The 2020 Mid-Year Economic Update_long

Alcoa Sales Up 1% in 2Q

Aerospace, automotive and alumina organic growth was 12.7 percent.

Metal manufacturer Alcoa (NYSE: AA), New York, NY, reported sales for the first quarter of $5.9 billion, an increase of 1 percent year-over-year. Organic growth in aerospace, automotive and alumina, combined with acquisitions, grew second-quarter revenue by 12.7 percent. Profit for the quarter was $140 million, up 1.4 percent from a year ago.

For the first six months, the company reported sales of #11.7 billion, up 3.6 percent from the same period a year ago. Profit for the first two quarters of the fiscal year was $335 million, up from a net loss of $40 million a year ago.

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