AK Steel to release Q1 earnings
Related: AK makes Fortune 500 list
Monday, April 21, 2008
WEST CHESTER TWP. — AK Steel Corp. will release its first quarter 2008 earnings at approximately 8:30 a.m. Tuesday, April 22.
The company's stock has been on the rise since January. AK's stock closed at $20.16 at the end of the yearlong lockout at Middletown Works. Since then, it has reached a new high of $69.62. On Friday, April 17, the shares rose 28 cents to close at $67.88.
Extras
In 2007, the company earned $387.7 million, compared with $12 million in 2006. Net sales also topped $7 billion for the first time in AK history.
AK Steel was also the first steel manufacturer this year to push its product past $1,000 per ton with market price increases despite the current national economic woes. Analysts said they expect other steel manufacturers to follow suit.
The company will provide live listening access on the Internet to its earnings conference call to be held at 11:00 a.m. on April 22. Access to the webcast will be available on the company's Web site at www.aksteel.com.
The webcast can be accessed on the site until April 29.
Contact this reporter at (513) 705-2843 or jlander@coxohio.com.
