July 24, 2014 10:50 PM ET

Metals and Mining

Company Overview of Aleris Corporation

Company Overview

Aleris Corporation manufactures and sells aluminum rolled and extruded products primarily in North America, Europe, and China. The company operates through Rolled Products North America, Rolled Products Europe, Rolled Products Asia Pacific, Extrusions, Recycling and Specification Alloys North America, and Recycling and Specification Alloys Europe. It offers rolled aluminum and coated products for the building and construction, distribution, transportation, and consumer durables sectors; and for aerospace plate and sheet, brazing sheet, automotive sheet, and heat treated plate for engineering uses, as well as for the packaging industries. The company also provides soft and hard alloy extruded...

25825 Science Park Drive

Suite 400

Cleveland, OH 44122

United States

Founded in 1985

7,200 Employees





Key Executives for Aleris Corporation

Age: 56
Chief Financial Officer and Senior Vice President
Age: 40
Vice President of Operations
Age: 53
Executive Vice President and Chief Executive Officer of Rolled Products North
Age: 47
Executive Vice President and Chief Executive Officer of Europe & Asia Pacific
Age: 57
Compensation as of Fiscal Year 2014.

Aleris Corporation Key Developments

Aleris Zhenjiang Achieves Nadcap Accreditation for Aerospace Plate Production

Aleris announced that it has attained Nadcap accreditation for its new rolling mill in Zhenjiang, China, an industry standard for the production of aircraft aluminum plate and a prerequisite for inclusion on the Qualified Product List (QPL) for major aircraft manufacturers. The certification follows audits performed by the Performance Review Institute in May 2014, with respect to Nadcap requirements for heat treating and non-destructive testing. Once the qualification process is complete, Aleris Zhenjiang is expected to be one of the first facilities in Asia Pacific to produce aluminum plate for the major global aircraft manufacturers.

Aleris Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter of 2014 and Capital Spending Guidance for the Full Year of 2014

Aleris Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues were $1,054.2 million compared to $1,110.1 million for the same period a year ago. Operating income was $12.9 million compared to $36.7 million for the same period a year ago. Loss before income taxes was $13.0 million compared to income before income taxes of $17.6 million for the same period a year ago. Net loss attributable to the company was $17.6 million compared to net income attributable to the company of $10.9 million for the same period a year ago. Total adjusted EBITDA was $59.2 million compared to $64.5 million for the same period a year ago. EBITDA was $46.2 million compared to $65.4 million for the same period a year ago. Net cash provided by operating activities was $27.8 million compared to net cash used in operating activities of $55.6 million for the same period a year ago. Payments for property, plant and equipment was $47.5 million compared to $96.9 million for the same period a year ago. For the second quarter of 2014, the company expected sequential performance improvement in line with prior year. Automotive light weighting impact on aluminum demand expected to significantly exceed prior year. Aerospace volumes continue to be impacted by customer destocking. Building and construction volumes expected to exceed prior year. Estimate second quarter 2014 segment income and adjusted EBITDA will be sequentially higher than the first quarter of 2014 and in line with the second quarter of 2013. Capital expenditures during the second quarter of 2014 are expected to be lower than the second quarter of 2013 and consistent with first quarter of 2014 as capital spending has returned to more normalized levels. The company currently estimated capital spending of $165 million in 2014.

Aleris Corporation to Report Q1, 2014 Results on May 15, 2014

Aleris Corporation announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on May 15, 2014

Similar Private Companies By Industry

Company Name Region
American Precision Prototyping, Inc. United States
Willie Washer Manufacturing Corporation United States
Voyager, Inc. United States
Heisei Minerals Corporation United States
KSI Machine & Engineering, Inc. United States

Recent Private Companies Transactions

February 10, 2014
Nichols Aluminum, LLC

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Aleris Corporation, please visit www.aleris.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.