Jason Sandefur

Alcoa Inc. reported operating income for its Fastening Systems business jumped 36% during 2007.
Consolidated revenue rose to $30.7 billion during the year, while net profit increased 21% to $3.1 billion.

Sales during the fourth quarter of 2007 dipped to $7.4 billion, while net income nearly doubled to $632 million.
“For the second year in a row, Alcoa has achieved company all-time records in revenues, income from continuing operations and cash generation,” said CEO Alain Belda. “We battled substantially higher material input and energy costs, and currency impacts.” Web: alcoa.com �2008 FastenerNews.com