Alcoa ends 2010 with strong fourth-quarter results

Fourth-quarter 2010 highlights

• Income from continuing operations of $258m, or $0.24 per share, highest since 3Q08. Includes a net benefit from special items of $35m, or $0.03 per share.
• Net income of $258m, or $0.24 per share.
• All-time record cash from operations of $1.4bn.
• Record fourth-quarter free cash flow of $1.0bn.
• Adjusted Ebitda improves to $782m, 13.8% margin.
• Revenue of $5.7bn, up 7% from third quarter and 4% from year-ago quarter.
• Projecting global aluminium growth rate of 12% for 2011.

“We exceeded all of our targets and continued to build momentum,” said Klaus Kleinfeld, Alcoa chairman and CEO. “We delivered all-time record cash from operations, record fourth-quarter free cash flow, improved earnings, grew revenue and paid down debt.”

Source: Alcoa

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