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Alexkid

Alcoa Inc. turns 1Q profit on stronger sales
The Associated Press

12:33:00AM (DST) Tuesday,April 12,2011.

PITTSBURGH (AP) — Alcoa Inc. said Monday that it turned a first-quarter profit on stronger sales with higher aluminum prices that were offset by a weaker dollar and higher costs for energy and raw materials.

Alcoa said business improved from a range of customers; including the aerospace, automotive, commercial transportation and packaging industries. It marked the fourth consecutive quarterly profit for Alcoa as it pulled out of two difficult years hit by the recession.

The Pittsburgh aluminum manufacturer reaffirmed its guidance for 12 percent growth in global aluminum demand despite ongoing uncertainty in many countries, including China's efforts to slow growth and curb inflation.

Alcoa Chairman and CEO Klaus Kleinfeld said the company improved profitability across all business segments and he is optimistic for 2011 and beyond.


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* Oh yes indeed...
Alcoa is alive and well. *

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