A.M. Castle Sales Down 24.8% in 3Q

Distributor of specialty metal and plastic products posts $26.3 million loss for quarter.

A. M. Castle & Co., Franklin Park, IL, a global distributor of specialty metal and plastic products, reported third quarter sales of $184.7 million, down 24.8 percent from third quarter 2014. The company posted a loss of $26.3 million, as compared to a loss of $7.3 million the same quarter last year.

Metals segment sales were $150.6 million in the third quarter, a decline of 28.5 percent from the same period last year. In the plastics segment, third quarter sales of $34.1 million were down 2 percent from the prior year same period.

Year-to-date, sales were $606.6 million, down 18.9 percent from the first nine months of 2014. The company reported a loss of $105.9 million, down from a loss of $95.6 million.

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