Alcoa Ends Strong 2011 With Tough Fourth Quarter, as Solid Profits Trump Restructuring Costs for Year, an Industrial Info News Alert

Marketwired

SUGAR LAND, TX--(Marketwire -01/11/12)- Researched by Industrial Info Resources (Sugar Land, Texas) -- Aluminum maker Alcoa Incorporated (NYSE:AA - News) (Pittsburgh, Pennsylvania) reported strong overall results for full-year 2011 as aluminum demand soared and net income more than doubled that of 2010. The fourth quarter was shakier, however, as restructuring charges from major closings and curtailments, as well as market weaknesses, erased most of the gains. The quarter saw a net loss of $191 million, compared to net income of $258 million in fourth-quarter 2010, but full-year 2011 saw net income of $611 million, compared to $254 million in 2010.

Industrial Info is tracking more than $4 billion in active Alcoa projects.

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