For Immediate Release
     May 8, 2019

Aleris Reports First Quarter 2019 Results
CLEVELAND, Ohio – May 8, 2019 – Aleris Corporation today reported results for the three months ended March 31, 2019.

First Quarter Summary
Net loss of $33 million compared to net income of $5 million in the first quarter of 2018
Record first quarter Adjusted EBITDA of $85 million compared to $54 million in 2018
Global aerospace volumes increased significantly, benefiting from multi-year contracts and continued growth in Asia Pacific
Global automotive volumes up due to increased commercial shipments from North America automotive assets
Favorable metal environment and improved rolling margins in North America
Liquidity of approximately $384 million as of March 31, 2019

Second Quarter Outlook
Second quarter 2019 segment income and Adjusted EBITDA expected to be higher sequentially and higher than the second quarter of 2018
Global aerospace volumes expected to increase, continuing to benefit from our new multi-year contracts
Commercial shipments from North America automotive assets expected to continue to grow based on committed volumes
European automotive and heat exchanger end-uses showing signs of softness
Favorable year-over-year metal spreads and rolling margins expected in North America
Continued inflationary cost pressure expected

“We are off to a strong start this year with record first quarter Adjusted EBITDA, significant growth in aerospace and continued growth in commercial shipments from our new automotive assets in North America,” Sean Stack, Aleris Chairman and CEO said. “Following the hard work by our teams to ramp up the strategic investments we have made to serve these industries, it’s both exciting and rewarding to see these strong results. With our multi-year aerospace agreements in place and committed automotive volumes in North America, we expect to continue this momentum in the second quarter.”


The following information was filed by Aleris Corp on Wednesday, May 8, 2019 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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