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Article: Aleris Reports 2005 Fourth Quarter and Total Year Results.
- Article from:
- PR Newswire
- Article date:
- March 16, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEACHWOOD, Ohio, March 16 /PRNewswire-FirstCall/ -- Aleris International, Inc. today reported financial results for the fourth quarter and total year 2005.
Summary
- Total year net income was a record $74.3 million or $2.38 per share(*)
for 2005 compared with a net loss of $23.8 million or ($1.51) per share
for 2004 on a reported basis. Results include a reduction in the total
year effective tax rate from 4.2% to 0.6%.
- Total year adjusted earnings per share were $3.94 in 2005, utilizing the
previously forecasted adjusted tax rate of 8.75%, compared with
adjusted earnings per share of $0.97 on a ...