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

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top