Categories Earnings, Other Industries

AK Steel Holding Corp. (NYSE: AKS): Q4 2019 Earnings Snapshot

— AK Steel Holding Corp. (NYSE: AKS) reported a loss of $0.11 per share for the fourth quarter of 2019, on an adjusted basis, vs. $0.10 per share loss expected.

— On an unadjusted basis, the metal company reported a loss of $53.9 million or $0.17 per share, compared to net income of $33.5 million or $0.11 per share in the fourth quarter of 2018

— December-quarter net sales decreased to $1.45 billion from $1.68 billion last year, vs. $1.48 billion expected

— Adjusted EBITDA was $47.2 million during the three-month period, down from $135.5 million reported in the year-ago quarter

— During the year, the company reduced its outstanding long-term debt by $24.9 million and postretirement benefit obligations by $109.8 million

— Expects to make cash payments of around $25 million in fiscal 2020, related to the Ashland Works charges

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Also Read:  Earnings preview: Expenses likely to drown H&R Block to loss in Q2

Most Popular

Will the pandemic help or hurt Target (TGT)?

As the coronavirus pandemic rages on, major retailers continue to experience huge demand for food and essential items both in their stores and online. Target Corporation (NYSE: TGT) is one

GameStop (GME) swings to profit in Q4, beats estimates

GameStop Corp. (NYSE: GME) swung to a profit in the fourth quarter of 2019 from a loss last year, helped by lower costs and expenses despite a 28% dip in

Is Skechers’ global footprint strong enough to tide over present crisis?

Footwear maker Skechers USA, Inc. (NYSE: SKX) lost considerable market value in recent weeks and under-performed the industry, amid growing fears that a recession is imminent. The crisis has left

Tags