A. M. Castle & Co. Files 10-K Extension

FRANKLIN PARK, Ill., March 16  /PRNewswire-FirstCall/ -- A. M. Castle & Co. (AMEX:CAS), one of North America's leading metals and plastics distributors, announced today that the Company has filed an extension notification with the SEC for its Annual Report on Form 10-K until March 31, 2006.  "Early adoption of FAS 123R-Accounting for Stock-Based Compensation, has developed into a more cumbersome task than we anticipated," said Larry Boik, Vice President of Finance and CFO.  "Retrospective adoption requires us to reflect stock option expensing in our financial statements for all prior periods reported within our current year 10-K filing.  Additionally, related footnotes and other disclosures must be updated.  The shear magnitude of the task has placed a very large workload on our staff, leading to the need for additional time to complete our 10-K filing and for our auditor's to complete the audit," continued Boik.

The Company released its fourth quarter and full year 2005 financial results (which include the effect of the early adoption of FAS 123R) on Monday, March 13th, 2006.  In addition, the Company held its quarterly conference call on the same date.  A webcast of the conference call is available via the Company's website at http://www.amcastle.com/ .

About A. M. Castle & Co.

Founded in 1890, A. M. Castle & Co. provides highly engineered materials and value added services to a wide range of companies within the producer durable equipment sector of the economy.  Its customer base includes many Fortune 500 companies as well as thousands of medium and smaller-sized firms spread across a wide spectrum of industries.  Within its core metals business, it specializes in the distribution of carbon, alloy and stainless steels; nickel alloys; and aluminum.  Through its subsidiary, Total Plastics, Inc., the Company also distributes a broad range of value-added industrial plastics. Together, Castle operates over 50 locations throughout North America.  Its common stock is traded on the American and Chicago Stock Exchange under the ticker symbol "CAS".

Safe Harbor Statement / Regulation G Disclosure

This release may contain forward-looking statements relating to future financial results.  Actual results may differ materially as a result of factors over which the Company has no control.  These risk factors and additional information are included in the Company's reports on file with the Securities Exchange Commission. 

DATASOURCE: A. M. Castle & Co.



CONTACT:  Larry A. Boik, Vice President-Finance & CFO of A. M. Castle &

Co., [phone],  , or Analysts, Katie Pyra of Ashton

Partners, [phone],  



Web site:  http://www.amcastle.com/ 

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