A. M. Castle & Co. provided earnings guidance for the year 2013. For the year 2013, the company anticipates operating profit improvement of $33 million once this plan is fully implemented in 2013.

The company expects the actions to result in approximately $21 million of annualized cost reductions and $12 million in gross margin enhancement. Pretax charges to be $10 million in 2013 earnings associated with implementing this plan.