Alcoa reported “best-ever” results for its Engineered Products and Solutions segment, including results from Alcoa Fastening Systems. Segment sales grew 2.3% to $1.5 billion during the second quarter of 2014.
Segment ATOI rose 8% to a quarterly record of $204 million sequentially and up $11 million, or 6%, year-over-year. Sequentially, higher volumes across all businesses and favorable productivity drove the improvement. Segment third-part aluminum shipments gained 6.9% – both sequentially and year-over-year – to 62 kmt.(…)
