Global Brass & Copper (BRSS) Tops Q2 EPS by 28c

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Global Brass and Copper Holdings, Inc. Reports Second Quarter 2015 Financial Results

August 6, 2015 4:49 PM EDT

Second Quarter Highlights

Volume of 132.8 million pounds, a decrease of 1.5% year-over-year; Adjusted sales of $140.6 million, an increase of 2.2% year-over-year; Adjusted EBITDA of $41.0 million, an increase of 38.5% year-over-year; Adjusted diluted earnings per common share of $0.89 versus $0.49 in the prior year period; Net sales of $414.9 million, a decrease of 5.8% year-over-year; Net income attributable to GBC of $17.1 million, or $0.80 per diluted share, versus $9.0 million, or $0.42 per diluted share in prior year period; and... More