Metals and Mining
Company Overview of Aleris Corporation
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
Cleveland, OH 44122
Founded in 1985
Key Executives for Aleris Corporation
Chief Executive Officer, President and Director
Chief Financial Officer, Executive Vice President and Treasurer
Executive Vice President and Chief Executive Officer of Rolled Products Europe
Senior Vice President and President of Aleris Rolled & Extruded Products - Europe
Senior Vice President and President of Aleris Asia Pacific
Compensation as of Fiscal Year 2016.
Aleris Corporation Key Developments
Aleris Secures New Multi-Year Contract with Airbus for Significantly Expanded Range of Aluminum Products
Jul 19 16
Aleris signed a new multi-year contract with Airbus to supply aluminum plate and sheet to be used in the production of all Airbus aircraft programs. The contract starts in 2017 and also includes the supply of technically advanced wing skin material. The contract includes the supply of material from the company's facilities in Koblenz, Germany and Zhenjiang, China, the latter of which represents a $350 Million greenfield project for Aleris.
Aleris Corporation Appoints Jack Govers as Executive Vice President, President of Europe and Global Markets
Jun 21 16
Aleris Corporation announced that it has appointed Jack Govers as executive vice president, president of Europe and Global Markets. In this role, Govers will oversee all aspects of the European business as well as the company's global automotive and aerospace strategy. Govers joined Aleris on June 20 and will report directly to Sean Stack, Aleris president and chief executive officer. Govers most recently served as general manager, Global Forms for SABIC. In this capacity, he was leading a global business team focused on serving and innovating with customers in the automotive, aerospace and consumer electronics markets.
Aleris Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for the Second Quarter and CapEx Guidance for the Full Year of 2016
May 5 16
Aleris Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues of $662.5 million compared to $746.2 million a year ago. Operating income was $23.0 million compared to loss of $17.5 million a year ago. Income from continuing operations before income taxes was $2.4 million compared to loss of $27.9 million a year ago. Loss from continuing operations was $6.3 million compared to $25.6 million a year ago. Net loss was $6.3 million compared to income of $105.5 million a year ago. Net loss attributable to the company was $6.3 million compared to income of $105.4 million a year ago. Total adjusted EBITDA was $44.5 million compared to $55.0 million a year ago. Net cash provided by operating activities was $11.2 million compared to net cash used by operating activities of $120.3 million a year ago. Payments for property, plant and equipment were $122.0 million compared to $65.2 million a year ago. EBITDA was $46.8 million compared to $35.2 million a year ago. In the first quarter of 2016, capital expenditures were $122 million, the majority of which was spent on North America autobody sheet project at Lewisport, Kentucky facility and related spending to upgrade critical equipment and capabilities at the facility.
The company provided earnings guidance for the second quarter and CapEx guidance for the full year of 2016. The company estimates second quarter 2016 segment income and adjusted EBITDA will be higher than both the first quarter of 2016 and the second quarter of 2015. Factors influencing anticipated second quarter 2016 performance include: global automotive and aerospace volumes expected to exceed prior year; improved North America building and construction and distribution volumes expected to more than offset lower truck trailer volumes; order patterns for regionally-based Europe plate and sheet products will continue to outpace prior year; unfavorable metal spreads, tight scrap supply and a weaker U.S. dollar will continue to impact results; and the company’s operating system expected to drive favorable productivity and improved operating performance to capitalize on strong demand. Capital expenditures during the second quarter of 2016 are expected to be higher than the second quarter of 2015.
The company expects capital spending of approximately $350 million to $375 million in 2016, including the amounts spent in the first quarter of the year.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|