17 APRIL 2015Alcoa Press Release
Alcoa reports quarterly business update
Edited by : AL CIRCLE
1 min read
Alcoa reports business update for First Quarter 2015. On April 8, 2015, Alcoa reported strong 1Q15 profits, demonstrating that the Company’s strategy of building its value-add portfolio and creating a globally competitive commodity business is fully on track. The company also continued with creating sustainable value for its shareholders.
Net income increased in 1Q15 to $195 million, or $0.14 per share, including $168 million of special items that were primarily restructuring-related charges. Excluding the impact of special items, net income more than tripled year-over-year to $363 million, or $0.28 per share, in 1Q15. Total Company revenues for 1Q15 rose 7% to $5.8 billion, from $5.5 billion in 1Q14. The revenue increase resulted principally from organic growth, driven by strong automotive and aerospace volume.
Net income increased in 1Q15 to $195 million, or $0.14 per share, including $168 million of special items that were primarily restructuring-related charges. Excluding the impact of special items, net income more than tripled year-over-year to $363 million, or $0.28 per share, in 1Q15. Total Company revenues for 1Q15 rose 7% to $5.8 billion, from $5.5 billion in 1Q14. The revenue increase resulted principally from organic growth, driven by strong automotive and aerospace volume.
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