Last $15.97 USD
Change Today +0.35 / 2.24%
Volume 15.6M
AA On Other Exchanges
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

alcoa inc (AA) Snapshot

Open
$15.64
Previous Close
$15.62
Day High
$15.98
Day Low
$15.62
52 Week High
07/11/14 - $15.98
52 Week Low
08/30/13 - $7.68
Market Cap
18.8B
Average Volume 10 Days
20.2M
EPS TTM
$0.09
Shares Outstanding
1.2B
EX-Date
05/8/14
P/E TM
184.2x
Dividend
$0.12
Dividend Yield
0.75%
Current Stock Chart for ALCOA INC (AA)

alcoa inc (AA) Details

Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is engaged in mining of bauxite, which is then refined into alumina. The Primary Metals segment produces aluminum. The Global Rolled Products segment produces and sells aluminum plate, sheet, and foil. The Engineered Products and Solutions segment produces and sells titanium, aluminum, and super alloy investment castings; fasteners; aluminum wheels; integrated aluminum structural systems; architectural extrusions; and forgings and hard alloy extrusions. Its products are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. The company has operations primarily in the United States, Australia, Spain, Brazil, France, the Russian Federation, Hungary, the Netherlands, Norway, the United Kingdom, China, Germany, and Italy. Alcoa Inc. was founded in 1888 and is based in New York, New York.

60,000 Employees
Last Reported Date: 07/8/14
Founded in 1888

alcoa inc (AA) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.4M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $436.9K
Executive Vice President, Member of Executive...
Total Annual Compensation: $500.0K
Executive Vice President, Member of Executive...
Total Annual Compensation: $433.7K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $565.0K
Compensation as of Fiscal Year 2013.

alcoa inc (AA) Key Developments

Alcoa Announces Investments

Alcoa is investing $100 million to build a new 320,000-square-foot facility. It will expand Alcoa's reach in structural engine components for military, business and regional jets to large commercial aircraft, including narrow-and wide-body airplanes. In Hampton, Virginia, Alcoa is scaling-up technology at an existing plant to cut the weight of its highest-volume jet engine blades by 20%. The lighter blade will enhance aerodynamic performance for increased fuel efficiency. Both expansions are expected to be complete by fourth quarter 2015 and will contribute towards APP's expected $2.2 billion revenues in 2016. Alcoa's second automotive expansion in Tennessee is on schedule for completion in mid 2015. The amount of aluminum body sheet content in North American vehicles is expected to quadruple by 2015 and increase tenfold by 2025 from 2012 levels. In addition, the rolling mill at the Ma'aden-Alcoa joint venture in Saudi Arabia produced its first production-grade coil on schedule.

Alcoa Reports Earnings Consolidated Unaudited Results for the Second Quarter and Six Months Ended June 30, 2014

Alcoa reported earnings consolidated unaudited results for the second quarter and six months ended June 30, 2014. Second quarter 2014 revenues were climbed sequentially to $5.8 billion and held steady from the same period last year. The sequential improvement resulted from stronger volumes in the mid and downstream, improved metal pricing, and higher energy sales. Sequentially, second quarter 2014 results compare to a net loss of $178 million, or $0.16 per share, in first quarter 2014. Income before income taxes was $207 million against loss of $127 million a year ago. Net income attributable to Alcoa was $138 million or $0.12 diluted per share against loss of $119 million or $0.11 diluted per share a year ago. Adjusted EBITDA was $776 million against $616 million a year ago. Year-over-year, second quarter 2014 results compare to a net loss of $119 million, or $0.11 per share, in second quarter 2013. Alcoa's net debt decreased sequentially from $7.1 billion to $6.9 billion in second quarter 2014, the lowest since 2007. Sales were $11,290 million against $11,682 million a year ago. Loss before income taxes was $67 million against income of $107 million a year ago. Net loss attributable to Alcoa was $40 million or $0.04 diluted per share against income of $30 million or $0.03 diluted per share a year ago. Net cash used in operations was $33 million against provided by operations of $444 million a year ago. Capital expenditures were $467 million against $521 million a year ago.

Alcoa Announces Executive Changes

Alcoa has named Tómas Már Sigurdsson as the chief operating officer for its global primary products (GPP) business, it said late on June 30. Sigurdsson has been president of GPP in Europe since January 2012, and was previously md of Alcoa Iceland. He will relocate to New York and become a member of Alcoa's executive council. The company also announced that Martin Brière has become GPP president for Canada, Africa and Europe, having held responsibility for just Canada and Africa until now. His new role will include shouldering Alcoa's responsibility for the Ma'aden smelter in Saudi Arabia. Brière joined Alcoa in 2007 and was named head of the Deschambault Smelter in 2010, before being appointed vp of operations for the GPP business in Canada in 2012. Finally, Alcoa has made Simon Baker president of Alcoa in the Europe region. Baker, formerly energy director in Europe, will continue to manage Alcoa's energy requirements in Europe.

 

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AA

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Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.6x
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TEV/Sales 0.3x
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