The 2020 Mid-Year Economic Update_long

Alcoa Sales Down 6% in 1Q

Realized aluminum prices down 8% year-over-year.

Alcoa (NYSE: AA), New York, NY, reported sales for the first quarter of $5.5 billion, a decrease of 6 percent year-over-year. Alcoa reported a net loss for the quarter of $178 million, compared to a net income of $149 million in the first quarter of 2013. Realized aluminum prices fell 8 percent year-over-year.

Alcoa increased its 2014 global aerospace growth expectation by one percentage point (8 percent to 9 percent, previously 7 percent to 8 percent), on strong demand for both large commercial aircraft and regional jets and continued growth in the business jet market.

Alcoa also continues to project 2014 growth in automotive (1 percent to 4 percent), packaging (2 percent to 3 percent), and building and construction (4 percent to 6 percent). Alcoa expects 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.

Alcoa continues to project 7 percent global aluminum demand growth in 2014.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com