The 2020 Mid-Year Economic Update_long

Alcoa Reports 3Q Sales of $6.2 Billion

Metal manufacturing giant triples profit as sales improve 8 percent.

Metal manufacturer Alcoa (NYSE:AA), Pittsburgh, PA, reported sales for the third quarter of $6.2 billion, up 8 percent from the same period a year ago. Profit was $149 million, compared to $24 million a year ago.

The company said nearly half of the year-over-year revenue improvement resulted from organic growth. Favorable metal pricing and higher energy sales also contributed to revenues for the quarter.

Excluding the impact of special items, profit was $370 million, triple its adjusted 3Q 2013 profit of $120 million.

For the first nine months, sales were $17.5 billion, up slightly from $17.4 billion year over year. The company recorded a net income for the period of $109 million, compared to profit of $54 million a year ago.

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