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

Nov 12, 2008 | 10:54 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.

ALERIS INTERNATIONAL INC.(in thousands except per share) 200820073rd qtr. ended Sept. 30Net sales$1,583,100$1,531,300Net income (loss)(197,800)3,5009 months ended Sept. 30Net sales$4,857,800$4,455,900Net income (loss)(194,500)(14,700)The Beachwood, Ohio-based aluminum company showed quarterly revenue of $1.58 billion, up 3.4 percent from the year-earlier $1.53 billion.....

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