Alcoa Third Quarter Revenue, Earnings Higher Than Year-Ago Quarter, Down Sequentially on Lower Prices and European Market Weakness
Highlights:
Income from continuing operations of $172 million, or $0.15 per share, up 182 percent compared to third quarter 2010, down 47 percent from second quarter 2011
Revenue of $6.4 billion, up 21 percent over third quarter 2010, down 3 percent from second quarter 2011
Cash from operations of $489 million in the quarter, $1.1 billion year-to-date
Free cash flow of $164 million in the quarter, $250 million year-to-date
Debt-to-capital ratio of 33.7 percent and cash on hand of $1.3 billion