A.M. Castle & Co.

A.M. Castle & Co.

A.M. Castle & Co.

Overview
Date Founded

2001

Headquarters

1420 KENSINGTON ROAD, SUITE 220, OAK BROOK, IL, 605233909

Type of Company

Public

Employees (Worldwide)

873

Industries

Wholesale: Industrial Products & Manufacturing

Company Description

A. M. Castle & Co. (NYSE:CAS) is the foremost provider of specialty products, services, and supply chain solutions. We are recognized as a leading distributor of carbon, alloy, stainless steel, nickel alloys, aluminum, titanium, cast iron, brass, copper, and plastic, as well as a global resource for complex supply chain solutions. Operating in more than 55 locations throughout North America, Europe and Asia, we work with international OEMs to better serve their multi-location production requirements and delivery needs. We also leverage our long-standing metals experience and focus on processing and other value-added services to better meet the unique requirements of industries such as aerospace, defense, oil and gas, power generation and heavy equipment. By expanding our capabilities and services, A. M. Castle is growing to serve the more complex requirements of customers who are outsourcing non-core functions. Our highly regarded H-A Industries, a state-of-the art bar processing facility, provides an extensive range of thermal treating and finishing services. In addition, we offer a comprehensive range of (high value added) processing services for plate, sheet, tubing, and bar products from many of the locations in our North American network. Today, A. M. Castle is continuing to expand globally. Since acquiring full ownership of Castle de Mexico in early 2004, we have seen this organization grow rapidly. With the acquisition of Transtar Metals in 2006, we have further extended our global footprint with two locations in Europe, along with a strong network of agents throughout Asia; more than a third of Castle Metals Aerospace’s customers are located outside North America. To accommodate this accelerated growth in products, services and customer support, we are continuing to expand and strengthen our infrastructure. This work includes key efforts in an organization-wide ERP (Enterprise Resource Planning) system, as well as re-engineering in specific facilities. More importantly, A. M. Castle continues to focus on developing the strongest service team in our industry. We are committed to developing our team to ensure that we have the right people, with the capabilities and experience needed, to provide our customers with best-in-class service and support

Contact Data
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In The News
Executives & Employees

President & Chief Executive Officer

Senior Vice President, General Counsel & Secretary

Chief Accounting Officer, Controller & Vice President

Executive Vice President, Finance & Administration

Executive Vice President, Global Supply & Aerospace

Vice President, Human Resources

General Manager

Media Director

Director of Accounting

Transportation Coordinator

Board of Directors

Managing Partner at Allied Sports

Co-Founder & Managing Director at Quest Turnaround Advisors LLC

President & Chief Executive Officer at Simpson Estates, Inc.

Former Director at A.M. Castle & Co.

President & Chief Executive Officer at A.M. Castle & Co.

Managing Director & Portfolio Manager at Highbridge Capital Management LLC

Former Analyst at Piper Sandler & Co.

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A.M. Castle & Co.
Owners & Shareholders
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Whitebox Advisors employs quantitative and qualitative analytics to seek arbitrage opportunities in strategies including, but not limited to, credit, relative value, equities and event-driven. The firm’s investment team typically focuses on arbitrage opportunities between markets and capital structures, using a combination of qualitative and other proprietary research to identify potential mispricing and arbitrage opportunities. Qualitative fundamental analysis research, which emphasizes a bottom-up approach, is combined with analytical screens, which include approaches such as statistical analyses, to source potential investment ideas. The Investment Committee evaluates investment opportunities and idea generation, performs comprehensive risk management reviews, and monitors allocations of capital, investment guidelines and compliance with established risk thresholds.

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Corre Partners Management focuses on identifying and investing in distressed or undervalued small- to mid-cap companies across the capital structure. The firm applies a fundamentally-driven analytical approach investment that places emphasis on downside protection. Investments may include bank loans, high yield bonds, convertible bonds, post-reorganized or turnaround equities or event-driven equity situations. In addition to credit and equities, Corre Partners Management also focuses on investing in trade claims.

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Corre Partners Management focuses on identifying and investing in distressed or undervalued small- to mid-cap companies across the capital structure. The firm applies a fundamentally-driven analytical approach investment that places emphasis on downside protection. Investments may include bank loans, high yield bonds, convertible bonds, post-reorganized or turnaround equities or event-driven equity situations. In addition to credit and equities, Corre Partners Management also focuses on investing in trade claims.

Recent Transactions
Details Hidden

W.B. & Co. purchases A.M. Castle & Co. from Raging Capital Management LLC

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Duferco SA, Duferco Steel, Inc. purchase Kreher Steel Co. LLC from A.M. Castle & Co.

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Prophet Equity LLC purchases Total Plastics, Inc. from A.M. Castle & Co.

Transaction Advisors
Accountant

Advised onNeonickel (Blackburn) Ltd. purchases A.M. Castle & Co.

Underwriter

Advised onA.M. Castle & Co. issued USD Common Stock

Investment Advisor

Advised onA.M. Castle & Co. purchases Tube Supply LLC

Investment Advisor

Advised onA.M. Castle & Co. purchases Transtar Metals Corp.

Legal Advisor

Advised onProphet Equity LLC purchases Total Plastics, Inc. from A.M. Castle & Co.

Associate

Advised onProphet Equity LLC purchases Total Plastics, Inc. from A.M. Castle & Co.

Advisors & Consultants
Legal Advisor

Chair, Employee Benefits & Executive Compensation Practice at Winston & Strawn LLP

Clients

General Dynamics is a market leader in business aviation; combat vehicles, weapons systems and munitions; shipbuilding and marine systems; and mission-critical information systems and technology. The company was formed in 1952 through the combination of the Electric Boat Company, Consolidated Vultee (CONVAIR) and several others. The company grew organically and through acquisitions until the early 1990s, when they sold many of our defense-related businesses. Starting in the mid-1990s, they began expanding by acquiring combat vehicle-related businesses, additional shipyards, information-technology product and service companies and Gulfstream Aerospace Corporation.

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defence systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defence systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in 1961 and is headquartered in Bethesda, MD.

The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, IL.

Key Stats and Financials As of 2019
Market Capitalization
$29.6M
Total Enterprise Value
$302M
Earnings Per Share
$-176.19
Revenue
$560M
EBITDA
$-39K
EBITDAMargin
-0.01%
TEVNet Income
-7.83x
Debt TEV
1.01x
Three Year Compounded Annual Growth Rate Of Revenue
1.63%
Five Year Compounded Annual Growth Rate Of Revenue
-10.6%
Enterprise Value / Sales
0.54x
Net Profit
$-38.5M
Total Equity
$-41.1M
Total Debt
$305M
Non-Profit Donations & Grants
$1,000 - $2,499
2010
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