Pink Sheets: Wescast Industries Inc (WCSTF) news stock charts
Wescast Industries Inc (WCSTF/WCSTF.PK) Penny Investment Summary:
Wescast Industries, Inc. designs, casts, machines, and assembles iron exhaust system components for automotive original equipment manufacturers and customers for the car and light truck markets. The company offers catalytic converter containers, exhaust manifolds, turbo charger housings, and integrated turbo manifolds. It operates in North America, Europe, and Asia. The company was founded in 1901 and is based in Brantford, Canada.WESCAST INDUSTRIES INC-CL A (WCSTF:OTC)
Snapshot of WESCAST INDUSTRIES INC-CL A (WCSTF)
|
OPEN
$2.17
|
PREVIOUS CLOSE
$2.17
|
|
|
DAY HIGH
$2.17
|
DAY LOW
$2.17
|
|
|
52 WEEK HIGH
09/2/09 - $2.82
|
52 WEEK LOW
04/22/09 - $0.50
|
|
|
MARKET CAP
30.0M
|
AVERAGE VOLUME 10 D
0.0
|
|
|
EPS TTM
--
|
SHARES OUTSTANDING
5.8M
|
|
|
EX-DATE
03/3/08
|
P/E TTM
--
|
|
|
DIVIDEND
--
|
DIVIDEND YIELD
0.00%
|
|
| K = Thousands M = Millions B = Billions | ||
Key developments for WESCAST INDUSTRIES INC-CL A (WCSTF)
Wescast Industries Inc. expected to Report Fiscal Year 2009 Results on March 24, 2010. This event was calculated by Capital IQ (Created on March 18, 2010).
Wescast Industries Inc. reported consolidated earnings results for the third quarter and nine months ended September 27, 2009. The company reported consolidated sales of CAD 52.2 million, a decline of 25.4% compared to the CAD 69.9 million reported in the third quarter of 2008, reflecting much lower sales generated by the Company's North American and European operations. The level of sales generated in North America and Europe was significantly impacted by the continuing recession. The company's primary North American customer base, the Detroit 3 automakers, experienced a 23.8% decline in light vehicle production in the third quarter of 2009 compared to the same period of 2008. The company reported a net loss of CAD 6.1 million for the quarter compared with a net loss of CAD 9.8 million reported in the third quarter of 2008. Excluding the restructuring charge of CAD 2.6 million which was recorded in the third quarter of 2008, the Company still reported improved results in the third quarter of 2009 compared to 2008 even though casting and machining volumes were significantly lower. Reduced fixed costs, due to the various restructuring activities that have occurred, and lower raw material costs had a significant positive impact on the financial results during the quarter. The third quarter net loss per share on a diluted basis was CAD 0.46, compared with a net loss per share of CAD 0.75 reported in the third quarter of 2008. For the period, the company reported cash used in operations of CAD 8.4 million compared to cash used in operations of CAD 2.6 million for the same period a year ago. For the nine months, the company reported net sales of CAD 144.3 million and net loss of CAD 24.04 million or CAD 1.82 per diluted share compared to net sales of CAD 239.6 million and net loss of CAD 15.01 million or CAD 1.14 per diluted share for the same period a year ago. For the period, the company reported cash used in operations of CAD 4.7 million compared to cash used in operations of CAD 10.6 million for the same period a year ago.
Wescast Industries Inc. announced the resignation of Kent Harris who has been the company's Chief Financial Officer, effective October 30, 2009.
Wescast Industries Inc financial resources
WCSTF Competitors
| Company | Last | Change | |
| No competitor information is available for WCSTF. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | WCSTF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.2x |
|
| Price/Book | 0.2x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.0x |
|
|
WCSTF |
||
WCSTF transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||