AK STEEL REPORTS FINANCIAL RESULTS FOR THIRD QUARTER OF 2015
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AK Steel (AKS) CEO Wainscott Plans Retirement; Successor Named
October 27, 2015 8:36 AM EDTAK Steel (NYSE: AKS) announced that James L. Wainscott, who has served as President and CEO since October of 2003 and Chairman of the Board since January of 2006, has announced his intention to retire as President and Chief Executive Officer, effective January 1, 2016. He will continue to serve as Executive Chairman, President and CEO of the company until his retirement on January 1, 2016, after which he will continue to serve as Chairman of the Board of Directors in a Non-Executive capacity.
Related to this change, the AK Steel Board of Directors made the following appointments, effective January... More
AK Steel (AKS) Tops Q3 EPS Views; Revenues In-Line
October 27, 2015 8:33 AM EDTAK Steel (NYSE: AKS) reported Q3 EPS of $0.04, $0.27 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.71 billion.
Adjusted EBITDA for the third quarter of 2015 increased as compared to adjusted EBITDA of $47.6 million, or $26 per ton, for the second quarter of 2015.
"I am pleased that AK Steel delivered solid third quarter 2015 financial results. Despite facing the continued onslaught of what we believe are unfairly traded carbon steel imports, we experienced our best quarterly financial performance in nearly six years," said James L.... More
