Cowen Cuts Price Target Following Allegheny Technologies (ATI) 3Q Results
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ATI Third Quarter 2015 Results In Line With Prior Guidance
October 20, 2015 7:30 AM EDTThird Quarter 2015 Results
Sales were $833 million High Performance Materials and Components sales were $475 million Flat Rolled Products sales were $358 million Business segment results were a loss of $73 million Net loss attributable to ATI was $145 million, or $(1.35) per share, including a $76 million pretax non-cash charge for Net Realizable Value (NRV) inventory reserves and a $64 million net of tax, non-cash charge for income tax valuation allowances Net loss attributable to ATI excluding the NRV... More