Noranda Aluminum Holding Corp. Declares Quarterly Cash Dividend Payable on June 10, 2015; Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015
The company announced unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported sales of $345.6 million, operating income of $11.3 million, loss before taxes of $2.2 million, net loss of $2.7 million or $0.04 per basic and diluted share, cash provided by operating activities of $29.5 million, capital expenditures of $23.5 million, adjusted EBITDA of $33.9 million compared to the sales of $311.60 million, operating loss of $11.10 million, income before taxes of $23.90 million, net loss of $16.80 million or $0.25 per basic and diluted share, cash used in operating activities of $19.50 million, capital expenditures of $13.10 million, adjusted EBITDA of $10.70 million for the same quarter a year ago.