Last €3.40 EUR
Change Today +0.082 / 2.47%
Volume 1.0K
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As of 3:19 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

ak steel holding corp (AK2) Snapshot

Open
€3.24
Previous Close
€3.32
Day High
€3.40
Day Low
€3.22
52 Week High
08/26/14 - €8.62
52 Week Low
01/30/15 - €3.22
Market Cap
601.7M
Average Volume 10 Days
935.5
EPS TTM
--
Shares Outstanding
177.1M
EX-Date
08/11/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AK STEEL HOLDING CORP (AK2)

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ak steel holding corp (AK2) Details

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, including coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms. The company also produces carbon and stainless steel that is finished into welded steel tubing, which is used in the automotive, large truck, industrial, and construction markets; buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania. It sells its flat-rolled carbon steel products primarily to automotive manufacturers and to customers in the infrastructure and manufacturing markets, including electrical transmission, heating, ventilation and air conditioning equipment, and appliances; and coated, cold-rolled, and hot-rolled carbon steel products to distributors, service centers, and converters. The company sells its stainless steel products to manufacturers and their suppliers in the automotive industry; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers. It also sells electrical steel products to manufacturers of power transmission and distribution transformers, as well as for use in the manufacture of electrical motors and generators. AK Steel Holding Corporation was founded in 1993 and is headquartered in West Chester, Ohio.

8,000 Employees
Last Reported Date: 01/27/15
Founded in 1993

ak steel holding corp (AK2) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $360.0K
Vice President of Operations
Total Annual Compensation: $320.0K
Chief Legal & Administrative Officer, Executi...
Total Annual Compensation: $637.5K
Compensation as of Fiscal Year 2013.

ak steel holding corp (AK2) Key Developments

AK Steel Holding Corporation Appoints Sheri H. Edison to its Audit Committee, Management Development and Compensation Committee and Nominating and Governance Committee

On January 22, 2015, the Board of AK Steel Holding Corporation appointed Ms. Sheri H. Edison to its audit committee, management development and compensation committee and nominating and governance committee. The company elected Ms. Sheri H. Edison as a director of the company, effective August 1, 2014.

AK Steel Holding Corporation Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Investments Guidance for the Year 2015

AK Steel Holding Corporation announced unaudited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $1,997.6 million against $1,464.8 million a year ago. Operating profit was $74.5 million against $63.0 million a year ago. Income before income taxes was $29.9 million against $27.8 million a year ago. Net income attributable to the company was $13.5 million or $0.07 per diluted share against $35.2 million or $0.26 per diluted share a year ago. Excluding the fourth quarter effects of pension and other postretirement benefit (OPEB) charges and one-time expenses associated with the acquisition of Severstal Dearborn, LLC, the company reported adjusted net income of $26.1 million, or $0.14 per diluted share, for the fourth quarter of 2014 against $35.2 million or $0.26 per diluted share a year ago. Neither the pension corridor charge nor OPEB loss had any current cash flow impact. The company reported adjusted EBITDA of $117.0 million, or $58 per ton, for the fourth quarter of 2014 compared to $87.2 million, or $61 per ton, for the fourth quarter of 2013. The company's results compared favorably to a third quarter 2014 net loss of $7.2 million, or $0.05 per diluted share, and third quarter adjusted EBITDA of $100.5 million, or $69 per ton, despite the fact the company experienced $31 million in costs in the fourth quarter associated with a planned outage at its Ashland Works blast furnace. EBITDA was $130.4 million against $107.4 million a year ago. For the fourth quarter of 2014, capital investments totaled approximately $42 million compared to roughly $11 million in the third quarter. For the full year, the company reported net sales of $6,505.7 million against $5,570.4 million a year ago. Operating profit was $139.4 million against $135.8 million a year ago. Loss before income taxes was $26.4 million against income before income taxes of $7.0 million a year ago. Net loss attributable to the company was $96.9 million or $0.65 per diluted share against $46.8 million or $0.34 per diluted share a year ago. Excluding the effects of the pension corridor and OPEB settlement charges and acquisition-related expenses, the company reported an adjusted net loss of $59.7 million, or $0.40 per diluted share against $46.8 million or $0.34 per diluted share a year ago. The company reported adjusted EBITDA of $280.2 million, or $46 per ton, for 2014 compared to adjusted EBITDA of $255.0 million, or $48 per ton, for 2013. Net cash outflows from operating activities were $322.8 million against $110.2 million a year ago. EBITDA was $328.6 million against $333.3 million a year ago. For the year, capital investments totaled $80 million compared to $60 million in 2013. For the fourth quarter, the company reported shipments of 2,010,200 tons, compared to shipments of 1,420,000 tons for the year-ago fourth quarter and shipments of 1,462,900 tons for the third quarter of 2014. The increase in shipments in the fourth quarter of 2014 compared to the year-ago quarter was principally due to the acquisition of Dearborn Works and continued strong demand from the automotive market. The increase in shipments in the fourth quarter of 2014 compared to the third quarter of 2014 was largely due to the acquisition of Dearborn Works and increased shipments to the carbon spot market. For the year, the company’s shipments for 2014 were 6,132,700 tons, an increase of 16% from 5,275,900 tons in 2013. Both net sales and shipments increases were principally due to the acquisition of Dearborn Works and increased demand from the automotive market. In 2015, the company anticipates approximately $150 million in capital investments, with approximately 20% of these investments targeted to projects that will enhance the business and margins and the balance being mostly in maintenance CapEx.

AK Steel Holding Corporation to Report Q4, 2014 Results on Jan 27, 2015

AK Steel Holding Corporation announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Jan 27, 2015

 

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Price/Cash Flow 6.4x
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