Ceramic Industry News

Alcoa's First Quarter Earnings Better than Expected

Alcoa said recently its first quarter net earnings rose 16% as it continued to cut costs and due to the positive impact of acquisitions.

Alcoa Inc., the world's largest producer of aluminum, said recently its first quarter net earnings rose 16% as it continued to cut costs and due to the positive impact of acquisitions. Pittsburgh-based Alcoa reported earnings of $404 million compared with earnings of $347 million a year earlier. Its earnings per diluted share dropped to 46 cents a share from 47 cents a share as the number of shares on issue increased. The company said its successful cost-cutting program and the positive impact of acquisitions had been offset by "a significant drop in demand from certain end markets, lower metal prices" and increases in energy costs. Alcoa said it achieved $124 million in cost savings in the first quarter out of its $1 billion cost-cutting program over the next three years. Alcoa said its revenues rose $6.18 billion to $4.51 billion from a year earlier. The company said it sees capital spending in 2001 at the previous year's levels, despite acquisitions.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!