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AK Steel slips to loss in Q4

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Christian Fernsby ▼ | February 20, 2020
AK Steel reported that its net loss for the fourth quarter of 2019 was $53.9 million compared to net income of $33.5 million in the fourth quarter of 2018.
AK Steel
AK Steel   During the fourth quarter of 2019, the company took another major step
During the fourth quarter of 2019, the company took another major step to de risk its balance sheet and entered into a $615.6 million pension annuity transaction, bringing total pension obligations transferred through annuity transactions to approximately $1.1 billion since 2016.

Topics: AK Steel

Excluding items, adjusted net loss for the fourth quarter of 2019 was $35.1 million compared to adjusted net income of $48.0 million in the prior year

Net sales for the quarter decreased to $1.45 billion from $1.68 billion in the prior year.


 

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