Arconic’s fastening segment grows while overall revenues rise 9%
Arconic, owner of the Huck, Kaynar and Screwcorp brands, saw rises in revenue and net income in Q3 2018. Revenues hit $3.5 billion, up 9% year-on-year or 7% in terms of organic revenue. Net income, excluding special items, hit $161 million, compared with $119 million in Q3 2017. Operating income, excluding special items, was up […]
Arconic posts first results post-business separation
Revenue was largely flat across Q4 and full year (2016) for Arconic, year-on-year. Q4 revenue hit $3billion ($3bn Q4 2015) and the numbers were similarly static for the full year at $12.4 billion in 2016 and 2015. The quarter results were Arconic’s first since its separation of the business, with the move affecting the numbers significantly. […]
Alcoa’s business split to go live by 2016 end
Alcoa is separating to create a globally-focused cost competitive ‘Upstream’ company and an innovation and tech-driven ‘Value-Add’ company. The lightweight metal specialist predicts the move will be complete in the second half of 2016. The Alcoa Upstream Corporation will be renamed Alcoa Corporation and, as you might expect, will hold the Upstream side of the […]