Allegheny Technologies Announces Full Year and Fourth Quarter 2007 Results
PITTSBURGH, Pennsylvania -- January 23, 2008
Full Year 2007 Results
o Sales increased 10.5% to a record $5.45 billion
o Net income increased 30% to a record $747.1 million,
or $7.26 per share
o Segment operating profit increased 19% to $1.27 billion,
or 23.2% of sales
o Return on capital employed of 31.2%
o Return on stockholders' equity of 40.1%
o Gross cost reductions of $111.6 million
o Cash provided by operating activities of $709.8 million
o Capital expenditures of $447.4 million
o Voluntary contribution to U.S. defined benefit pension plan
of $100 million
o Common stock dividend increased for third consecutive year
o $500 million share repurchase program authorized in November 2007
o $61 million of shares repurchased in fourth quarter
o Cash on hand increased $121 million to $623 million from
year end 2006
Fourth Quarter 2007 Results
o Sales of $1.27 billion
o Net income of $148.9 million, or $1.45 per share
o Segment operating profit of $244.4 million, or 19.2% of sales
Allegheny Technologies Incorporated (NYSE:ATI) reported net income for the full year 2007 of $747.1 million, or $7.26 per share, on sales of $5.45 billion. Net income for the full year 2006 was $574.1 million, or $5.61 per share, on sales of $4.94 billion.
Click link below for entire earnings in PDF
http://investquest.com/iq/a/ati/ne/earnings/ati47.pdf
CONTACT:
Dan L. Greenfield
(412) 394-3004
