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Alcoa Inc (AA)

AA on New York Consolidated

10.68USD
28 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Alcoa announces plan for 1-for-3 reverse stock split
Wednesday, 27 Jul 2016 05:08pm EDT 

Alcoa : Alcoa announces plan for 1-for-3 reverse stock split . "Does not anticipate issuing fractional shares as a result of reverse stock split" .Plans to undertake a reverse stock split of Alcoa's common stock at a ratio of 1 for 3.  Full Article

Alcoa declares quarterly dividend of 3 cents per share
Friday, 22 Jul 2016 11:17am EDT 

Alcoa Inc :Declared a quarterly common stock dividend of 3 cents per share.  Full Article

Ratan Tata reports open market purchase of 2,045 shares of Alcoa - SEC filing
Friday, 15 Jul 2016 07:28am EDT 

Alcoa Inc - : Ratan Tata reports open market purchase of 2,045 shares of Alcoa Inc at prices ranging from $10.7248 To $10.7250 - SEC filing .Ratan Tata purchased the Alcoa Inc shares on july 13 at average price of $10.72 per share.  Full Article

Cube Hydro Carolinas to acquire hydroelectric plants Alcoa Power Generating
Monday, 11 Jul 2016 04:56pm EDT 

Cube Hydro Carolinas Llc: Cube Hydro Carolinas, an affiliate of Cube Hydro Partners, reaches agreement to acquire hydroelectric plants on the Yadkin river in north Carolina from Alcoa Power Generating Inc. .Four facilities total 215 MW and are expected to produce nearly 800,000 megawatt-hours (MWH) of clean electricity per year.  Full Article

Alcoa Inc Q2 earnings per share $0.09
Monday, 11 Jul 2016 04:03pm EDT 

Alcoa Inc : Alcoa reports second quarter 2016 results . Q2 earnings per share $0.09 . Q2 earnings per share view $0.09 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $0.15 excluding items . Q2 revenue $5.3 billion versus i/b/e/s view $5.2 billion . 2016 packaging market is projected to grow 1 to 3 percent . In automotive, alcoa continues to forecast global automotive production growth of 1 to 4 percent for 2016 . 2016 global building and construction market projected to grow at 4 to 6 percent . Alcoa inc says for 2016 growth in heavy duty truck, trailer and bus market in europe and china is expected to be offset by continued production declines in north america . Forecasting improvement in second half of 2016 as new platforms ramp up, and a strong 2017 for global aerospace market . Company projects a global alumina deficit of 1.5 million metric tons for 2016 . Large commercial aircraft deliveries expected to rise 6 percent in second half of 2016 compared to first . Q2 average realized price $1,849 per metric ton of aluminum versus $2,180 per metric ton . Intends to make future announcements regarding company developments and financial performance through its website . Alcoa inc sees global production outlook for commercial transportation market at negative 4 to negative 1 percent for 2016 . Forecasts full-year 2016 large commercial; aircraft deliveries to be flat to up 3 percent, followed by "strong" double-digit growth in 2017.  Full Article

Alcoa says on track to separate in second half of 2016
Monday, 11 Jul 2016 04:03pm EDT 

Alcoa Inc : Alcoa reports second quarter 2016 results .Company on track to separate in second half of 2016.  Full Article

Fitch removes Alcoa's 'BB+' IDR from evolving watch, outlook stable
Thursday, 7 Jul 2016 01:33pm EDT 

Fitch :Fitch removes Alcoa's 'BB+' IDR from evolving watch; outlook stable.  Full Article

Alcoa opens 3D printing Metal Powder Plant
Wednesday, 6 Jul 2016 10:00am EDT 

Alcoa Inc : Alcoa opens 3D printing metal powder plant . Will produce proprietary titanium, nickel and aluminum powders optimized for 3D printing aerospace parts . Facility will form part of Arconic following separation from Alcoa's traditional commodity business in second half of 2016 .Expects to deliver first additive manufactured parts under agreement later this year.  Full Article

Moody's says Alcoa Inc's outlook remains negative following form 10 filing
Thursday, 30 Jun 2016 05:27pm EDT 

Moody's:Alcoa Inc's outlook remains negative following form 10 filing.  Full Article

Alcoa awarded multi-year, $470 mln contract with Embraer
Thursday, 30 Jun 2016 08:00am EDT 

Alcoa Inc : Alcoa awarded multi-year, $470 million contract with Embraer .Alcoa will supply aluminum sheet and plate for Embraer's new E2s.  Full Article

BRIEF-Alcoa files preliminary proxy statement

* Alcoa Inc files preliminary proxy statement related to vote on proposal to authorize co's board to effect reverse stock split of shares at ratio of 1-for-3 Source text: (http://bit.ly/2aikkGT) Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)