Alcoa reported Engineered Products segment sales, including Alcoa Fastening Systems, grew 17% to a record $1.69 billion in the opening quarter of 2015. After-tax operating income (ATOI) was a first quarter record of $191 million, up $2 million, or 1%, year-over-year, and up $26 million, or 16%, sequentially.
“Year-over-year, productivity improvements and higher volumes in aerospace, commercial transportation and North American non-residential construction markets were offset by unfavorable price/mix and unfavorable foreign currency exchange rates,” the company stated.(…)
