Last $10.92 USD
Change Today +0.30 / 2.82%
Volume 5.4M
AKS On Other Exchanges
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Exchange
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

ak steel holding corp (AKS) Snapshot

Open
$10.68
Previous Close
$10.62
Day High
$10.95
Day Low
$10.67
52 Week High
08/26/14 - $11.37
52 Week Low
09/4/13 - $3.30
Market Cap
1.5B
Average Volume 10 Days
6.7M
EPS TTM
$-0.29
Shares Outstanding
136.8M
EX-Date
08/11/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AK STEEL HOLDING CORP (AKS)

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ak steel holding corp (AKS) Details

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, including coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms. The company also produces carbon and stainless steel that is finished into welded steel tubing, which is used in the automotive, large truck, industrial, and construction markets; buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania. It sells its flat-rolled carbon steel products primarily to automotive manufacturers and to customers in the infrastructure and manufacturing markets, including electrical transmission, heating, ventilation and air conditioning equipment, and appliances; and coated, cold-rolled, and hot-rolled carbon steel products to distributors, service centers, and converters. The company sells its stainless steel products to manufacturers and their suppliers in the automotive industry; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers. It also sells electrical steel products to manufacturers of power transmission and distribution transformers, as well as for use in the manufacture of electrical motors and generators. AK Steel Holding Corporation was founded in 1993 and is headquartered in West Chester, Ohio.

6,400 Employees
Last Reported Date: 02/21/14
Founded in 1993

ak steel holding corp (AKS) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $360.0K
Vice President of Operations
Total Annual Compensation: $320.0K
Chief Legal & Administrative Officer, Executi...
Total Annual Compensation: $637.5K
Compensation as of Fiscal Year 2013.

ak steel holding corp (AKS) Key Developments

AK Steel Holding 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; Provides Depreciation and Amortization Expense Outlook for the Year 2014

AK Steel reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $1,530.8 million compared to $1,404.5 million a year ago. Operating profit was $36.5 million compared to $13.7 million a year ago. Income before income taxes was $0.3 million compared to loss before income taxes of $15.8 million a year ago. Net loss attributable to the company was $17.1 million or $0.13 per basic and diluted share compared to $40.4 million or $0.30 per basic and diluted share a year ago. EBITDA was $83.6 million compared to $65.9 million a year ago. Adjusted EBITDA was $64.5 million or $46 per ton compared to $47.5 million or $36 per ton a year ago. Second quarter financial results were also negatively impacted by the lingering effect of the severe winter weather, which reduced iron ore deliveries, slowed blast furnace production and caused an increase in transportation costs. The weather-related costs impact in second quarter results totaled approximately $15 million or $0.11 per diluted share. Capital investments were $13.5 million. Adjusted net income was $2.9 million or a profit of $0.02 per diluted share for the second quarter of 2014, which exceeded its guidance of an adjusted net loss ranging from $0.02 to $0.06 per share. For the six months, the company reported net sales of $2,914.3 million compared to $2,774.3 million a year ago. Operating profit was $1.2 million compared to $46.9 million a year ago. Loss before income taxes was $69.1 million compared to $11.8 million a year ago. Net loss attributable to the company was $103.2 million or $0.76 per basic and diluted share compared to $50.3 million or $0.37 per basic and diluted share a year ago. Net cash outflows from operating activities were $331.1 million compared to $104.5 million a year ago. Capital investments were $27.3 million compared to $31 million a year ago. Capital investments--SunCoke Middletown were $0.3 million compared to $1.4 million a year ago. EBITDA was $99.3 million compared to $152.9 million a year ago. Adjusted EBITDA was $61.7 million or $23 per ton compared to $114.3 million or $44 per ton a year ago. The company expects results in the third quarter of 2014 to be much better than the second quarter. Among the reasons for this improvement is that they expect to benefit in a meaningful way from declining iron ore costs. The company expects depreciation expense to be much lower for AK Steel than was the case for Severstal. Upon completion of the acquisition, the company estimates that annual depreciation and amortization expense will be in a range of $30 million to $40 million.

Sheri H. Edison Joins AK Steel's Board of Directors, Effective August 1, 2014

AK Steel announced that Sheri H. Edison has been elected to its Board of Directors, effective August 1, 2014. Ms. Edison currently is Vice President, General Counsel and Secretary of Bemis Company Inc. In this capacity, she is responsible for all global legal operations of Bemis Company, as well as information technology, enterprise risk management and global compliance.

AK Steel Holding Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-12-2014 04:00 PM

AK Steel Holding Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-12-2014 04:00 PM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Roger K. Newport, Chief Financial Officer, Senior Vice President of Finance and Member of Proxy Committee.

 

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Valuation AKS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book NM Not Meaningful
Price/Cash Flow 15.9x
TEV/Sales NM Not Meaningful
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