The acquisition is a significant boost to Alcoa's aerospace revenue. It grows Alcoa's aerospace revenue in 2013 by 20% on a pro forma basis, from $4 billion to $4.8 billion. The acquisition will boost Alcoa's overall revenue by $1.6 billion by 2016, and by $2 billion by 2019. Show More Summary
Alcoa has been flying high lately, but it's still not immune to a possible setback. Find out why.
"This isn't just about getting these kids a job" says Scott Hudson Principal Manager of Social Responsibility and Community Outreach with the Alcoa Foundation, "It's about giving them a leg up with real workforce skills. And maybe they'll move on to study engineering or computer aided design later."
The aluminum giant has fallen from its 52-week high, but it has the potential to regain its lost ground. Find out why.
Alcoa has announced steps that will further its ongoing portfolio transformation. The company has announced a $190 million investment at its Davenport, Iowa facility to expand its product offerings in the aerospace and industrial markets. In addition, the company recently announced that it had reached an agreement to sell its ownership stake in the Mt. Holly […]
The aluminum company had good results, even if last week's stock-market plunge rained on Alcoa's parade. Find out what the company thinks of its prospects.
By Micah Dickson: Alcoa (AA) just released earnings this past week. I use the conference calls of large giants like Alcoa to come up with a world view on the economy and different industries. Because aluminum is used in so many industries, Alcoa has a great view of what is going on in the world. Show More Summary
By Hunter Straus: Background On October 8, 2014, Alcoa, Inc. (NYSE: AA) reported 3Q 2014 net income of $149 million ($0.12 per share) on sales of $6.24 billion (On a non-GAAP basis, the company reported net income of $370 million, or $0.31 per share) compared to net income of $24 million ($0.02 per share) on sales of $5.77 billion. Show More Summary
By Ferdinando Garcia: First nine months Alcoa (NYSE:AA) posted a net income of $109 million in the first nine months of the year, doubling the previous year's results. The company recorded a net earning per share of 9 cents as opposed to the 5 cents per share it earned last year. Show More Summary
By Price Point: Alcoa (NYSE:AA), the biggest U.S. based aluminum producer, reported better than expected results, driven by a strong downstream contribution and doubling in primary aluminum earnings. The company reported 3Q14 adjusted EPS of $0.31, beatings consensus estimates of $0.23 by an impressive 35%. Show More Summary