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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.
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January 20, 2015
07:08 EDTATIAllegheny Technologies sees FY15 CapEx approx. $290M
Sees FY15 pre-tax retirement benefit expense about $78M. Expects PQ titanium sponge qualification costs to impact first half 2015 operating profit and costs attributable to production inefficiencies to impact the second half 2015 until optimum utilization levels are achieved.
07:07 EDTATIAllegheny Technologies reports Q4 continuing ops EPS 18c, consensus 0c
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January 13, 2015
11:31 EDTATIBofA/Merrill metals & steel analysts hold analyst/industry conference call
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