AK Steel Reports Q4 EPS $(0.49) vs. $(0.62)

AK Steel AKS today reported a net loss of $98.3 million, or $0.89 per diluted share of common stock, for the fourth quarter of 2010, compared to net income of $39.8 million, or $0.36 per diluted share, for the fourth quarter of 2009. The fourth quarter results include a $63.7 million pre-tax charge related to the previously announced shutdown of the company's Ashland coke plant, and a $9.1 million pre-tax charge related to a retiree benefit settlement associated with the company's ButlerWorks. Excluding these amounts, the company's adjusted net after-tax loss was $54.5 million, or $0.49 per diluted share.