AK Steel (AKS) Tops Q2 EPS by 7c
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AK Steel Announces Financial Results for Second Quarter 2017
July 25, 2017 8:30 AM EDTWEST CHESTER, OH -- (Marketwired) -- 07/25/17 -- AK Steel (NYSE: AKS) today reported its financial results for the second quarter of 2017.
2nd Quarter 2017 Highlights
Net income of $61.2 million, or $0.19 per diluted share Adjusted EBITDA of $142.0 million increased 43% from the second quarter 2016 Adjusted EBITDA margin improved to 9.1% from 6.7% in the second quarter 2016 Completed actions to reduce long-term debt by $130 million Reached agreement to acquire Precision Partners; transaction... More