Alcoa Earnings Call, Second Quarter 2008
16th July 2008 00:00 AM |
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| Despite higher volumes and prices, revenues fell 5.6% to $7.6 billion from $8.07 billion in 2007 on strengthening commodity costs. |
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| The producer of primary aluminum and fabricated aluminum reported net income of $520 million or 66 cents a share, down 27% from $715 million or 82 cents a share as higher input costs impacted the entire aluminum industry. Production decreased 50,000 tons as a result of the unexpected gas outage in Western Australia. The positive effect of higher prices was reduced by increased costs for caustic, natural gas and fuel oil, as well as a continued deterioration of the U.S. dollar to the A dollar. |
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Alcoa Earnings Call, First Quarter 2007
23rd June 2008 00:00 AM |
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| Net income was $662 million, up 9% in the prior year as downstream businesses delivered strong results. |
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| The aluminum production company, reported revenues of $7.8 billion, an 11% increase from last year driven by driven higher metal prices and sales to the aerospace, building and construction, and industrial product markets. The Company’s strong cash generation performance in the quarter of $527 million helped to continue to fund its growth programs. The company’s focus on higher value-added solutions, such as aerospace products, and productivity programs helped to continue the momentum. |
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Alcoa Earnings Call, Fourth Quarter, 2006
23rd January 2007 00:00 AM |
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| The firm took advantage of opportunities the market offered, driving revenue, mitigating costs, bringing new products and innovation to the market. |
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| The producer and manager of primary aluminum, reported revenues of $7.8 billion which were up 20%, resulting from higher metal prices and sales to the aerospace, building and construction, and industrial product markets. This has been mainly driven by expansion of business and also by some product segments that have been doing very well. Consequently, net income rose 60% to $359 million or 41 cents a share. |
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Alcoa First Quarter Earnings Call
10th April 2008 00:00 AM |
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| Hurt by the higher input and energy costs as well as weaker US dollar, the net income dropped to $303 million versus $632 in prior year. |
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| The leading producer of aluminum and alumina reported revenue of $7.38 billion, down 7% from $7.91 billion in the previous year. The deterioration in the value of the dollar negatively impacted results by $68 million or 8 cents per share on a sequential basis. Alcoa funded numerous growth investments in the quarter including the new Juruti bauxite mine and Sao Luis refinery in Brazil and the acquisition of two aerospace fastening companies. |
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Alcoa Fourth Quarter Earnings Call
12th January 2008 00:00 AM |
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| Profit increased 76% to $632 million, helped by the pending sale of packaging and consumer businesses. |
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| The aluminum maker''s revenue fell to $7.39 billion due to lower aluminum prices and the exclusion of a business segment which is now part of a joint venture. Excluding a favorable restructuring adjustment and a tax benefit stemming from the sale of the company''''s packaging and consumer businesses, earnings would have come in at 36 cents a share. In December, Alcoa was selling its packaging and consumer businesses for $2.7 billion cash to a private New Zealand company. |
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Alcoa Third Quarter Earnings Call
12th October 2007 00:00 AM |
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| Earnings were $555 million, or 63 cents per share, compared with $537 million, or 61 cents per share, during the same period a year ago. |
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| The aluminum producer reported a 3% profit growth in spite of the declining revenue. Contributing to the 3% decline was the exclusion of the company''s soft-alloy extrusion business. The seasonal slowdown in Europe, the weaker key U.S. markets, the higher energy costs, the weak dollar, and the declining metal prices hurt the company’s latest quarter results. |
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Alcoa Second Quarter Earnings Call
12th July 2007 00:00 AM |
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| The net income dropped to $715 million from $744 million in the prior year, due to outages in the two US plants. |
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| The leading aluminum maker reported record revenue of $8.1 billion, up 3.5% from prior year. Alcoa reported the second-highest quarterly earnings in its history, despite the $36 million or 4 cents per share of curtailment costs for outages at its Tennessee and Rockdale plant. The company’s proposed acquisition of Alcan is expected to create significant synergies of $1 billion. For 2007, the company projects consumption growth rate of 10%, with china accounting for the major portion. |
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