AK Steel (AKS) FCF Thesis Intact, Nomura Says
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AK Steel (AKS) Guides Q4 EPS Above Expectations
December 17, 2014 4:31 PM ESTAK Steel (NYSE: AKS) provided guidance for its fourth quarter 2014 financial results. AK Steel said that, despite incurring approximately $31 million in costs associated with a planned Ashland Works blast furnace outage, it expects to report higher EBITDA (earnings before interest, taxes, depreciation and amortization) compared to the third quarter of 2014 and net income of $0.05 to $0.10 per diluted share of common stock, excluding the effects of acquisition-related expenses pertaining to its recent purchase of Severstal Dearborn.
*** The Street is looking for Q4 EPS of $0.04.
Shipments
For the fourth quarter of 2014, the company expects shipments... More
