For Immediate Release
     May 4, 2017

Aleris Reports First Quarter 2017 Results
CLEVELAND, Ohio – May 4, 2017 – Aleris Corporation today reported results for the three months ended March 31, 2017.

First Quarter Summary
Net loss of $35 million compared to $6 million in the first quarter of 2016
Adjusted EBITDA of $52 million; up 16 percent from $45 million in the first quarter of 2016
Improved operating performance and productivity drove Adjusted EBITDA increase despite weaker mix and lower volumes
North America favorably impacted by higher building and construction volumes and favorable scrap spreads
Europe coil and sheet mix improvement partially offset aerospace and automotive headwinds
Liquidity of $394 million; completed issuance of an additional $250 million of 9½% Senior Secured Notes due 2021

Second Quarter Outlook
Segment income and Adjusted EBITDA expected to be in line with the second quarter of 2016
Continued demand growth for North America building and construction
Improved operating performance and an inventory build in advance of an extended Lewisport outage are expected to drive productivity and cost absorption benefits offsetting the outage impact
Favorable scrap spreads resulting from higher aluminum prices
Europe to be unfavorably impacted by continued aerospace destocking

“Improving operational performance globally and healthy demand in the North American building and construction industry led to solid year-over-year performance improvement in the first quarter, despite some demand softness in aerospace and weaker than normal first quarter automotive volumes,” Sean Stack, chairman and CEO said. “Our continued focus on operational excellence is delivering results, allowing us to better serve customers and strengthening our position as we head into the final stages of ramping up our new automotive capabilities in Lewisport, Kentucky.”
“As we look to the second quarter, we expect to benefit from the continued strength in building and construction in the U.S. as well as favorable aluminum prices,” Stack said. “Aerospace inventory destocking will continue to impact demand in the short term, but we remain confident we are positioned to meet the long-term trends for aluminum in the industry.”


The following information was filed by Aleris Corp (ARS) on Thursday, May 4, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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