For Immediate Release
     August 9, 2017

Aleris Reports Second Quarter 2017 Results
CLEVELAND, Ohio – August 9, 2017 – Aleris Corporation today reported results for the three and six months ended June 30, 2017.

Second Quarter Summary
Net loss of $2 million compared to net loss of $13 million in the second quarter of 2016
Adjusted EBITDA of $66 million; up from $65 million in the second quarter of 2016
Solid rebound in North America through better demand, margins and operating performance
Europe plate and sheet mix improvement partially offset aerospace and automotive headwinds
Europe unfavorably impacted by weaker U.S. dollar
North America autobody sheet project continues to progress on schedule
Liquidity of approximately $300 million as of June 30, 2017

Third Quarter Outlook
Segment income and Adjusted EBITDA expected to be modestly lower than the third quarter of 2016
Third quarter results will be impacted by major Lewisport outage tied to hot mill upgrades
After outage, Lewisport expected to be positioned for autobody sheet production in 2017
Recent choppy housing starts leading to customer inventory rebalancing early in the quarter
Improved metal spreads expected to continue to benefit North America
Aerospace softness due to continued supply chain destocking and automotive model launch delays will impact Europe volumes
Weakening U.S. dollar will negatively impact Europe results
Solid regional demand continues in Europe with continued focus on our product mix

“We delivered solid results in the second quarter and first half,” Sean Stack, Aleris Chairman and CEO said. “I am very pleased with our global team’s focus and execution during the quarter, delivering much stronger operating performance while also making substantial progress on our Lewisport automotive expansion. As we expect to conclude the project later this year and begin shipping product, we will have strategically repositioned our business, enabling Aleris to focus on higher growth and a much higher value added mix.”


The following information was filed by Aleris Corp (ARS) on Wednesday, August 9, 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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