The first quarter, Alcoa ATOI 2011 first quarter compared to an increase of 19 percent to $ 155 million, an increase of $ 25 million, with the fourth quarter of 2011 compared to an increase of 27 percent, an increase of $ 33,000,000.
Benefited from the strong increase in productivity and sales growth, adjusted EBITDA margin grew by 19 percent, a record high.
Overall, first quarter net profit of Alcoa fell 69 percent to $ 94 million, 9 cents a share, reversing last year's fourth-quarter loss of nearly $ 200 million in performance, significantly better than market expectations.
Analysts polled by Thomson expected U.S. Aluminum season may be a loss. Results, even though aluminum prices fell 9% in the first quarter U.S. Aluminum sales grew 1 percent to $ 6.01 billion, better than market expectations. The company unexpectedly profitable thanks to the aluminum metal demand growth to promote order growth, and turn off energy-intensive smelting capacity can be so cost-cutting measures work.
U.S. Aluminum Chief Executive Officer Klaus Kleinfeld said that the global end-market demand for aluminum growth, particularly in the field of aerospace demand to strengthen further. Regions in North America outside of the construction industry most of the industrial demand for aluminum is very strong; various industries in China aluminum demand growth declined slightly, but still maintain a good growth; European market demand is still stagnant.
United States Aluminum to maintain the global aluminum demand growth this year is expected to be unchanged at 7 percent, 3 percentage points to 13% -14% growth is expected to increase the aerospace market demand for aluminum, while the global automotive industry, aluminum demand is expected to grow by 3% -7%. In addition, the United States Aluminum is also expected that the 2012 global aluminum supply gap.
By the strong earnings to boost the U.S. Aluminum stock rose more than 5 percent in after-hours trading session on the 10th. Aluminum prices dragged down in the past year, the U.S. aluminum industry stock plunged 46 percent. U.S. Aluminum Industry in the constituent stocks of the Dow Jones industrial average to report earnings of the company, which officially opened the Wall Street earnings season curtain.
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