Printer Friendly

ALLEGHENY LUDLUM: FINAL QUARTER LOOKING STRONGER THAN ANTICIPATED

    ALLEGHENY LUDLUM: FINAL QUARTER LOOKING STRONGER THAN ANTICIPATED
    PITTSBURGH, Nov. 14 /PRNewswire/ -- Speaking before security analysts in New York City today, Arthur H. Aronson, executive vice president and chief operating officer, Allegheny Ludlum Corporation, (NYSE: ALS) said, "Surprisingly, in spite of the continuing recession, the 1991 final quarter is looking stronger than anticipated just a few weeks ago.
    "We're encouraged by both the current sales outlook for the period and improvements we've seen in our cost of operations. Our fourth quarter performance should compare favorably with the previous and year-ago quarters."
    Allegheny Ludlum reported 1991 third quarter earnings of $4.7 million, or $0.14 per share of common stock, on sales of $241.4 million. In the 1990 final quarter, earnings were $6.1 million, or $0.19 per share, on sales of $238.7 million.
    Allegheny Ludlum is a leading producer of a wide range of specialty materials, including stainless steels, electrical steels and high technology alloys. The company's stock trades on the New York Stock Exchange (symbol: ALS).
    -0-                     11/14/91
    /CONTACT:  Bert Delano of Allegheny Ludlum Corporation, 412-394-2813/
    (ALS) CO:  Allegheny Ludlum ST:  Pennsylvania IN:  MNG SU: CD -- PG015 -- 4596 11/14/91 16:38 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 14, 1991
Words:201
Previous Article:AMERICA FIRST ANNOUNCES THIRD QUARTER EARNINGS
Next Article:AMERICAN FINANCIAL ENTERPRISES REPORTS RESULTS
Topics:


Related Articles
EARNINGS UP AT ALLEGHENY LUDLUM
ALLEGHENY LUDLUM CORPORATION PROJECTS EARNINGS
STRONG FIRST QUARTER ANTICIPATED BY ALLEGHENY LUDLUM
EARNINGS UP SHARPLY AT ALLEGHENY LUDLUM
STRONG EARNINGS GAINS REPORTED BY ALLEGHENY LUDLUM
ALLEGHENY LUDLUM REPORTS STRONG STEEL OPERATIONS
ALLEGHENY LUDLUM EXPECTS HIGH SALES REVENUE, FAVORABLE EARNINGS
EARNINGS SHOW STRONG ADVANCE AT ALLEGHENY LUDLUM
ALLEGHENY LUDLUM ANTICIPATES BETTER THIRD QUARTER
ALLEGHENY LUDLUM ANNOUNCES 1996 FIRST QUARTER RESULTS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters