AK Steel (AKS) Tops Q2 EPS by 10c

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AK Steel Reports Financial Results for Second Quarter and First Half 2016

July 26, 2016 8:31 AM EDT

WEST CHESTER, OH -- (Marketwired) -- 07/26/16 -- AK Steel (NYSE: AKS) today reported its financial results for the second quarter of 2016.

2nd Quarter 2016 Highlights

Net income of $17.3 million, or $0.08 per diluted share, compared to a net loss of $64.0 million, or $0.36 per diluted share a year ago Adjusted EBITDA of $99.3 million, more than doubled from the year ago quarter Adjusted EBITDA margin improved to 6.7% from 2.8% a year ago Credit facility borrowings reduced by $370... More