August 26, 2016 9:38 AM ET

Metals and Mining

Company Overview of Aleris Corporation

Company Overview

Aleris Corporation, through its subsidiaries, manufactures and sells aluminum rolled products. The company operates through three segments: North America, Europe, and Asia Pacific. It offers rolled aluminum and coated products for the building and construction, truck trailer, automotive, metal distribution, and other general industrial and distribution end-uses, as well as for consumer durables that include cookware, fuel tanks, ventilation, cooling, and lamp bases. The company also provides aerospace plates and sheets; auto body sheets, such as inner, outer, and structural parts; clad brazing sheets that include heat exchanger materials for automotive and general industrial applications; an...

25825 Science Park Drive

Suite 400

Cleveland, OH 44122

United States

Founded in 1985

5,200 Employees

Phone:

216-910-3400

Fax:

216-910-3650

Key Executives for Aleris Corporation

Chief Executive Officer, President and Director
Age: 49
Chief Financial Officer, Executive Vice President and Treasurer
Age: 42
Executive Vice President and Chief Executive Officer of Rolled Products Europe
Senior Vice President and President of Aleris Rolled & Extruded Products - Europe
Age: 70
Senior Vice President and President of Aleris Asia Pacific
Compensation as of Fiscal Year 2016.

Aleris Corporation Key Developments

Aleris Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Second Half and Full Year of Fiscal 2016

Aleris Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's revenues were $704.9 million compared to $773.8 million a year ago. Operating income was $23.0 million compared to $8.3 million a year ago. Loss from continuing operations before income taxes was $3.6 million compared to $19.5 million a year ago. Loss from continuing operations was $13.0 million compared to $6.8 million a year ago. Net loss was $13.0 million compared to $18.6 million a year ago. Net loss income attributable to corporation was $13.0 million compared to $18.6 million a year ago. Net cash provided by operating activities was $33.3 million compared to $46.7 million a year ago. Payments for property, plant and equipment was $100.0 million compared to $55.5 million a year ago. Adjusted EBITDA was $64.5 million compared to $60.3 million a year ago. EBITDA was $43.9 million compared to $33.7 million a year ago. For the six months, the company's revenues were $1,367.4 million compared to $1,520.1 million a year ago. Operating income was $45.9 million compared to operating loss of $9.3 million a year ago. Loss from continuing operations before income taxes was $1.2 million compared to $47.4 million a year ago. Loss from continuing operations was $19.4 million compared to $32.5 million a year ago. Net loss was $19.4 million compared to net income of $86.9 million a year ago. Net loss attributable to corporation was $19.4 million compared to net income attributable to corporation of $86.8 million a year ago. Net cash provided by operating activities was $44.5 million compared to net cash used in operating activities of $73.3 million a year ago. Payments for property, plant and equipment was $222.1 million compared to $120.7 million a year ago. Adjusted EBITDA was $109.0 million compared to $115.3 million a year ago. EBITDA was $90.7 million compared to $68.8 million a year ago. Net debt was $1,220 million. The company estimate that segment income and adjusted EBITDA for the second half of 2016 will be higher than the second half of 2015. The company expects capital spending of approximately $350 million to $375 million in 2016, including the amounts spent through the second quarter of the year.

Aleris Corporation to Report Q2, 2016 Results on Aug 04, 2016

Aleris Corporation announced that they will report Q2, 2016 results on Aug 04, 2016

Aleris Corporation to Report Q2, 2016 Results on Aug 04, 2016

Aleris Corporation announced that they will report Q2, 2016 results at 9:00 AM, Eastern Standard Time on Aug 04, 2016

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