AM Castle & — Q1 2014 Earnings Presentation
12 slides from AM Castle &'s earnings presentation, Apr 29, 2014
Slide 1: Supplement: Q1 2014 Earnings Conference Call
A. M. Castle & Co. Supplement: Q1 2014 Earnings Conference Call ® April 29, 2014 NYSE: CAS A.M. Castle & Co.
Slide 2: Forward Looking Statements
Forward Looking Statements ® Information provided and statements contained in this presentation that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), Section 21E of the Securities Exchange Act of
Slide 3: Regulation G & Other Cautionary Notes
Regulation G & Other Cautionary Notes ® This presentation includes non-GAAP financial measures to assist the reader in understanding our business. The non-GAAP financial information should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in ac
Slide 4: Status of Primary Macro Data Points
Status of Primary Macro Data Points ® • PMI: (Institute for Supply Management - ISM) Average PMI for Q1’14 was 53 versus 57 for Q4’13 and 53 for Q1’13 ISM reports indicated that weather conditions negatively impacted business activity in the manufacturing industry in Q1’14 • North American Rig C
Slide 5: Key Metrics
Key Metrics ® • Metals segment sales quotes: Quotes increased 2.3% in Q1’14 compared to Q1’13 Quote closure rates increased 1.7% in Q1’14 compared to Q1’13 • Metals segment average sales price and volume: Average sales price per ton decreased 10.5% in Q1’14 compared to Q1’13 Tons sold decrea
Slide 6: Selected Results
Selected Results ® SELECTED CONSOLIDATED RESULTS Three Months Ended (Unaudited - $ are in Millions, except per share) March 31, 2014 2013 Net Sales $ 253.4 $ 292.7 Metals $ 219.1 $ 258.4 Plastics $ 34.3 $ 34.3 Gross Material Margins 25.6% 25.0% Operating Expenses $ 72.2 $ 74.3 Operating Expense Marg
Slide 7: Liquidity and Balance Sheet
Liquidity and Balance Sheet ® SELECTED CONSOLIDATED RESULTS Three Months Ended ($ are in Millions) March 31, Unaudited 2014 2013 Cash From (Used in) Operations $ (2.9) $ 32.6 Cash Paid for CapEx $ (2.0) $ (1.9) Avg Days Sales in Inventory 164 173 Avg Receivables Days Outstanding 49 51 SELECTED CONSO
Slide 8: Commercial Improvement Strategy
Commercial Improvement Strategy ® Strategic Objective Status Update • Realign sales organization into geographic territories where local Implemented in Q1’14 - teams are accountable for selling all of our products and services Quotes increased 2.3% in Q1’14 compared to Q1’13 • Establish clear territ
Slide 9: Appendix
a) APPENDIX A.M. Castle & Co. 9
Slide 10: SEC Regulation G Non-GAAP Reconciliation
SEC Regulation G Non-GAAP Reconciliation ® Three Months Ended Reconciliation of Adjusted Non-GAAP Net Loss to Reported Net Loss: March 31, ($ are in Millions, except per share data) 2014 2013 Unaudited Net Loss, as reported $ (16.0) $ (10.6) Restructuring Charges 0.7 3.0 Unrealized (Gains) Losses on
Slide 11: Non-GAAP Reconciliation
Non-GAAP Reconciliation ® Reconciliation of Operating Expenses excluding Restructuring Charges to Three Months Ended Operating Expenses March 31, ($ are in Millions) 2014 2013 Unaudited Operating Expenses $ 72.2 $ 74.3 Restructuring Charges 0.7 2.2 Operating Expenses excluding Restructuring Charges
Slide 12: Thank You
Thank You ® NYSE: CAS A.M. Castle & Co.