For Immediate Release
     November 7, 2018

Aleris Reports Third Quarter 2018 Results
CLEVELAND, Ohio – November 7, 2018 – Aleris Corporation today reported results for the three and nine months ended September 30, 2018.

Third Quarter Summary
Net loss of $26 million compared to net loss of $66 million in the third quarter of 2017
Adjusted EBITDA of $77 million compared to $46 million in the third quarter of 2017
Global aerospace volumes returned to growth as destocking subsides; record volumes in Asia Pacific
Higher automotive volumes in Europe from strong demand and improved operating performance
Increasing commercial shipments from North America automotive assets; began supplying primary automotive OEM customer under long-term contract
Continued strong building and construction demand and favorable metal environment in North America
Improved performance in North America also attributed to the non-recurrence of prior year major hot mill outage
Liquidity of approximately $475 million as of September 30, 2018

Fourth quarter segment income and Adjusted EBITDA expected to be sequentially lower but higher than the fourth quarter of 2017
Commercial shipments from North America automotive assets are expected to continue to increase based on committed volumes; start-up costs expected to continue to decline
Global aerospace volumes expected to benefit from higher aircraft production rates
European automotive volume expected to continue to benefit from new model launches
Favorable year-over-year metal spreads and rolling margins expected in North America
Continued inflationary cost pressure expected, particularly in North America freight

“Our dual focus on strengthening operational performance while executing our growth strategy led to a strong third quarter, as we achieved record automotive volumes and saw a sharp improvement in aerospace demand,” Sean Stack, Aleris Chairman & CEO said. “With our Lewisport, Kentucky automotive facility now delivering products to customers, and deliveries under our long-term aerospace agreements, we expect these trends to continue and look forward to a strong finish to 2018.”


The following information was filed by Aleris Corp on Wednesday, November 7, 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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