7/9/2015 1:26:00 AM
NEWS BRIEFS
Alcoa Fastener Segment Records Solid Growth
Alcoa reported Engineered Products and Solutions segment sales, including fasteners, rose 15.4% to $1.73 billion in the second quarter of 2015. The segment achieved record after-tax operating income of $210 million, up 4%, with aerospace revenue gaining 29%.
First-half sales at Engineered Products climbed 16.3% to $3.42 billion, with after-tax operating income increasing 3.5% to $404 million.
Overall Q2 revenue totalled $5.9 billion, driven by strong organic growth in aerospace, automotive and alumina businesses.
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