Global Brass & Copper (BRSS) Misses Q2 EPS by 19c
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Global Brass and Copper Holdings, Inc. Reports Second Quarter 2016 Financial Results
August 4, 2016 4:37 PM EDTCompany Reaffirms 2016 Full-Year Guidance
Second Quarter Highlights
Olin Brass East Alton facility resumed production on June 11th as scheduled after a production outage in May 2016; 2015 results include a $6.3 million gain on sale of investment with no such gain being reported in 2016; Volume of 131.8 million pounds, a decrease of 0.8% year-over-year; Net income attributable to GBC of $8.4 million, a decrease of 50.9% year-over-year; Adjusted EBITDA of $25.9 million, a decrease of 36.8% year-over-year; Diluted earnings per common share of... More