AGY Holding Corp. Reports 2012 Fourth Quarter and Full Year Consolidated Results
AIKEN, S.C.–(BUSINESS WIRE)– AGY Holding Corp. (“AGY” or the “Company”) today announced consolidated results for the three and twelve months ended December 31, 2012.
“During 2012, we continued to successfully move our sales mix towards a higher concentration of Advanced Materials, despite a challenging undercurrent in the market,” said Richard Jenkins, the Company’s interim Chief Executive Officer. “Our specific product and project business continued to exhibit strength, and we outperformed our S-2 sales goals for fiscal year 2012. We also continued to build on the improvements in operating performance by increasing production efficiencies, implementing enhanced manufacturing processes, and controlling costs, while focusing on delivering high quality products. As a result, our Adjusted EBITDA attributable to AGY Holding Corp. increased $3.8 million to $21.6 million for the full year 2012, or a 21% improvement compared to 2011.”