Alcoa Second Quarter Income from Continuing Operations Jumps 138 Percent, Revenue Rises 27 Percent over Year-Ago Quarter
Highlights:

• Income from continuing operations of $326 million, or $0.28 per share, up 138 percent compared to second quarter 2010; excluding negative impact of special items, income from continuing operations of $364 million, or $0.32 per share
• Revenue of $6.6 billion, up 27 percent over second quarter 2010 and 11 percent over first quarter 2011
• Record profitability in mid- and down-stream businesses
• Cash from operations of $798 million
• Free cash flow of $526 million
• Debt-to-capital ratio of 32.6 percent and cash on hand of $1.3 billion
• Reduced days working capital from 43 in second quarter 2010 to 37
• Reaffirm projection for 12 percent growth in global aluminum demand for 2011

 

NEW YORK--(BUSINESS WIRE)--Alcoa’s (NYSE: AA) second quarter 2011 income from continuing operations jumped 138 percent compared to a year ago on growing revenue, record quarterly alumina revenue and record mid- and down-stream performance, the Company announced today.

“We turned in another strong quarter, with solid revenue and earnings growth”

Income from continuing operations was $326 million for second quarter 2011, or $0.28 per share. Excluding the negative impact for special items of $38 million, income from continuing operations was $364 million, or $0.32 per share.


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