenue 581.97M 533.15M 637.94M 841.67M
Net income -37.15M -107.98M -209.77M -119.39M
Diluted EPS -18.57 -3.72 -8.91 -5.11
Net profit margin -6.38% -20.25% -32.88% -14.18%
Operating income -16.73M -70.29M -188.1M -109.19M
Net change in cash -26.96M 24.52M 2.65M
Cash on hand 8.67M 35.62M 11.1M 8.45M
Cost of revenue 26.7M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • Net sales of $147.9 million in the three months ended June 30, 2019 decreased $2.5 million, or 1.7%, compared to $150.4 million in the three months ended June 30, 2018. The decrease in net sales in the current quarter compared to the prior year quarter was a result of a decrease in tons sold per day, partially offset by an increase in selling prices and a favorable sales mix. Tons sold per day for the Company's products decreased by 17.0% in the three months ended June 30, 2019 compared to the same quarter in the prior year driven primarily by decreased sales volumes of carbon and alloy products, SBQ bar and stainless partially offset by increases in tons sold per day of aluminum products.
  • Commodities pricing increases continue to have a favorable impact on the Company's selling prices. Overall average selling prices of the Company's product mix sold increased 20.5% in the three months ended June 30, 2019 compared to the three months ended June 30, 2018 with favorable selling prices realized on a majority of the commodities that the Company sells. The most favorable selling prices were realized on the Company's highest selling commodities including carbon and alloy plate, alloy bar, SBQ bar, aluminum, and stainless.
  • Net sales of $297.5 million in the six months ended June 30, 2019 increased $1.2 million, or 0.4%, compared to $296.3 million in the six months ended June 30, 2018. Overall average selling prices of the Company's product mix sold increased 22.0% in the six months ended June 30, 2019 compared to the six months ended June 30, 2018. Tons sold per day for the Company's products decreased by 17.0% in the six months ended June 30, 2018 compared to the first half of the prior year. The decrease in tons sold was a result of an overall trend towards lower sales volumes in the market and a change in product mix sold by the Company through the first half of 2019. The Company expects the trend towards lower sales with a favorable product sales mix to continue as it focuses on profitable sales in key markets rather than volume of tons sold.
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New words: Chinese, equivalent, repaid, short, shown, Yuan
Removed: beneficially, demand, depreciable, experienced, growth, impacted, investment, March, mill, plant, substantial, supported, ton, twelve