Allegheny Technologies Second Quarter 2008 Earnings To Be Better ...

Tag : zirconium wire

PITTSBURGH (Business Wire) -- Allegheny Technologies Incorporated(NYSE: ATI) expects second quarter 2008 earnings to be in the rangeof $1.65 to $1.67 per share, including a $0.11 per share one-timenet tax benefit. ATI had previously said that it expected secondquarter earnings to be somewhat higher than the $1.40 per shareachieved in the first quarter 2008.
"ATI is benefiting from the ongoing transformation of theCompany, and our product, market, and geographicdiversification," said L. Patrick Hassey, Chairman, Presidentand Chief Executive Officer. "In addition, our enterprise riskmanagement programs are reducing the impact of volatile input costson our earnings results. Our transformation and diversificationstrategies are designed to position ATI for growth and improvedearnings, as well as providing stability of earnings and cash flowsthrough market cycles."
ATI will provide live Internet listening access to its conferencecall with investors and analysts scheduled for July 23, 2008 at 1p.m. ET. The conference call will be conducted after the Company'splanned release of second quarter 2008 results. The conference callwill be broadcast at www.alleghenytechnologies.com. To access thebroadcast, go to the home page and select "ConferenceCall". In addition, the conference call will be broadcastthrough CCBN.com. Replay of the conference call will be availableon the Allegheny Technologies website.
Building the World's Best Specialty Metals Company(TM)
Allegheny Technologies Incorporated is one of the largest and mostdiversified specialty metals producers in the world with revenuesof $5.5 billion during 2007. ATI has approximately 9,700 full-timeemployees world-wide who use innovative technologies to offergrowing global markets a wide range of specialty metals solutions.Our major markets are aerospace and defense, chemical processindustry/oil and gas, electrical energy, medical, automotive, foodequipment and appliance, machine and cutting tools, andconstruction and mining. Our products include titanium and titaniumalloys, nickel-based alloys and superalloys, stainless andspecialty steels, grain-oriented electrical steel, zirconium,hafnium, and niobium, tungsten materials, and forgings andcastings. The Allegheny Technologies website iswww.alleghenytechnologies.com.
Allegheny Technologies
Dan L. Greenfield, 412-394-3004
© Business Wire