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Alcoa Endures First-Quarter 2012 Drop in Prices, Sees Strong Productivity Gains

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 662 Words

SUGAR LAND--April 12, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Aluminum producer Alcoa Incorporated (NYSE:AA) (Pittsburgh, Pennsylvania) weathered stormy market conditions in the first quarter of 2012, as steep declines in realized aluminum and alumina prices offset the benefits of improved productivity and volumes, as well as record results in the Flat-Rolled Products and Engineered Products segments. Net income for the quarter was reported to be $94 million, compared with $308 million in first-quarter 2011.


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