AK Steel Holding Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Earnings Guidance for the Year 2019
For the year, the company reported net sales of $6,818.2 million against $6,080.5 million a year ago. Operating profit was $364.4 million against $260.2 million a year ago. Net income was $244.1 million or $0.59 per basic share against $164.9 million or $0.32 per basic share a year ago.
For 2019, the company currently expects net income to be in a range of $160 to $180 million, or $0.51 to $0.57 per diluted share.