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In The News:

Alcoa Sales Slip 3% in 2013

Alcoa (NYSE: AA), New York, NY, reported sales for 2013 of $23 billion, a decrease of 3 percent compared to 2012. Realized aluminum prices declined 4 percent year-over-year. Alcoa reported a net loss of $2.3 billion for the year, compared to 2012 net income of $191 million.

For the fourth quarter, sales were 5.6 billion, a decrease of 5.3 percent compared to the same period a year ago. Alcoa reported a net loss of $2.3 billion, compared to a year-ago profit of $257 million.

In 2014, Alcoa projects global growth in the aerospace (7 percent to 8 percent), automotive (1 percent to 4 percent), packaging (2 percent to 3 percent) and building and construction (4 percent to 6 percent) markets. After a strong 2013, Alcoa projects a steady commercial transportation market (-1 percent to 3 percent), and a decline in the industrial gas turbine market (-8 percent to -12 percent) on lower orders for new gas turbines and spare parts.

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