— 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
Most Popular
What to look for when Hormel Foods (HRL) reports Q4 2023 earnings
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings
Kroger set to report Q3 results. Here’s everything you need to know
The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer
Earnings Preview: Salesforce will likely deliver another strong quarter
Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative
