Key Developments: Allegheny Technologies Inc (ATI)

ATI on New York Consolidated

33.36USD
3 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Allegheny Technologies Inc names Patrick J. DeCourcy Chief Financial Officer
Monday, 16 Dec 2013 04:30pm EST 

Allegheny Technologies Inc:Says Patrick J. DeCourcy has been named Senior Vice President, Finance and Chief Financial Officer.Says DeCourcy had been serving as Interim Chief Financial Officer since July 15.  Full Article

Allegheny Technologies Inc declares quarterly dividend
Thursday, 12 Dec 2013 06:25pm EST 

Allegheny Technologies Inc:Says that its board of directors declared a quarterly cash dividend of $0.18 per share of common stock.Says the dividend is payable on Dec. 27, to stockholders of record at the close of business on Dec. 20.  Full Article

Allegheny Technologies Inc Completes the Sale of Tungsten Materials Busine
Monday, 4 Nov 2013 07:45am EST 

Allegheny Technologies Inc announced that it has completed the previously announced sale of its tungsten materials business to Kennametal Inc for $605 million.  Full Article

Allegheny Technologies Inc To Shed Units-Reuters
Monday, 14 Oct 2013 11:19am EDT 

Reuters reported that Allegheny Technologies Inc plans to shed two businesses and will report a loss for the third quarter, stung by a decline in shipments of metal products and higher raw material costs. Allegheny said it had closed its fabricated components business and planned to divest its iron castings unit, part of a wider cost-cutting initiative that includes the sale of its tungsten business.  Full Article

Allegheny Technologies Inc Issues Q3 2013 Guidance Below Analysts' Estimates
Monday, 14 Oct 2013 08:33am EDT 

Allegheny Technologies Inc announced that for third quarter of 2013, it expects sales of approximately $970 million, total segment operating profit in the range of $25 million to $30 million, continuing operations to be a loss of approximately $(0.27) to $(0.30) per share, which includes an additional $(0.04) per share resulting from a lower than normal tax benefit due to the impacts of income taxes reported in domestic and foreign jurisdictions. In addition, ATI third quarter of 2013 results for discontinued operations are expected to include the previously discussed non-recurring special charge of approximately $(0.08) per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.14 billion, net income of $31 million and EPS of $0.00 for the third quarter 2013.  Full Article

Allegheny Technologies Inc Announces Sale Of Tungsten Materials Business To Kennametal Inc
Monday, 16 Sep 2013 07:30am EDT 

Allegheny Technologies Inc announced that it has reached an agreement to sell its tungsten materials business to Kennametal Inc. for $605 million. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to be completed during the fourth quarter 2013. As a result of this agreement, ATI will report the financial results of the tungsten materials business in discontinued operations pending completion of the transaction. The tungsten materials business, called ATI Tungsten Materials, is part of ATI`s Engineered Products segment. The tungsten materials business, called ATI Tungsten Materials, is part of ATI`s Engineered Products segment.  Full Article

Allegheny Technologies Inc Declares Quarterly Dividend
Friday, 2 Aug 2013 11:55am EDT 

Allegheny Technologies Inc announced that Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock. The dividend is payable on September 18, 2013 to stockholders of record at the close of business on August 21, 2013.  Full Article

Allegheny Technologies Inc Names Patrick J. DeCourcy As Interim Chief Financial Officer
Monday, 15 Jul 2013 09:00am EDT 

Allegheny Technologies Inc named Patrick J. DeCourcy Interim Chief Financial Officer effective immediately. Mr. DeCourcy, who currently serves as Senior Director Strategic Projects & Business Integration, succeeds Dale G. Reid, who has retired as Executive Vice President, Finance and Chief Financial Officer for personal reasons effective July 15, 2013. Mr. DeCourcy will report to Richard J. Harshman, ATI`s Chairman, President and Chief Executive Officer. The Company will conduct a comprehensive search for a permanent Chief Financial Officer.  Full Article

Allegheny Technologies Inc Completes Senior Notes Offering-Form 8-K
Friday, 12 Jul 2013 04:31pm EDT 

Allegheny Technologies Inc reported in its Form 8-K that on July 12, 2013, Allegheny Technologies Incorporated (Company) completed its offering and sale of $500.0 million aggregate principal amount of the Company’s 5.875% Senior Notes due 2023. The offering and sale of the Senior Notes were made pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission (SEC). The Senior Notes were issued pursuant to the Indenture, dated June 1, 2009, between the Company and The Bank of New York Mellon, as trustee (Trustee), as supplemented by the Fourth Supplemental Indenture, dated July 12, 2013, between the Company and the Trustee. The Senior Notes will accrue interest at the rate of 5.875% per annum, subject to adjustment on the terms set forth in the Indenture, and be payable in cash semi-annually in arrears on each February 15 and August 15, commencing February 15, 2014. The Senior Notes will mature on August 15, 2023. The Company may redeem the Senior Notes at any time and from time to time prior to May 15, 2023, in whole or in part, by paying a make-whole premium. On and after such date, the Company may redeem the Senior Notes, in whole or in part, at a price equal to the principal amount of the Senior Notes to be redeemed plus any accrued and unpaid interest to, but excluding, the redemption date.  Full Article

Allegheny Technologies Inc Announces Pricing Of Senior Notes Offering
Tuesday, 9 Jul 2013 02:28pm EDT 

Allegheny Technologies Inc announced that it has priced its public offering of senior notes. The offering is being made pursuant to the Company`s effective shelf registration statement filed with the Securities and Exchange Commission (the SEC). ATI has agreed to sell $500.0 million aggregate principal amount of 5.875% Senior Notes due 2023 (the Senior Notes). The Senior Notes will pay interest semi-annually in arrears at a rate of 5.875% per year and will mature on August 15, 2023, unless earlier redeemed or repurchased. ATI intends to use the net proceeds from the senior notes offering for general corporate purposes, which may include repurchases, repayment or refinancing of debt, capital expenditures, additions to working capital, the financing of future acquisitions or strategic combinations. J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are the joint book-running managers for the offering.  Full Article

European Factors to Watch on Tuesday Oct 21

PARIS, Oct 21 - Financial spreadbetters expected Britain's FTSE 100 to open 5 to 6 points higher, or up 0.1 percent, Germany's DAX to open 15 to 21 points higher, or up 0.2 percent, and France's CAC 40 to open 2 to 6 points higher, or up 0.2 percent. MAJOR EUROPEAN COMPANIES REPORTING : Studsvik AB Q3 earnings Enagas SA Q3 earnings Whitbread PLC interim earnings GKN PLC Q3 interim statement

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