SOURCE: Industrial Info Resources

Industrial Info Resources

April 13, 2011 06:30 ET

Alcoa Shows Solid Gains in First-Quarter 2011 as Demand, Pricing Boost Bottom Line, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Apr 13, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Aluminum maker Alcoa Incorporated (NYSE:AA) (Pittsburgh, Pennsylvania) reported significant gains for the first quarter of 2011, as higher demand for aluminum and stronger pricing in all of the company's major segments yielded the best net income results in more than a year. First-quarter net income was reported to be $308 million, compared with a net loss of $201 million in first-quarter 2010.

Industrial Info is tracking 23 active Alcoa projects that are worth a total of more than $2.3 billion, including $110 million in repairs at the Newburgh Heights Cleveland Works Aluminum Forgings plant in Cleveland, Ohio. For more information, visit Industrial Info's North American Metals and Minerals Project Database.

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