Company Profile For Alcoa Inc.

Alcoa Inc. (AA.N) (New York Stock Exchange)

sector: Basic Materials · industry: Aluminum ·

As of 2:31am IST

13.06USD

Price Change

-0.07

Percent Change

-0.53%

Analyst Recommendations

Overview

Alcoa Inc. (Alcoa) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. It's products are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. Alcoa is a global company operating in 35 countries. North America and Europe generated 54% and 26%, respectively, of Alcoa’s sales during the year ended December 31, 2008. In addition, Alcoa has investments and activities in Australia, Brazil, China, Iceland, Guinea and Russia. In June 2009, Platinum Equity Holdings completed the acquisition of the wire harness and electrical distribution business of Alcoa.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Alcoa Inc.'s revenues decreased 39% to $13.01B. Net loss from cont. ops. totaled $721M vs. an income of $1.15B. Revenues reflect a decrease in income from Alumina segment and lower revenues from Primary Metals segment. Net loss reflects lower gross & operating margins, an increase in interest expenses, higher restructuring & other charges and the presence of equity loss.