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

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