(…) Alcoa Fastening Segment Achieves Record ATOI
Alcoa reported sales at its Engineered Products segment, including Alcoa Fastening Systems, edged down to $1.34 billion in the final quarter of 2012, with third-party shipments slipping 1.8% to 52 kmt.
Fourth-quarter ATOI totalled $137 million, down $23 million sequentially and up $15 million, or 12%, year-on-year.
“Sequentially, cost increases and unfavorable volume and price/mix were somewhat offset by continued productivity improvements,” the company stated. “The year-on-year improvement was driven primarily by productivity gains, partially offset by cost increases.” (…)
