A. M. Castle & Co. Reports Fourth Quarter and Full Year 2010 Results

A. M. Castle & Co. CAS, a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, today reported financial results for the fourth quarter and full year ended December 31, 2010.

For the fourth quarter 2010, consolidated net sales were $235.6 million, compared to $181.3 million in the fourth quarter of 2009, an increase of 30%. The Company reported a fourth quarter net loss of $1.5 million, or $0.07 loss per diluted share.

For the year, consolidated net sales were $943.7 million, compared to 2009 net sales of $812.6 million. Net loss for the full year 2010 was $5.6 million, or $0.25 per diluted share, as compared to a net loss of $26.9 million, or $1.18 per diluted share in 2009.