While the focus is on Hazelwood, if the Victorian Government doesn't act soon, they could find themselves left with a hefty clean up bill from Energy Australia, Alcoa and Energy Brix. No one is making sure these companies put aside the funds to clean-up the flammable and toxic mess they'll leave behind.
The company reported strong year-over-year growth in quarterly profits. Excluding one-time costs, net income stood at $363 million in Q1 2015, as compared to $98 million in the corresponding period last year. One-time charges, totaling...Show More Summary
Dow Jones Industrial Average lifts as Alcoa opens earnings season with mixed report.
Earnings season unofficially kicked off on Wednesday night with aluminum giant Alcoa reporting earnings per share that topped expectations on revenue that missed estimates. Overall, analysts have a downbeat forecast for earnings season, having cut expectations by 8% in the 3 months leading up to earnings season. Show More Summary
Aluminium giant kicks off earnings season in the US with underwhelming result.
Some companies are notorious for buying back billions in stock in order to mask the decline in their earnings by reducing the number of shares outstanding. Alcoa, which still has a major debt overhang from the last financial crisis, is unable to do that as it simply does not have the free cash flow to dedicate to shareholder friendly activities. Show More Summary
Alcoa just reported first quarter earnings that beat expectations on the bottom line while missing on the top line. The company also reaffirmed its outlook for growth in the aerospace, automotive, building, industrial gas, and packaging end markets. Show More Summary
Here comes earnings season. After the market close on Wednesday, Alcoa will report first quarter earnings, unofficially kicking off first quarter earnings season. Wall Street is expecting the aluminum giant to report adjusted earnings...Show More Summary
Earnings season is here. On Wednesday, aluminum giant Alcoa will report earnings after the market close, marking the unofficial start of first quarter earnings season. In a note to clients ahead of the report, Jonathan Golub at RBC Capital wrote that earnings for the S&P 500 are expected to decline 4.2% in the first quarter. Show More Summary
We expect the company's increasing emphasis on its high-margin value-added products to positively affect its results. In addition, higher average aluminum prices in Q1 2015, as compared to the corresponding period in 2014, will also positively impact the fortunes of the company’s upstream Primary Aluminum and Alumina business segments.
By Rodrigo Campos NEW YORK (Reuters) - Market focus will shift from macro to micro next week as economic data winds down and quarterly earnings reports from S&P 500 components including Alcoa take center-stage. Earnings expectationsShow More Summary
Dangerous PM10, S02 emissions soar in year at Alcoa's Victorian plant.
Eighteen-year-old Hannah Tate had a rare form of kidney cancer and spent most of her senior year at St. Jude Regional Children’s Hospital, instead of attending Alcoa High School, Tennessee. She spent the time battling cancer, receiving chemotherapy, radiation, and surgeries, according to ABC News Channel 8. Show More Summary
Of S&P 500 companies providing first-quarter outlooks, MarketWatch reports 84% have been negative as Profit Warnings Pile Up.Ahead of the start of earnings reporting season, which unofficially kicks off when Alcoa Inc., reports results on April 8, about 84% of the companies that have provided first-quarter outlooks gave negative outlooks. Show More Summary
The DOE has revived the ATVMP loan program and will hand out the first $259 million loan agreement to Alcoa to make aluminum for lighter, cleaner cars. Continue reading Alcoa awarded $259 million in DOE's first revived ATVMP loan program...Show More Summary
The supplier will use the funds to expand its Tennessee manufacturing facility to build more aluminum for North American automakers.
This step is a continuation of the company’s strategy to reduce high-cost smelting and refining capacity, as it shifts focus towards its value-added businesses. The company had recently announced the review of 500,000 tons per year of smelting capacity and 2.8 millions tons per year of refining capacity for possible curtailment or divestiture. Show More Summary
Alcoa’s (AA) earnings release on April 8th will put the spotlight on the Q1 earnings season. But trends in estimate revisions are setting up Q1 as a very weak reporting cycle. The magnitude of negative revisions that...
Billionaire Stanley Druckenmiller‘s hedge fund Duquesne Capital, disclosed an equity portfolio valued at some $1.02 billion as of the end of 2014, representing a significant growth of 25.1%. The equity portfolio is mainly invested in Consumer Discretionary (30.9%), Health Care (30.3%), and Financials (13.4%) stocks. Show More Summary
(72) The Financial Review in Feb 2014 wrote that Ford was was closing its Geelong manufacturing works, ending 300 jobs by June and the remaining 210 by 2016. Alcoa reported that its ageing aluminium smelter at Point Henry would close in August, along with a rolling mill, at a cost of 800 jobs. Show More Summary