Headlines
October 7, 2008
Alcoa Reports Third Quarter 2008 Results; Taking Action to Preserve Profitability, Liquidity Through the Downturn
Highlights:-
Net income of $268 million, or $0.33 per share, includes $29 million
or $0.04 per share for restructuring.
-
The sequential impact of currency translation was a negative $52
million or $0.06 per share.
-
Revenues of $7.2 billion, up from $6.5 billion in 3rd
quarter of 2007, excluding divested businesses.
-
Alumina segment improved ATOI over 2nd
quarter, and Engineered Products segment had strongest 3rd
quarter profitability in history.
-
Segment ATOI of $633 million, with two of four segments higher than 3rd
quarter of 2007.
-
Completed purchase of two percent of shares in the quarter, bringing
total share buy-back to 12 percent, or roughly half of the authorized
levels.
-
Cash on hand at $831 million and debt-to-capital stands at 36.3
percent.
-
Trailing 12-month ROC stands at 11.5 percent excluding investments in
growth.
-
Taking action to preserve and enhance strong balance sheet during
unprecedented volatility in financial markets.
-
Curtailing non-critical capital programs, suspending share repurchases.
 more
|
|
October 1, 2008
Alcoa Celebrates 120 Years of Innovation
Alcoa (NYSE:AA), the company that created the modern aluminum industry,
today marked its 120th anniversary with the launch of a website (www.alcoa.com)
celebrating the Company’s progress since
October 1, 1888, the day it was incorporated as The Pittsburgh Reduction
Company in Pittsburgh, PA.
more
|
|
September 30, 2008
2008 Alcoa Worldwide Month of Service: Alcoa Employees to Make a Difference Where They Live and Work
Alcoa (NYSE:AA) announced today that October is the start of the company’s
third annual Month of Service (MOS) when more than 16,000 Alcoa
volunteers across the globe joining with their families, neighbors and
community groups to undertake over 450 community projects in 25
countries.
more
|
|
September 30, 2008
Alcoa to Curtail Remainder of Rockdale, TX Smelter Due to Local Power Supply and Market Conditions
Alcoa (NYSE:AA) today announced it will curtail the remaining production
at its Rockdale, Texas aluminum smelter –
comprising approximately 150,000 metric tons of production a year (mtpy) –
beginning immediately as a result of uncompetitive power supply to that
smelter and overall market conditions. In June, the company idled three
of the plant’s six operating potlines
representing approximately 120,000 mtpy of production as a result of
ongoing local power supply issues.
more
|
|
|
|
|
What's New at Alcoa
Alcoa scores high in CEI 'Best Places to Work' survey
The Human Rights Campaign Foundation, the educational arm of the nation’s largest advocacy group for gay, lesbian, bisexual and transgender Americans, has awarded Alcoa an '85' rating for the 2009 Corporate Equality Index and Best Places to Work Survey.
more
As Others See Us
Alcoa Ranked Among Top Companies on Climate Change and Governance by Leading Environmental Group; Alcoa #2 in the U.S.
NEW YORK--(BUSINESS WIRE)--March 21, 2006--Alcoa (NYSE:AA) announced today that CERES, the largest coalition of investors, environmental and public interest organizations in North America, ranked Alcoa second among U.S. companies in its Report on Corporate Governance and Climate Change. This report is the first comprehensive measurement of how 100 leading global companies are preparing and positioning themselves to face the challenges of global warming. It is designed to be used as a benchmark tool by institutional investors and corporations.
Companies in the 10 most carbon-intensive sector industries were evaluated on how they addressed climate change through board oversight, management performance, public disclosure, emissions accounting and strategic planning. Alcoa scored 74 out of a possible 100 points, following DuPont, who had 85 points.
Alcoa was cited as a positive example in management execution. The report states that Alcoa's CEO is among the leaders in its industry by articulating the business case for GHG controls and a supportive government regulatory framework.
"Alcoa is committed to being a leader in addressing greenhouse gas emissions and climate change. This report recognizes both our focus on the issue and the hard work over the past decade to cut GHG emissions by more than 25 percent over 1990 levels," said Alcoa Chairman and CEO Alain Belda.
Separately, Alcoa was the highest scoring American company in an analysis of environmental and sustainability reporting in the metals, mining and crude-oil sectors by The Roberts Environmental Center of Claremont McKenna College, Claremont, California.
About CERES
CERES is a national coalition of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as global climate change. CERES directs the Investor Network on Climate Risk (INCR), a group of more than 50 institutional investors in the U.S. and Europe that collectively manage nearly $3 trillion in assets. For more information, visit http://www.ceres.org
About Alcoa
Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 42 countries and has been named one of the top three most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com
|
|
