Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1018963/000101896317000007/atify201610-k.htm
Exhibit 99.1
ATI Announces Fourth Quarter and Full Year 2016 Results
Fourth Quarter 2016 Results
Full Year 2016 Results
PITTSBURGH--(BUSINESS WIRE)--January 24, 2017--Allegheny Technologies Incorporated (NYSE: ATI) reported fourth quarter 2016 sales of $796 million and net income attributable to ATI of $10 million, or $0.09 per share. Fourth quarter 2016 results include $29 million of pre-tax restructuring charges, including $13 million for additional High Performance Materials & Components (HPMC) segment closure-related actions at the Rowley, UT, Frackville, PA and Albany, OR titanium operations, and $16 million for Flat Rolled Products (FRP) segment closure-related costs at the Midland and Bagdad, PA facilities, and for additional FRP severance charges. Excluding these restructuring costs and an above-normal income tax benefit, the net loss attributable to ATI was $4 million, or $(0.04) per share.
For the full year 2016, ATI reported a net loss attributable to ATI of $641 million, or $(5.97) per share, on $3.1 billion in sales. Adjusted results were a net loss of $97 million, or $(0.91) per share, excluding $(5.06) per share for the following items, net of tax: $355 million of restructuring charges primarily relating to asset impairment charges following the idling of the Rowley facility, $48 million of work stoppage, return-to-work, and Rowley excess production costs which will not re-occur, and $141 million of income tax valuation allowances, primarily related to ATI’s U.S. federal deferred tax assets.
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Allegheny Technologies Inc.
Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1018963/000101896317000007/atify201610-k.htm
Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1018963/000101896317000007/atify201610-k.htm
Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.
ContinueRead positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.
ContinueRemove data columns and navigations in order to see much more filing content and tables in one view
ContinueRead both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q
ContinueExport Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis
ContinueGet one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports
Continue for FREEOur 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
ContinueOur 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
ContinueSee how over 70
Growth, Profitability and Financial Ratios perform over 10 Years