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April 17, 2014
16:17 EDTATIAllegheny Technologies to close iron castings business
Allegheny Technologies disclosed in a regulatory filing that on April 15 the company determined that it would close its iron castings business, which was held for sale as part of discontinued operations. The planned divestiture of this business through a sale process, which was announced in October 2013, was not able to be completed on commercially acceptable terms. The orderly wind-down of operations is expected to be completed by the end of June 2014. The closure of the iron castings business will result in approximately $3M of cash exit costs in 2014, including approximately $2M of charges that will be recognized in the company’s Q2 ending June 30, primarily related to severance benefits, as part of the results of discontinued operations.
News For ATI From The Last 14 Days
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October 23, 2014
08:13 EDTATIAllegheny names Elizabeth Powers as Chief Human Resources Officer
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October 21, 2014
07:20 EDTATIAllegheny Technologies now sees HRPF start-up costs at low end of range
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07:17 EDTATIAllegheny Technologies reports Q3 EPS (1c), consensus (5c)
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October 20, 2014
16:20 EDTATIAllegheny Technologies reaches mill products and forgings long-term agreements
Allegheny Technologies announced that it has extended and expanded its long-term supply agreements,LTA, for mill products and closed-die forgings with a major jet engine OEM. One new LTA covers a wide range of Premium-Quality titanium-based alloy and nickel-based superalloy mill products. The other LTA covers closed-die forgings, including parts made using advanced iso-thermal and hot-die forging processes. The agreements begin in 2015 and continue into the next decade.
16:16 EDTATIAllegheny Technologies signs long-term titanium cast products agreement
Allegheny Technologies announced that it has signed an agreement to supply titanium investment cast products to Snecma for use in single-aisle and business jet engine programs, including the CFM LEAP family. The new agreement begins in 2015 and extends into the next decade.
15:36 EDTATINotable companies reporting before tomorrow's open
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October 17, 2014
08:48 EDTATIBofA/Merrill global steel analysts hold analyst/industry conference call
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