Noranda Aluminum Holding Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Reports Impairment Charges for the Third Quarter Ended September 30, 2015
For the nine months, the company reported sales of $987.8 million compared to $1,018.9 million a year ago. Operating loss was $187.6 million compared to $2.1 million a year ago. Loss before income taxes was $237.5 million compared to $37.6 million a year ago. Net loss was $203.2 million or $20.46 per basic and diluted share compared to $28.3 million or $2.89 per basic and diluted share a year ago. Cash provided by operating activities was $25.0 million compared to $4.2 million a year ago. Capital expenditures were $57.6 million compared to $59.9 million a year ago. Adjusted EBITDA was $26.9 million compared to $77.7 million a year ago.
For the quarter, the company reported goodwill and other intangibles impairment of $137.9 million.