Alcoa Announces 2004 Income Of $1.4 Billion
January 19, 2005
Alcoa recently announced that its full year 2004 income from continuing operations was $1.402 billion, or $1.60 per diluted share, up 33% from $1.055 billion, or $1.22 per diluted share, in the previous year. "This year, we achieved the highest revenue in Alcoa's history and the second highest profitability," said Alcoa Chairman and CEO Alain Belda. "Strong cash flows allowed us to reduce debt by more than $1 billion and invest in the company's future. While we are benefiting from strong aluminum fundamentals and improving end use markets, U.S. dollar weakness and higher input costs continue to pressure margins. We will continue to attack costs, streamline our organization, and take advantage of the strong market environment."
Additional details can be found at http://www.alcoa.com.