Alcoa strikes $3.1b cash-and-stock deal for South32’s key aluminium assets
Alcoa Corporation is acquiring South32’s key aluminium assets in a USD 3.1 billion deal in cash plus 17,008,960 Alcoa shares, expanding its upstream aluminium portfolio across Australia, Brazil and South Africa. The transaction will also give South32 and its shareholders an equity interest in the...
Alcoa’s 16kg aluminium wheel could change fleet efficiency equation
A truck’s overall weight comes from dozens of components, including the engine, chassis, tyres, etc. Wheels are one area where fleets can explore lightweighting. Traditional steel wheels, widely used across the transport industry, are known for their robustness. Forged Alcoa aluminium wheels offer...
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Morgan Stanley Maintains Overweight on Alcoa
Morgan Stanley is out with its report today on Alcoa (NYSE: AA), maintaining Overweight. In a note to clients, Morgan Stanley writes, "Alcoa's 2Q revenues beat our estimate; earnings were in-line on cost pressure. Downstream contributed ~45% of earnings and alumina pricing remained above historical...
Morgan Stanley Maintains Overweight on Alcoa
Morgan Stanley is out with its report today on Alcoa (NYSE: AA), maintaining Overweight. In a note to clients, Morgan Stanley writes, "Alcoa's 2Q revenues beat our estimate; earnings were in-line on cost pressure. Downstream contributed ~45% of earnings and alumina pricing remained above historical...
U.S. aluminum May imports soar to near 2-year high
Shipments of aluminum into the United States rose for a second straight month in May, spiking to a near two-year peak, as a growing domestic market deficit and improved demand conditions drove the builds. Data from the U.S. International Trade Commission on Tuesday showed May aluminum imports surge...
U.S. aluminum May imports soar to near 2-year high
Shipments of aluminum into the United States rose for a second straight month in May, spiking to a near two-year peak, as a growing domestic market deficit and improved demand conditions drove the builds. Data from the U.S. International Trade Commission on Tuesday showed May aluminum imports surge...
Alcoa Second Quarter Income from Continuing Operations Jumps 138 Percent, Revenue Rises 27 Percent over Year-Ago Quarter
Income from continuing operations of $326 million, or $0.28 per share, up 138 percent compared to second quarter 2010; excluding negative impact of special items, income from continuing operations of $364 million, or $0.32 per share. --Revenue of $6.6 billion, up 27 percent over second quarter 2010...
NORANDA ALUMINUM IS AMONG THE COMPANIES IN THE ALUMINUM INDUSTRY WITH A RELATIVELY LOW FUTURE EARNINGS GROWTH (NOR, AA, CENX, AWC, KALU)
Below are the five companies in the Aluminum industry with the lowest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal year estimated) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher...
Alumina's JV partner sees rise in income
Alumina's joint venture partner Alcoa increased its second quarter earnings as an improving manufacturing sector drove higher sales and prices. US-based Alcoa reported net income of $US322 million ($A303 million) in the three months to June 30, up from $US136 million in the previous corresponding...
Alcoa Aims for $6 Billion Quarter
Alcoa is set to kick off earnings season once again on Monday, and there's a good chance the aluminum giant will deliver a fifth straight above-consensus quarter. The Pittsburgh company is the third-largest producer of aluminum in the world, making it not only a barometer for health of the industry...
Alcoa Aims for $6 Billion Quarter
Alcoa is set to kick off earnings season once again on Monday, and there's a good chance the aluminum giant will deliver a fifth straight above-consensus quarter. The Pittsburgh company is the third-largest producer of aluminum in the world, making it not only a barometer for health of the industry...
Alcoa Aims for $6 Billion Quarter
Alcoa is set to kick off earnings season once again on Monday, and there's a good chance the aluminum giant will deliver a fifth straight above-consensus quarter. The Pittsburgh company is the third-largest producer of aluminum in the world, making it not only a barometer for health of the industry...
Alcoa profit rises on higher metal prices
US aluminium-maker Alcoa has posted a big increase in second-quarter profit, helped by rising metal prices. Net profit for the three months to the end of June came in at $322m (£202m), compared with $136m in the same period last year. Sales rose 27% to $6.6bn. Aluminium sold in a range of $2,500 to...
Alcoa May Beat, But Don't Expect a Pop: Analyst
Alcoa’s quarterly results may beat Wall Street expectations, but don’t expect a positive market reaction, according to David Silver, equity research analyst at Wall Street Strategies. “Following last quarter’s earnings beat, [Alcoa’s] stock [AA 15.91 -0.47 (-2.87%) ] was down in the after-market...
Alcoa Profit May Double as Airbus to GM Drive Aluminum Demand
Alcoa Inc. (AA), the largest U.S. aluminum producer, may say second-quarter profit more than doubled as customers from General Motors Co. (GM) to Airbus SAS helped drive demand for the lightweight metal. Profit excluding one-time items rose to 33 cents a share, from 13 cents a year earlier,...
Alcoa Profit May Double as Airbus to GM Drive Aluminum Demand
Alcoa Inc. (AA), the largest U.S. aluminum producer, may say second-quarter profit more than doubled as customers from General Motors Co. (GM) to Airbus SAS helped drive demand for the lightweight metal. Profit excluding one-time items rose to 33 cents a share, from 13 cents a year earlier,...
Alcoa Profit May Double as Airbus to GM Drive Aluminum Demand
Alcoa Inc. (AA), the largest U.S. aluminum producer, may say second-quarter profit more than doubled as customers from General Motors Co. (GM) to Airbus SAS helped drive demand for the lightweight metal. Profit excluding one-time items rose to 33 cents a share, from 13 cents a year earlier,...
Correlative Earnings Outlook: As Alcoa Moves, So Will Century Aluminum
As earning season approaches, it seems as if the market is putting more emphasis on its outcome. After discouraging jobs data on Friday, the VIX showed little upward change. This observation gives way to the inference that the market expects earnings data to provide positive upward pressure....
Outlook for aluminum production
Aluminum production increased year-on-year in the first quarter of 2011, both in China and in the rest of the world. Chinese production rose as producers re-started capacity that had been curtailed in the second half of 2010 in an effort to meet energy efficiency targets, according to a report from...
Aluminum Maker Alcoa Will Start 2Q Earnings Season
Signs that Alcoa benefited from more sales of aluminum at higher prices as it coped with rising energy and raw materials costs. Some of its customers were also affected by the aftermath of Japan's earthquake and tsunami in March. The aluminum manufacturing giant, based in Pittsburgh, has seen...
