Metal Center News
Minimize

  
3-2011 News
Minimize
Restructured Aleris Reports Good Gains

Aleris International Inc., Beachwood, Ohio, reported revenue growth of 26 percent in fourth-quarter 2010, to $1.1 billion, due to higher LME aluminum prices and improved rolling margins. Net income for the fourth quarter totaled $42 million, up substantially from the net loss of $759 million in fourth-quarter 2009.

For the year ended Dec. 31, combining results from before and after the company emerged from Chapter 11 bankruptcy protection on June 1, Aleris reported revenues of $4.1 billion, up from $3.0 billion in 2009. Adjusted EBITDA for the year totaled $264 million, compared to $82 million in 2009. Demand increases across all products drove the improved earnings performance, with all segments posting volume growth in excess of 18 percent, the company reported.

“Our fourth-quarter results demonstrate the benefits associated with our successful restructuring initiatives and the continued momentum of the economic recovery,” said Steven J. Demetriou, Aleris chairman and chief executive officer. “This is particularly true in our European rolled products and extrusions businesses, as well as our recycling and specification alloys businesses in both the Americas and Europe, where higher volumes and improved pricing led to significant performance improvements. We ended 2010 well positioned to capitalize on our strategic growth initiatives led by our announced expansions in China, as well as expected continued benefits from the recovery.”

The company broke ground for its joint venture rolling mill in China in January 2011. It also sold its Brazil recycling operations in the fourth quarter of 2010.

  
From the Editor's Desk
Minimize
July 2014: Paper or Pixels? New MCNDigital Offers New Choices
More...
 
Pause
Business Practices and Technologies
Minimize
July 2014: Manage the Slow-Movers to Boost Inventory Turns
More...
The Cutting Edge, a service center technology supplement to Metal Center News
More...
Summer 2013
More...
 
Pause
New Products
Minimize
Trumpf Expands Range on TruMark 5000 Series
More...
Koike Aronson Debuts New Plasma Cutter
More...
Miyachi Unitek's Sigma XY
More...
New TMC is Messer's Largest Cutting Machine
More...
Laserdyne 795 XLZ Designed for 3D Parts
More...
Mazak's STX Champion Cuts Thick Sheets
More...
 
Pause
Directories
Minimize

 
Metal Distribution 2014  is your on-line guide to Metal Producers, Equipment Manufacturers and Software companies.
 



 
2014 Directory of Master Distributors
Not Published on This Web site
The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.


Print copies are available for $85 U.S. for each copy.
Download Order Form.
 
2014 Directory of Toll Processors
Not Published on This Web site
Metal Center News'
annual toll processing directory is a simple-to-use resource to help companies locate service providers that can meet their specific processing needs.


Print copies are available for $85 U.S. for each copy. Download Order Form.
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Monday, September 01, 2014