Arconic reported revenue for its Engineered Products and Solutions (EP&S) segment – primarily aerospace fasteners – rose 6% to $1.49 billion in the fourth quarter of 2017. Adjusted EBITDA increased 11.7% to $296 million, while adjusted EBITDA margin was 19.9%, up 110 basis points.

“Increased aerospace volume in both engines and airframes coupled with strong net cost savings more than offset unfavorable price and mix,” the company stated.

During Q4 EP&S consolidated its organizational structure, collapsing four business units into three. These changes are expected to save approximately $15 million in 2018.

Consolidated Q4 revenue for Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, increased 10% to 3.3 billion, including organic revenue of 6%. Adjusted EBITDA margin totaled 15.2%, up 90 basis points.

EP&S revenue for 2017 improved 3.6% to $5.9 billion, with segment adjusted EBITDA up 2.4% to $1.22 billion. Web: Arconic.com