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Last $52.45 MXN
Change Today 0.00 / 0.00%
Volume 0.0
AKS* On Other Exchanges
Symbol
Exchange
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As of 4:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

ak steel holding corp (AKS*) Snapshot

Open
$52.00
Previous Close
$52.45
Day High
$52.45
Day Low
$52.00
52 Week High
08/26/14 - $148.00
52 Week Low
07/20/15 - $42.00
Market Cap
9.3B
Average Volume 10 Days
2.1K
EPS TTM
--
Shares Outstanding
177.8M
EX-Date
08/11/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AK STEEL HOLDING CORP (AKS*)

ak steel holding corp (AKS*) Related Businessweek News

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ak steel holding corp (AKS*) 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: 07/28/15
Founded in 1993

ak steel holding corp (AKS*) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $501.9K
Executive Vice President of Manufacturing
Total Annual Compensation: $393.2K
Compensation as of Fiscal Year 2014.

ak steel holding corp (AKS*) Key Developments

AK Steel Holding Reports Earnings Results for the Second Quarter and Six Months of 2015; Provides Earnings Guidance for the Third Quarter and Second-Half of 2015

AK Steel Holding reported earnings results for the second quarter and six months of 2015. For the quarter, the company reported net loss of $64 million, or $0.36 per share; compared to a net loss of $17.1 million, or $0.13 per share. Net sales were $1.69 billion, up from $1.53 billion reported for the same period last year. Adjusted EBITDA for the second quarter of 2015 was $47.6 million or $26 per ton. This compares to EBITDA of $57.5 million or $33 per ton in the first quarter of 2015. The primary driver of this decline was lower carbon steel spot market prices, partially offset by lower raw material cost. For the six months, revenues were more than $3.4 billion, an increase of approximately $526 million or 18% compared to the first half of 2014, and this was primarily due to the acquisition of Dearborn Works. Net loss was $370.3 million or $2.08 per share compared to a net loss $103.2 million or $0.76 per share for the first half of 2014. The company expects to generate improved results for the third quarter and for the second-half of 2015 as compared to the second quarter and first-half of 2015. Chief among these reasons are anticipated higher shipments, improving carbon steel spot market prices, increased production levels resulting in lower per ton operating costs, and the continuing benefit of lower raw materials costs, in particular, iron ore. The company expects shipments to customers in its large market, automotive, to remain strong.

AK Steel Announces New Research and Innovation Center in Middletown

AK Steel brooke ground on its new Research and Innovation Center in Middletown. The $36 million facility will be 135,000 square feet on 16 acres in the city's Renaissance District along Interstate 75. It will provide technical support for customers and develop new and improved steel products for a number of markets. The new facility will house 76 researchers, scientists and engineers, including 15 new full-time researchers. It will feature some of the company's products on its exterior design along with a lobbying showcase for products and technologies, a customer experience feature about the heritage of steelmaking, a tiered auditorium for technical conferences and a technical information center. The new facility is expected to be complete by late 2016 and will replace the existing research facility at another site in Middletown.

AK Steel Provides Earnings Guidance for the Second Quarter of 2015

AK Steel provided earnings guidance for the second quarter of 2015. For the period, the company expects net loss of $0.37 or $0.42 per diluted share of common stock. The company's expected second quarter results continued to be negatively impacted by lower carbon steel prices due to the continued high level of what the company believes are unfairly traded imports. The company said that it expects to record income tax expense of approximately $0.08 per diluted share for the second quarter of 2015 using the discrete method of accounting for income taxes. The company's income tax provision is primarily related to changes in the company's LIFO reserve, which results in a tax valuation allowance adjustment related to the company's deferred tax assets.

 

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