For Immediate Release
     November 5, 2019

Aleris Reports Third Quarter 2019 Results
CLEVELAND, Ohio – November 5, 2019 – Aleris Corporation today reported results for the three and nine months ended September 30, 2019.

Third Quarter Summary
Net income of $25 million compared to net loss of $26 million in the third quarter of 2018
Record Adjusted EBITDA of $115 million compared to $77 million in the third quarter of 2018
Global aerospace volumes increased on strong demand and growth
Global automotive volumes up on higher North America demand; Europe automotive volumes unfavorably impacted by regional demand softness
Favorable metal environment and improved rolling margins in North America
Liquidity of approximately $368 million as of September 30, 2019

Fourth Quarter Outlook
Fourth quarter 2019 segment income and Adjusted EBITDA expected to be higher than the fourth quarter of 2018 and sequentially lower due to normal seasonality
Global aerospace volumes expected to benefit from strong demand and fundamentals
North America automotive sales expected to continue to increase based on committed volumes but could see temporary softness due to labor disruption in the automotive supply chain
Continued softness expected for European automotive, heat exchanger and regional end-uses
Favorable year-over-year rolling margins expected in North America

“Our global aerospace and automotive capabilities along with our North America common alloy and scrap position have once again led the way to another record quarter,” Sean Stack, Aleris Chairman and CEO said. “We’ve been well positioned to capitalize on demand opportunities in our higher value end uses and we expect this momentum to continue through the end of the year. I am proud of our Aleris team for the unwavering focus on serving customers as we’ve successfully shifted the business toward the production of higher value products.” 


The following information was filed by Aleris Corp on Tuesday, November 5, 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.

View differences made from one quarter to another to evaluate Aleris Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Aleris Corp.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019) Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019) Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account