For Immediate Release
     May 3, 2018

Aleris Reports First Quarter 2018 Results
CLEVELAND, Ohio – May 3, 2018 – Aleris Corporation today reported results for the three months ended March 31, 2018.

First Quarter Summary
Net income of $5 million compared to net loss of $35 million in the first quarter of 2017
Adjusted EBITDA of $54 million; up from $52 million in the first quarter of 2017
North America benefited from strong demand, improved operating performance and a favorable metal environment
Higher global automotive volumes from strong Europe demand and commercial shipments from new North America automotive assets
Europe unfavorably impacted by continued aerospace destocking headwinds, price pressure and a weaker U.S. dollar
Asia Pacific aerospace volume growth drove improvements
Liquidity of approximately $243 million as of March 31, 2018; liquidity does not include the final $20 million installment of customer capacity reservation fees received early in the second quarter of 2018
Second quarter segment income and Adjusted EBITDA expected to be meaningfully higher than the second quarter of 2017 from anticipated increases in global automotive and North America building and construction and distribution volumes, as well as favorable metal spreads
Continue to expect that full year 2018 segment income and Adjusted EBITDA will be substantially higher than prior year
Commercial shipments from new North America automotive assets are expected to show significant ramp up in second half of 2018 based on committed volumes
Global aerospace volumes expected to benefit from higher aircraft production rates and new global, multi-year customer contracts after inventory destocking subsides, anticipated in the second half of the year
European automotive volume expected to benefit from new model launches
Favorable year-over-year scrap spreads expected in North America, particularly through the second quarter of 2018
A weaker U.S. dollar will negatively impact results in 2018

“The execution of our strategy is beginning to deliver benefits, as the multiple investments we’ve made to service higher value industries from strategic locations are now working in concert to drive sustainable growth,” Sean Stack, Aleris Chairman and CEO said. “With solid demand expected to continue in automotive, aerospace and building and construction, and our continued focus on operational excellence, we expect to deliver strong results in the second quarter and beyond.”


The following information was filed by Aleris Corp on Thursday, May 3, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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