September 20, 2014 4:53 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

Phone:

216-910-3400

Fax:

216-910-3650

Key Executives for Aleris Corporation

Chairman
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 America
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 Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Aleris Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $1,226.2 million compared to $1,127.6 million a year ago. Operating income was $16.5 million compared to $15.7 million a year ago. Loss before income taxes was $10.1 million compared to $10.2 million a year ago. Net loss attributable to company was $17.5 million compared to $11.7 million a year ago. Net cash used in operating activities was $35.2 million as compared to net cash provided by operating activities of $4.8 million for the second quarter of 2013. Payments for property, plant and equipment was of $30.8 million compared to $45.3 million a year ago. Adjusted EBITDA was $64.8 million compared to $78 million a year ago. For the six months, the company reported revenues of $2,280.4 million compared to $2,237.7 million a year ago. Operating income was $29.4 million compared to $52.4 million a year ago. Loss before income taxes was $23.1 million compared to income of $7.4 million a year ago. Net loss attributable to company was $35.1 million compared to $0.8 million a year ago. Net cash used in operating activities was $7.3 million as compared to $50.8 million for the second quarter of 2013. Payments for property, plant and equipment was of $78.4 million compared to $142.2 million a year ago. Adjusted EBITDA was $124 million compared to $142.5 million a year ago. The company provided earnings guidance for the third quarter of 2014. The company said that sequential and year-over-year performance improvement expected.

Aleris Corporation to Report Q2, 2014 Results on Aug 05, 2014

Aleris Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 05, 2014

Aleris Corporation, Q2 2014 Earnings Call, Aug 05, 2014

Aleris Corporation, Q2 2014 Earnings Call, Aug 05, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 10, 2014
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