alerislogo1a01a01a01a02a22.jpg    
     For Immediate Release
     March 3, 2017
 

Aleris Reports Fourth Quarter and Full Year 2016 Results
CLEVELAND, Ohio – March 3, 2017 – Aleris Corporation today reported results for the three months and year ended ended December 31, 2016.
Fourth Quarter Summary
Net loss of $35 million compared to $13 million in the fourth quarter of 2015
Adjusted EBITDA of $43 million; up from $39 million in the fourth quarter of 2015
Stronger building and construction demand; stable global automotive volumes
Weak distribution demand; softening aerospace demand
Asia Pacific results continuing to benefit from growing aerospace volumes
Pro forma liquidity of $437 million, after giving effect to the February 2017 issuance of an additional $250 million of 9½% Senior Secured Notes due 2021

Full Year Summary
Net loss of $76 million compared to net income of $49 million in 2015
Adjusted EBITDA of $205 million; down from $223 million in 2015
Global aerospace volumes up 8%; global automotive volumes up 7%
Unfavorable impacts of $17 million from challenging metal spreads; $5 million from foreign currency
North America production issues and planned outages prevented full realization of demand
Announced a definitive agreement for Aleris Corporation to be acquired by Zhongwang USA LLC; targeting closing in the first quarter of 2017

First Quarter Outlook
Performance expected to be in line with or slightly above the first quarter of 2016
Lower volumes and a lower value-added mix of products sold
North America ABS project will unfavorably impact North America distribution volumes
Aerospace destocking; lower automotive volumes due to program timing
North America building and construction demand trends continue
Favorable scrap spread trends as aluminum prices increase
Aleris Operating System expected to drive productivity gains as operating performance improves

“Our solid fourth quarter performance across all regions, combined with the significant progress we’ve made on our strategic growth initiatives, gives us momentum in 2017,” Sean Stack, Aleris Chairman and CEO said. “Our China facility doubled its aerospace volumes over the past year and contributed positively to our results while our Lewisport automotive expansion is on track to hit key milestones and begin serving customers later this year. We are also encouraged by additional volume from our global aerospace customers that will provide a strong base for long-term growth.”

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The following information was filed by Aleris Corp (ARS) on Friday, March 3, 2017 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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