Monday, 11 April 2016

Alcoa Announces 1st Quarter 2016 Results

Alcoa (NYSE:AA) announced their 1st Quarter 2016 results, the presentation for which can be found here.

There was a lot of information to digest, but the overall story was one of continued pressure on the commodities portion of the business (aluminium and bauxite production), and increase opportunities and product movement in their value add business. The split of the company still seems to be on track for later this year, and Arconic (the announced name of the value add split of) would appear to set for some solid performance should the global economy hit its stride.

No comments:

Post a Comment