4/10/2013 12:01:00 AM
NEWS BRIEF
Alcoa reported sales at its Engineered Products and Solutions segment, including Alcoa Fastening Systems, grew 2.4% to $1.42 billion in the opening quarter of 2013.
Segment after-tax operating income (ATOI) gained to 10.2% to $173 million, boosted by favorable productivity and higher volumes in the aerospace businesses. Quarterly EBITDA margin was 20.9%, compared to 19.4% in the first quarter of 2012.
Consolidated sales for Alcoa dropped 1% to $5.8 billion in Q1, while net income rose 58% to $149 million. ©2013 GlobalFastenerNews.com
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