Company reported sales for the first quarter of $2.7 billion.
Latest In Arconic (Alcoa)
Sales in the fourth quarter increased 25.1 percent year-over-year.
Board member David Hess named interim CEO.
Transaction is part of effort to convert business to aerospace and automotive supplier.
Sales in the fourth quarter increased 3.5 percent year-over-year.
For the first nine months, sales were down 11.9 percent year-over-year.
Spin-off of value-add company, Arconic, on track to be completed in second half of year.
Spin-off of value-add company, Arconic, on track to be completed in second half of year.
Sales in the fourth quarter decreased 17.8 percent year-over-year.
Company to separate into an upstream company and a value-add company.