Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Global Brass and Copper Holdings Inc    BRSS

SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Global Brass and Copper Holdings, Inc. : Announces Cash Dividend

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/09/2018 | 10:23pm CEST

Quarterly dividend of $0.06 per share to be paid on March 2, 2018

Global Brass and Copper Holdings, Inc. (NYSE:BRSS) (the “Company”) announced today that, on February 9, 2018, the Company’s Board of Directors declared a quarterly cash dividend of $0.06 per share on the Company’s common stock for the fourth quarter of 2017. The dividend will be paid on March 2, 2018 to stockholders of record on the close of business on February 20, 2018.

The declaration and payment of any future dividend will be subject to the discretion of the Board of Directors and will depend on a variety of factors, including the Company’s financial condition and results of operations and contractual restrictions, such as the restrictive covenants contained in the Company’s credit agreement governing its term loan facility and in its credit agreement governing its asset-based revolving loan facility.

About Global Brass and Copper

Global Brass and Copper Holdings, Inc. is a leading, value-added converter, fabricator, processor and distributor of specialized non-ferrous products in North America. We engage in metal melting and casting, rolling, drawing, extruding, welding and stamping to fabricate finished and semi-finished alloy products from processed scrap, virgin metals and other refined metals. Our products include a wide range of sheet, strip, foil, rod, tube and fabricated metal component products that we sell under the Olin Brass, Chase Brass and A.J. Oster brand names. Our products are used in a variety of applications across diversified markets, including the building and housing, munitions, automotive, transportation, coinage, electronics/electrical components, industrial machinery and equipment and general consumer markets.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains “forward-looking statements” that involve risks and uncertainties. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “projects,” “may,” “would,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” “anticipates” or similar expressions that relate to our strategy, plans or intentions. All statements the Company makes relating to its estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results or to its expectations regarding future industry trends are forward-looking statements. In addition, the Company, through its senior management, from time to time makes or may make forward-looking public statements concerning its expected future operations and performance and other developments. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may change at any time, and, therefore, the Company’s actual results may differ materially from those that it expected. The Company derives many of its forward-looking statements from its operating budgets and forecasts, which are based upon many detailed assumptions. While the Company believes that its assumptions are reasonable, the Company cautions that it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect the Company’s actual results. Actual results may differ materially from these expectations due to various risks and uncertainties, including: the impact of our indebtedness; the effect of our ability to borrow money; our ability to implement our business strategies, including acquisition activities; our ability to continue implementing our balanced book approach to substantially reduce the impact of fluctuations in metal prices on our earnings and operating margins; shrinkage from processing operations and metal price fluctuations, particularly copper; the condition of various markets in which our customers operate, including the housing and commercial construction industries; our ability to maintain business relationships with our customers on favorable terms; the impact of a loss in customer volume or demand or a shift by customers of their manufacturing or sourcing offshore; our ability to compete effectively with existing and new competitors; the effects of industry consolidation or competition in our business lines; operational factors affecting the ongoing commercial operations of our facilities, including technology failures, regulatory approvals, permit issues, unscheduled blackouts, outages or repairs or unanticipated changes in energy costs; supply, demand, prices and other market conditions for our products; our ability to accommodate increases in production to meet demand for our products; government regulations relating to our products and services, including proposed EPA regulations regarding the registration and marketing of bactericidal copper products; our ability to maintain effective internal control over financial reporting; our ability to realize the planned cost savings and efficiency gains as part of our various initiatives; workplace safety issues; our ability to retain key employees; adverse developments in our relationship with our employees or the future terms of our collective bargaining agreements; rising employee medical costs; our ability to maintain the confidentiality of our proprietary information, to protect the validity, enforceability or scope of our intellectual property rights and manage litigation regarding our intellectual property rights; fluctuations in interest rates; and restrictive covenants in our indebtedness that may adversely affect our operational flexibility.

In addition, the matters referred to in the forward-looking statements contained in this press release may not in fact occur. Accordingly, investors should not place undue reliance on those statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.


© Business Wire 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GLOBAL BRASS AND COPPER HO
05/04GLOBAL BRASS AND COPPER : Reports First Quarter 2018 Financial Results
AQ
05/04GLOBAL BRASS AND COPPER : 1Q Earnings Snapshot
AQ
05/03GLOBAL BRASS AND COPPER : & COPPER HOLDINGS, INC. MANAGEMENT'S DISCUSSION AND AN..
AQ
05/03GLOBAL BRASS & COPPER HOLDINGS, INC. : Results of Operations and Financial Condi..
AQ
05/03GLOBAL BRASS AND COPPER HOLDINGS, IN : Reports First Quarter 2018 Financial Resu..
BU
04/23GLOBAL BRASS AND COPPER HOLDINGS, IN : Announces Date and Time for Release of Fi..
BU
03/02GLOBAL BRASS AND COPPER : Reports Fourth Quarter and Full Year 2017 Results
AQ
03/02GLOBAL BRASS AND COPPER HOLDINGS INC : Global Brass and Copper Holdings, Inc. to..
AC
03/01GLOBAL BRASS AND COPPER : & COPPER HOLDINGS, INC. Management's Discussion and An..
AQ
03/01GLOBAL BRASS & COPPER HOLDINGS, INC. : Results of Operations and Financial Condi..
AQ
More news
News from SeekingAlpha
05/11Global Brass and Copper goes ex-dividend on Monday 
05/06Global Brass and Copper Holdings' (BRSS) CEO John Wasz on Q1 2018 Results - E.. 
05/03Global Brass and Copper beats by $0.02, beats on revenue 
05/01XERIUM TECHNOLOGIES : The Cause For One's Case Of Delirium Or A Nice Improvement.. 
03/02Global Brass and Copper Holdings' (BRSS) CEO John Wasz on Q4 2017 Results - E.. 
Financials ($)
Sales 2018 1 872 M
EBIT 2018 101 M
Net income 2018 61,1 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 11,70
P/E ratio 2019 10,57
Capi. / Sales 2018 0,38x
Capi. / Sales 2019 0,36x
Capitalization 702 M
Chart GLOBAL BRASS AND COPPER HO
Duration : Period :
Global Brass and Copper Ho Technical Analysis Chart | BRSS | US37953G1031 | 4-Traders
Technical analysis trends GLOBAL BRASS AND COPPER HO
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 45,0 $
Spread / Average Target 42%
EPS Revisions
Managers
NameTitle
John J. Wasz President, Chief Executive Officer, COO & Director
John H. Walker Non-Executive Chairman
Christopher Kodosky Chief Financial & Accounting Officer
Ron C. Whitaker Lead Independent Director
Martin E. Welch Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GLOBAL BRASS AND COPPER HOLDINGS INC-3.47%702
TIANQI LITHIUM CORP--.--%9 009
GANFENG LITHIUM CO LTD--.--%7 915
INDUSTRIAS PENOLES SAB DE CV-17.88%7 132
AURUBIS-5.21%3 830
ALLEGHENY TECHNOLOGIES INCORPORATED17.27%3 557