Alcoa recently announced the best full year results in the company’s 118-year history. Annual income from continuing operations was $2.2 billion, or $2.47 per diluted share, for 2006. After excluding the impact of previously announced restructuring and impairment charges, income from continuing operations was $2.5 billion, a 75% increase from 2005. Driven by higher metal prices and strong demand for aluminum in the aerospace, commercial transportation and commercial building markets, revenues for 2006 increased 19% to a record $30.4 billion. In the company’s alumina segment, after-tax operating income was $259 million, down $12 million from the previous quarter but up 42% from the year-ago quarter.
Additional details are available at www.alcoa.com