AK Steel (AKS) Tops Q1 EPS by 4c

AK Steel (NYSE: AKS) reported Q1 EPS of $0.19, $0.04 better than the analyst estimate of $0.15. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.48 billion.

• Net income of $62.5 million, or $0.19 per diluted share, was the best first quarter net income since 2008
• Adjusted EBITDA of $142.9 million increased 76% from the first quarter 2016
• Adjusted EBITDA margin improved to 9.3% from 5.3% in the first quarter 2016
• Actions taken during the quarter strengthened the balance sheet

For earnings history and earnings-related data on AK Steel (AKS) click here.

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