7/9/2013 2:47:00 PM
NEWS BRIEF
Alcoa reported sales at its Engineered Products and Solutions segment, including Alcoa Fastening Systems, rose 3.4% to a record $1.47 billion in the second quarter of 2013. ATOI jumped 23% to $193 million, driven by “favorable productivity and higher volumes across all market segments.”
This segment reported a record quarterly adjusted EBITDA margin of 22.2%, compared to 20.9% and 19.2%, respectively, for first quarter 2013 and the same quarter last year.
Overall Alcoa sales dropped 1.9% to $5.85 billion in Q2.
First-half Engineered Products sales gained 2.9% to $2.89 billion, with ATOI increased 16.5% to $366 million.
In the opening quarter of 2013 the Engineered Products segment grew 2.4% to $1.42 billion. ©2013 GlobalFastenerNews.com
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Related Links:
• Alcoa
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