Alcoa Announces First Quarter 2006 Results (4/18/06)
April 18, 2006
Alcoa recently announced first quarter 2006 income from continuing operations of $615 million, or $0.70 per diluted share, the highest quarterly profit in the company's history. Income from continuing operations of $615 million, or $0.70, was 190% higher than $212 million, or $0.24, in the previous quarter, and 129% better than $268 million, or $0.31, in the first quarter of 2005. Net income for the quarter was a record $608 million, or $0.69, a 171% increase from the sequential quarter and 134% higher than the first quarter of 2005. Revenues for the quarter increased 9% sequentially to $7.24 billion, the highest quarterly revenues in the company's history. Compared to the year ago quarter, sales have grown 16%, as five of the company's six business segments achieved higher volumes.