AK Steel Announces Full-Year and Fourth Quarter 2017 Financial Results
AK STEEL HOLDINGS (AKS)
Last ak steel holdings earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
ir.aksteel.com/investor-relations
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Source: GlobeNewswire
WEST CHESTER, Ohio, Jan. 30, 2018 (GLOBE NEWSWIRE) -- AK Steel (NYSE:AKS) today reported its financial results for the fourth quarter and full-year 2017. Full-Year and Fourth Quarter 2017 Highlights Full-year 2017 net income of $10.0 million, or $0.03 per diluted share; adjusted net income of $98.4 million, or $0.31 per diluted shareFull-year 2017 adjusted EBITDA of $419.5 million, or 6.9% of net salesFourth quarter 2017 net loss of $107.9 million, or $0.34 per diluted share; adjusted net loss of $19.5 million, or $0.06 per diluted shareFourth quarter 2017 adjusted EBITDA of $65.4 million, or 4.4% of net salesNon-cash asset impairment charge of $76 million for Ashland Works Hot End “We were pleased with our full-year results. Our fourth quarter was consistent with our expectation and reflected the impact of the major planned maintenance outages, which we completed on time and on budget,” said Roger K. Newport, Chief Executive Officer of AK Steel. “We are enthusiastic about 2018
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