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Last $21.83 USD
Change Today -0.70 / -3.11%
Volume 1.8M
ATI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

allegheny technologies inc (ATI) Key Developments

Allegheny Technologies Inc. Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015

Allegheny Technologies Inc. Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 . Venue: The Westin Chicago River North, 320 North Dearborn Street, Chicago, IL 60654, United States. Speakers: Patrick J. DeCourcy, Chief Financial Officer and Senior Vice President of Finance.

Allegheny Technologies Incorporated Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides CapEx Guidance for 2015

Allegheny Technologies Incorporated announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported second quarter 2015 sales of $1.02 billion and a net loss attributable to company of $16.4 million, or $0.15 per diluted share. Results were adversely affected by lower demand in both the Flat Rolled Products and High Performance Materials and Components segments. Sales declined 9% compared to the first quarter 2015, when ATI reported net income of $10.0 million, or $0.09 per share. Results for the second quarter 2014 were sales of $1.12 billion and a net loss from continuing operations attributable to company of 4.0 million, or $0.03 per diluted share. Sales decreased 1% compared to the second quarter 2014 primarily as a result of lower mill product shipments. Loss from continuing operations before income taxes was $21.6 million against $3.4 million a year ago. Loss from continuing operations was $13.9 million against $0.5 million a year ago. For the six months, the company reported sales of $2,148.0 million against $2,106.3 million a year ago. Loss from continuing operations before income taxes was $1.0 million against $29.4 million a year ago. Loss from continuing operations was $1.3 million against $16.5 million a year ago. Net loss attributable to company was $6.4 million or $0.06 per diluted share against $24.0 million or $0.22 per diluted share a year ago. Cash provided by operating activities was $91.5 million against cash used in operating activities of $37.5 million a year ago. Purchases of property, plant and equipment was $63.3 million against $97.9 million a year ago. Net debt as at June 30, 2015 was $1,270.1 million. Including expected payments associated with the HRPF project, the company now expects 2015 capital expenditures to be approximately $250 million, of which $63 million has been spent in the first six months of 2015.

Allegheny Technologies Inc. Provides Earnings Guidance for the Second Quarter of 2015

Allegheny Technologies Inc. provided earnings guidance for the second quarter of 2015. The company announced it expected to report second quarter 2015 loss of $16 to $18 million, or $0.15 to $0.17 per share, citing challenging business conditions in its flat rolled products business and further weakening in demand from the oil and gas market. The company said its second quarter performance continued to be pressured by the company Flat Rolled Products segment, which recorded its sixth quarterly operating loss over the last eight quarters. Base-selling prices for standard stainless steel sheet products fell throughout the second quarter due primarily to a record surge of low-priced imports, primarily from China, and aggressive inventory reductions by distribution customers. In addition, product margins were pressured as raw material surcharges fell throughout the second quarter primarily due to lower prices for nickel units. Shipments of standard stainless products fell significantly, compared to the first quarter 2015, as many customers reduced inventories throughout the quarter as base-selling prices and raw materials surcharges fell.

Allegheny Technologies Inc. to Report Q2, 2015 Results on Jul 21, 2015

Allegheny Technologies Inc. announced that they will report Q2, 2015 results at 11:45 AM, GMT Standard Time on Jul 21, 2015

Allegheny Technologies Inc., Q2 2015 Earnings Call, Jul 21, 2015

Allegheny Technologies Inc., Q2 2015 Earnings Call, Jul 21, 2015

 

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