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|For Information: Sean Stack||For Immediate Release|
|Telephone: (216) 910-3504||March 27, 2008|
Aleris Reports Fourth Quarter and Full Year Results
BEACHWOOD, Ohio March 27, 2008 Aleris International, Inc. today reported results for the fourth quarter and full year ended December 31, 2007.
Strong free cash flow from continuing operations of $422 million
Completed the Wabash Alloys acquisition, providing additional customer diversification and scale that will allow us to continue to drive integration synergies
Strong gross productivity savings totaling $121 million
Ongoing initiatives to restructure European and North American operations
EBITDA from continuing operations, excluding special items, was $372 million
Pro forma adjusted EBITDA from continuing operations was $427 million
Fourth Quarter Summary
Strong free cash flow from continuing operations of $212 million
Completed strategic capital expansions; Koblenz 160 hot mill and Duffel plate program
EBITDA from continuing operations, excluding special items, was $49 million
Operating results negatively impacted by U.S. building and construction, automotive, and metal distribution volumes as well as costs related to European expansions
Strong gross productivity savings of $33 million
The following information was filed by Aleris International, Inc. on Thursday, March 27, 2008 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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