SECURITY: AA (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Indice: DJIA
Premier producteur mondial
d'aluminium primaire, d'aluminium semi-fabriqué et d'alumine. Présent
dans tous les secteurs majeurs de l'industrie : technologie, extraction,
raffinage, fusion, fabrication et recyclage.
Alcoa is the world's leading
producer of primary aluminum, fabricated aluminum and alumina, and is active
in all major aspects of the industry. Alcoa serves the aerospace, automotive,
packaging, building and construction, commercial transportation and industrial
markets, bringing design, engineering, production and other capabilities
of Alcoa's businesses to customers. In addition to aluminum products and
components, Alcoa also markets consumer brands including Reynolds Wrap(R)
foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps.
Among its other businesses are vinyl siding, closures, precision castings,
and electrical distribution systems for cars and trucks.
http://www.alcoa.com
Alcoa
Announces Dividend
NEW
YORK--(BUSINESS WIRE)--The Board of Directors of Alcoa (NYSE:AA) declared
(a) a quarterly common stock dividend of 17 cents per share payable August
25, 2008 to shareholders of record at the close of business on August 8,
2008 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75
cumulative preferred stock payable October 1, 2008 to shareholders of record
at the close of business on September 12, 2008. Alcoa has paid a quarterly
dividend on its common stock for more than 60 years.
Alcoa
Reports Strong 2nd Quarter 2008 Results; Higher Volume and Pricing Offset
Input Cost Pressures
Double-Digit
Profit Increases Across All Segments From 1st Quarter 2008
Highlights:
Net
income of $546 million or $0.66 per share, an 80 percent increase sequentially;
Revenues
of $7.6 billion, an 11 percent increase excluding Packaging;
Revenue
increases across all four operating segments sequentially;
Double-digit
profit increases across all segments sequentially;
Input
costs impacting entire aluminum industry offset by higher volume and pricing;
Record
quarterly smelting production levels set at more than 1 million metric
tons
Cash
from operations of $1 billion in the quarter, driven by higher profits
and improved working capital;
Debt-to-capital
stands well within targeted range at 30.6 percent;
ROC
stands at 12.1 percent excluding investments in growth projects;
Share
repurchase program continued in quarter. Total repurchases at 10 percent
against Board authorized level of up to a maximum of 25 percent of shares
outstanding. Full
Story
Alcoa
Announces Dividend
NEW
YORK--(BUSINESS WIRE)--The Board of Directors of Alcoa (NYSE:AA) declared
(a) a quarterly common stock dividend of 17 cents per share payable February
25, 2008 to shareholders of record at the close of business on February
8, 2008 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s
$3.75 cumulative preferred stock payable April 1, 2008 to shareholders
of record at the close of business on March 14, 2008. Alcoa has paid a
quarterly dividend on its common stock for more than 60 years
Alcoa's
Kevin Anton Elected Chairman of Aluminum Association Board
NEW
YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that Kevin M. Anton,
vice president of Alcoa and President of Alcoa Materials Management, has
been elected chairman of the board of The Aluminum Association at the trade
organization’s annual membership meeting in Tucson, Arizona.
Mr.
Anton succeeds Patrick M. Franc,president of ARCO Aluminum. Anton’s two-year
term begins January 1, 2008. He has been vice chairman of the Association
for the past two years.
Alcoa
Reports Third Quarter 2007 Income from Continuing Operations of $0.64 Per
Share
Board
Increases Share Buyback Program to 25% of Outstanding Shares
NEW
YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA):
Highlights:
Income
from continuing operations of $558 million, or $0.64 per share, a three
percent increase from a year ago.
Revenues
of $7.4 billion.
Board
increases authorization to repurchase shares to 25 percent of outstanding
shares, up from previously authorized 10 percent.
Chalco
sale and upcoming packaging and automotive castings sales to provide cash
and flexibility to enhance shareholder value.
Debt-to-capital
stands at 29 percent.
Trailing
12-month ROC stands at 11.8 percent including significant growth investments;
excluding investments in growth, ROC is 14.6 percent.
Quarterly
results impacted by Chalco gain, restructuring and impairment charges,
currency, seasonality, metal prices, higher energy costs and softening
markets. Full
Story
Alcoa
Reports Strong Quarterly Results With Record Revenue and Cash From Operations;
Company Extends Offer For Alcan to August 10, 2007
Highlights:
Second
quarter 2007 income from continuing operations of $716 million or $0.81
per share.
Revenues
reach quarterly record of $8.1 billion.
Cash
from operations rose to a record $1.35 billion.
Debt-to-capital
ratio at 29.4 percent, lowest in this decade.
Five
of six segments increase ATOI sequentially.
Downstream
Flat-Rolled Products, Extruded and End Products, and Engineered Solutions
each deliver quarterly ATOI records.
ROC
including major growth investments of 11.8 percent; excluding growth projects,
ROC was 14.7 percent. Full
Story
Alcoa
to Offer to Acquire Alcan for US$73.25 Per Share in Cash and Stock
US$33
Billion Transaction Will Create a Premier Global Aluminum Company with
Enhanced Growth Opportunities
Annual
Cost Synergies Expected to be Approximately US$1 Billion
Combined
Company Will Have Dual Head Offices in Montreal and New York
MONTREAL
& NEW YORK--(BUSINESS WIRE)--Alcoa Inc. (NYSE: AA) announced today
that it will be making an offer to acquire all of the outstanding common
shares of Alcan Inc. (TSX: AL; NYSE: AL) for US$58.60 in cash and 0.4108
of a share of Alcoa common stock for each outstanding common share of Alcan.
