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Tuesday, January 30, 2018

-=AK Steel (AKS) reported earnings on Tue 30 January 2018 (b/o)

AK Steel beats by $0.07, beats on revs; expects solid demand in 2018 in many of its key markets
  • Reports Q4 (Dec) loss of $(0.06) per share, excluding non-recurring items, $0.07 better thanthe Capital IQ Consensus of ($0.13); revenues rose 5.4% year/year to $1.50 bln vs the $1.46 bln Capital IQ Consensus.
  • Co says its Q4 results were consistent with expectations and reflected the impact of the major planned maintenance outages, which were completed on time and on budget.
  • Co says it's enthusiastic about 2018 as it anticipates solid demand in many of its key end-use markets, and it continues to unlock the opportunities being developed through its recent acquisition of Precision Partners. 

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