The steel producer posted revenue of $1.75 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.74 billion.
“We were able to generate meaningful earnings and free cash flow during the second quarter, despite the impact of certain operational events,” said RogerNewport, AK Steel’s Chief Executive Officer. “We expect that the continued strong business environment will result in improved performance in the second half of 2018 compared to the first half and position us well for resetting a majority of our annual contracts later this year.”
AK Steel Corp., headquartered in Butler County’s West Chester Twp., ranks at 15 on the list of Ohio’s leading manufacturers by number of employees, with 3,460 workers. With 2,400 of those workers in the region, the company is Butler County’s third-largest employer.
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