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AK Steel Announces First Quarter 2019 Financial Results

April 29, 2019 4:15 PM EDT

WEST CHESTER, Ohio, April 29, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) today reported its financial results for the first quarter of 2019.

First Quarter 2019 Highlights

Sales of $1,697.7 million, a 2% increase from first quarter 2018Net loss of $4.5 million, or $0.01 per diluted share, including the Ashland Works closure charge of $77.4 millionAdjusted net income of $72.9 million, or $0.23 per diluted shareAdjusted EBITDA of $160.9 million, or 9.5% of sales; up 36% from a year ago

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