A. M. Castle & Co. Reschedules 2005 Earnings Release and Conference Call
03 Março 2006 - 10:30AM
PR Newswire (US)
FRANKLIN PARK, Ill., March 3 /PRNewswire-FirstCall/ -- A. M. Castle
& Co. (AMEX:CAS), one of North America's leading metals and
plastics distributors, today announced that it has rescheduled the
release of its fourth quarter and fiscal year 2005 results and its
related conference call. The Company has decided to delay the
release of its full financial results for one week, while
management continues to work with its external auditors to finalize
compensation expense associated with employee stock options
exercised during 2005. The Company now plans to release its results
on Monday, March 13, 2006. The conference call hosted by management
has also been moved to March 13, 2006 at 11:00 a.m. (EST). "We are
disappointed to delay our earning release, but feel it is prudent
to complete the audit process before disclosing our financial
results," stated Larry A. Boik, Vice President of Finance and CFO.
"A. M. Castle has demonstrated strong results throughout the year,
and we are confident that the Company will produce another quarter
of solid results, demonstrating strong revenue and earnings for the
quarter and fiscal year. We look forward to discussing the
operational and financial performance of the Company on our
earnings call on March 13th." Founded in 1890, A. M. Castle &
Co. is a specialty metals and plastics distribution company serving
the North American market, principally within the producer durable
equipment sector. Its customer base includes many Fortune 500
companies as well as thousands of medium and smaller-sized firms
spread across a wide spectrum of industries. Within its core metals
business, it specializes in the distribution of carbon, alloy and
stainless steels; nickel alloy; and aluminum. Through its
subsidiary, Total Plastics, Inc., the Company also distributes a
broad range of value-added industrial plastics. Together, Castle
operates over 50 locations throughout North America. Its common
stock is traded on the American and Chicago Stock Exchange under
the ticker symbol "CAS". DATASOURCE: A. M. Castle & Co.
CONTACT: Larry A. Boik, Vice President-Finance & CFO of A. M.
Castle & Co., +1-847-349-2576, , or Analyst, Katie Pyra of
Ashton Partners, +1-312-553-6717,
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