19 JULY 2011alu.com
Aluminum Demand, New Products Lift Alcoa's Earnings as Stock Eyes $19.50
Edited by : AL CIRCLE
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Alcoa's focus on pushing its light, yet strong aluminum products as the natural substitute for heavier metals across industries from construction to automobiles and aerospace has substantially helped the company as the flat-rolled products division and the engineered products division reporting record income numbers over this quarter.
The engineered products & solutions division reported $1.37 billion in revenues, EBITDA margins of 19% in the quarter and after tax operating income (ATOI) of $149 million (15% growth sequentially.)
The flat-rolled products division, which produces and sells aluminum plates, sheets and foils, reported revenues of $2.1 billion in the quarter and an ATOI of just under $100 million for the quarter. The division's strong growth has been supported by increased demand from Russia and China.
The engineered products & solutions division reported $1.37 billion in revenues, EBITDA margins of 19% in the quarter and after tax operating income (ATOI) of $149 million (15% growth sequentially.)
The flat-rolled products division, which produces and sells aluminum plates, sheets and foils, reported revenues of $2.1 billion in the quarter and an ATOI of just under $100 million for the quarter. The division's strong growth has been supported by increased demand from Russia and China.
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