Allegheny Technologies (ATI) Posts Q4 GAAP EPS of 18c

Allegheny Technologies (NYSE: ATI) reported Q4 EPS of $0.18, which may not compare with the analyst estimate of ($0.01). Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.09 billion.

Fourth quarter 2014 results include $25.5 million of pre-tax curtailment and settlement gains from postretirement benefit changes, and $17.7 million of pre-tax Hot-Rolling and Processing Facility (HRPF) start-up costs and costs related to the Rowley titanium sponge facility Premium Quality (PQ) qualification process. Fourth quarter 2014 pre-tax results also included net inventory valuation reserve benefits of $13.2 million.

For earnings history and earnings-related data on Allegheny Technologies (ATI) click here.

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