1/11/2011 12:24:00 AM
NEWS BRIEFS
Fastener Segment ATOI Jumps at Alcoa

Alcoa reported sales at its Engineered Products and Solutions segment, including Alcoa Fastening Systems, declined 2.2% to $4.58 billion in 2010, despite an 11% sales increase to $1.21 billion during the final quarter.
 

Full-year ATOI increased 31% to $415 million, boosting by a doubling of its operating income during the fourth quarter. ATOI in the fourth quarter was $113 million, essentially flat with third-quarter ATOI of $114 million. Q4 adjusted EBITDA margin remained at 17%, 6% better than the fourth quarter of 2009.
 

“Seasonal shutdowns and weather delays impacted this quarter’s results, although the segment achieved improved sequential revenues due to volume improvements in aerospace and commercial transportation,” the company stated.
 

Consolidated sales during 2010 rose 14% to $21 billion. ©2011 GlobalFastenerNews.com

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