Aleris swings to $197.8M loss in 3d qtr. [UPDATE]

Nov 12, 2008 | 10:08 AM | Paul Schaffer

Aleris International Inc., showing gains in its recycling segment but a downturn in rolled and extruded products, posted a third-quarter loss of $197.8 million vs. year-earlier net income of $3.5 million.

The Beachwood, Ohio-based aluminum company showed quarterly revenue of $1.58 billion, up 3.4 percent from the year-earlier $1.53 billion.

Economic conditions have strained many of Aleris' customers, according to Steven Demetriou, the company's chairman and chief executive officer. ....

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