A. M. Castle & Co. Expects Continued Favorable Business Climate
28 April 2005 - 7:14PM
PR Newswire (US)
A. M. Castle & Co. Expects Continued Favorable Business Climate
FRANKLIN PARK, Ill., April 28 /PRNewswire-FirstCall/ -- A. M.
CASTLE & CO. (AMEX:CAS), G. Thomas McKane, Chairman and CEO,
stated today at its annual stockholders meeting, "The manufacturing
strength of the North American economy continues strong as we move
into 2005. Metal pricing overall remains at near year-end 2004
levels. If these market conditions continue, we would expect a very
strong first half and significantly increased sales and earnings
for the year as a whole." In other actions at its annual meeting,
shareholders of the Company re- elected eight directors to serve
one-year terms and ratified the appointment of Deloitte &
Touche LLP as the Company's registered, independent auditing firm
for the year 2005. Founded in 1890, A. M. Castle & Co. provides
highly engineered materials and value added services to a wide
range of companies within the producer durable equipment sector of
the economy. 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; aluminum; copper and brass. Through
its subsidiary, Total Plastics, Inc., the Company also distributes
a broad range of value-added industrial plastics. Together, Castle
operates over 60 locations throughout North America. Its common
stock is traded on the American and Chicago Stock Exchange under
the ticker symbol "CAS". This release may contain forward-looking
statements relating to future financial results. Actual results may
differ materially as a result of factors over which the Company has
no control. These risk factors and additional information are
included in the Company's reports on file with the Securities and
Exchange Commission. DATASOURCE: A. M. Castle & Co. CONTACT: G.
Thomas McKane, Chairman & CEO of A. M. Castle & Co.,
+1-847-349-2502, , or Analyst, John McNamara, +1-212-827-3771, , or
General Information, George Zagoudis, +1-312-640-6663, , both of
Financial Relations Board
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