Global Brass & Copper (BRSS) Misses Q1 EPS by 18c; Affirms Outlook
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Global Brass and Copper Holdings, Inc. Reports First Quarter 2016 Financial Results
May 4, 2016 4:45 PM EDTFirst Quarter Highlights
Volume of 131.3 million pounds, an increase of 2.1% year-over-year; Adjusted EBITDA of $33.7 million, an increase of 15.0% year-over-year; Adjusted diluted earnings per common share of $0.65, an increase of 32.7% from $0.49 in the prior year period; Net income attributable to GBC of $12.2 million, which includes a $2.9 million loss on extinguishment of debt arising from the purchase of $35.5 million of senior secured notes; Diluted earnings per common share of $0.57, an increase of 50.0% versus $0.38 in the prior year period; and... More