The transaction will create a premier diversified global aluminum company,
with a complementary portfolio of assets and enhanced growth opportunities,
and better position the combined company to build value for shareholders.
Alcoa expects to begin its offer on Tuesday, May 8, 2007.
Based
on Alcoa’s closing stock price on May 4, 2007, the offer has a value of
US$73.25 per Alcan share or approximately US$33 billion in enterprise value.
The Alcoa offer represents a 32% premium to Alcan’s average closing price
on the NYSE over the last 30 trading days and a 20% premium to Alcan’s
closing price on May 4, 2007, its all-time high.
Commenting
on the offer, Alain J.P. Belda, Chairman and Chief Executive Officer of
Alcoa, stated: “This offer follows almost two years of discussions between
our companies regarding a variety of potential business combination transactions,
including unsuccessful Board-level discussions of a merger transaction
last fall. We are very disappointed that those efforts did not result in
a negotiated transaction – a conclusion we would have strongly preferred.
We believe firmly in the compelling strategic rationale behind the combination
of Alcoa and Alcan and are convinced that this transaction creates substantial
value for both sets of shareholders and for our customers around the world.
We are therefore taking our offer directly to Alcan shareholders.”
The
combination of Alcoa and Alcan creates a stronger, more diverse global
competitor with the scale and cost structure to be competitive over the
long term within a rapidly changing industry landscape. Alcoa and Alcan
will bring together a complementary portfolio of businesses and benefit
from a broader talent base, enhanced research and development expertise,
and shared values. The combined company will also have a better balance
of growth projects. Together, Alcoa and Alcan will be better able to prioritize
and execute on key expansion and modernization projects, and maximize performance
improvement opportunities from sharing best practices and leveraging procurement.
Alcoa
Reports Strongest 1st Quarter Income in Company History
Highlights:
Income
from continuing operations of $673 million or $0.77 per share.
Income
from continuing operations excluding restructuring of $691 million or $0.79
per share.
Revenues
up 11 percent from a year ago to $7.9 billion.
Highest
1st quarter cash flow in Company history and a more than $700 million improvement
from year-ago quarter.
Debt-to-capital
ratio within target range at 30.9 percent while continuing significant
investment in strategic growth projects.
ROC
including major growth investments of 12.7 percent; excluding growth investments,
ROC was 15.6 percent.
Downstream
businesses deliver strong results.
First
electricity flows to new Alcoa Fjardaal smelter in Iceland today.
NEW
YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) today announced first quarter 2007
income from continuing operations of $673 million, or $0.77 per diluted
share. Excluding previously announced restructuring charges, income from
continuing operations was $691 million, or $0.79 per share, a 13 percent
increase from the first quarter of 2006, and a 20 percent increase from
the fourth quarter of 2006 which also included discrete tax items.
Net
income for the quarter was $662 million, or $0.75, a nine percent increase
from the first quarter of 2006. Net income for the fourth quarter 2006
was $359 million, or $0.41.
Revenues
for the quarter increased 11 percent from a year ago to $7.9 billion, driven
by higher metal prices and sales to the aerospace, building and construction,
and industrial product markets. Fourth quarter 2006 revenues were $7.8
billion.
Cash
from operations in the first quarter rose to a record $527 million, a more
than $700 million improvement from the first quarter of 2006.
“Alcoans
have delivered another strong quarter of top and bottom line growth, productivity
improvements in cost of goods and overhead, and a dramatic improvement
in cash flow from last year’s first quarter,” said Alain Belda, Alcoa Chairman
and CEO. “Our focus on higher value-added solutions, such as aerospace
products, and productivity programs helped to continue our momentum this
quarter.
“The
momentum we built last year is carrying through in disciplined capital
and portfolio management, growth projects coming on-stream, and continued
improvement in our strong downstream operations,” said Belda. “Again, we
have delivered a strong quarter while also investing in projects that will
generate strong returns for years to come.”
Cost
of goods sold as a percent of revenues was 76 percent, a 220 basis point
improvement versus the fourth quarter of 2006 as a result of productivity
initiatives.
Balance
Sheet and Growth Projects
The
Company’s strong cash generation performance in the quarter of $527 million
helped to continue to fund its growth programs. In the quarter, capital
expenditures were $783 million, 67 percent of which was devoted to growth
projects.
“I
am pleased our new Alcoa Fjardaal smelter in Iceland is moving from the
construction phase to start-up and operational activities,” said Belda.
“This state-of-the-art facility and other growth projects will begin to
contribute this year.”
The
first electricity energizing pots for start-up of Alcoa Fjardaal began
today in Iceland. Also, the Company’s Intalco smelter in Ferndale, WA expanded
its production this quarter.
The
Company’s debt-to-capital ratio stood at 30.9 percent at the end of the
quarter, within the Company’s target range. The Company's 12-month trailing
ROC stood at 12.7 percent at the end of the first quarter 2007, following
significant growth investments. Excluding investments in growth, the Company’s
ROC was 15.6 percent.
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