Ati Reports Profit Despite 'Challenging' Economy, Ceo Says

Summary


Allegheny Technologies Inc. today reported net income of $5.9 million, or six cents a share, for the first quarter of 2009, despite the recession and drop in demand from commercial aerospace, its largest market.

The specialty steel and titanium manufacturer said its first quarter net income compared to first quarter 2008 net income of $142.0 million, or $1.40 per share.

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Extract


Ati Reports Profit Despite 'Challenging' Economy, Ceo Says

Sales for the January-March period of $831.6 million were 38...

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