January 8, 2013

Alcoa Reports Fourth Quarter Income From Continuing Operations of $0.21 Per Share; Income of $0.06 Per Share Excluding Special Items

Company Ends 2012 in Strong Liquidity Position; Record Results in Mid and Downstream
 
Forecasting 7 Percent Growth in Global Aluminum Demand in 2013

 

4Q 2012 Highlights 
  • Income from continuing operations of $242 million, or $0.21 per share; excluding special items, income from continuing operations of $64 million, or $0.06 per share
  • Revenue of $5.9 billion, up 1 percent sequentially, down 2 percent from 4Q 2011
  • Cash from operations of $933 million, up $670 million from 3Q 2012
  • Free cash flow of $535 million
  • Strong liquidity with cash on hand of $1.9 billion
  • Record low 24 days working capital
  • Record results in Global Rolled Products, Engineered Products & Solutions
  • Forecasting 7 percent growth in global aluminum demand in 2013
 
Full-Year 2012 Highlights 
  • Income from continuing operations of $191 million, or $0.18 per share; excluding special items, income from continuing operations of $262 million, or $0.24 per share
  • Revenue of $23.7 billion, down 5 percent from 2011, on lower LME pricing
  • Cash from operations of $1.5 billion
  • Free cash flow of $236 million
  • Debt-to-capital ratio 35 percent; Net debt-to-capital ratio 30 percent
  • Debt of $8.8 billion; Net debt of $7 billion, lowest level since 2006
  • Record results in Global Rolled Products, Engineered Products & Solutions
  • 531,000 metric tons of smelting capacity taken offline to improve competitive position

See full corporate news release