Global Brass & Copper (BRSS) Misses Q1 EPS by 18c; Affirms Outlook

Global Brass & Copper (NYSE: BRSS) reported Q1 EPS of $0.38, $0.18 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $328.9 million versus the consensus estimate of $347.87 million.

2016 Guidance

We reaffirm our full-year 2016 guidance and expect:

• Shipment volumes to range from 510 million pounds to 545 million pounds; and
• Adjusted EBITDA to range from $115 million to $125 million.

For earnings history and earnings-related data on Global Brass & Copper (BRSS) click here.

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