SOURCE: Industrial Info Resources

Industrial Info Resources

January 28, 2010 05:15 ET

Stronger 4Q09 Allows Allegheny Technologies to Finish Fiscal Year With Profit, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 28, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Specialty metals producer Allegheny Technologies Incorporated (NYSE:ATI) (ATI) (Pittsburgh, Pennsylvania) recently announced earnings for the fourth quarter and fiscal year 2009. Despite President, Chairman and CEO L. Patrick Hassey's stating that the quarter was "by far our best quarter in 2009," net income was down 66%, falling from $110.9 million in 4Q08 to $37.8 million in the final quarter of 2009. For the full year 2009, the company's net income was $31.7 million. Industrial Info is currently tracking more than $1.7 billion of ATI's active capital and maintenance projects.

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