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Record Year for Alcoa's Fastener Segment-緊固件展-2015第十六屆廣州國際緊固件及設備展覽會-巨浪展覽-The 16th China(Guangzhou)Int’l Fastener & Equipment Exhibition
1/20/2015 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Alcoa reported its Engineered Products and Solutions segment, including results from Alcoa Fastening Systems, achieved its 19th consecutive quarter of year-over-year after-tax operating income growth.
Engineered Products and Solutions segment ATOI in the fourth quarter was $165 million, down $3 million, or 2%, year-over-year, including a Firth Rixson integration impact of $12 million. Excluding the impact, ATOI was a fourth quarter record and the 19th consecutive quarter of year-over-year ATOI growth; continued productivity gains and higher volumes drove the improvement, mostly offset by cost increases and unfavorable mix. This segment reported a fourth quarter adjusted EBITDA margin of 18.9% compared to 20.3% for the same quarter last year; excluding Firth Rixson, adjusted EBITDA margin performance of 20.6 percent was a fourth quarter record.
Segment third-party aluminum shipments rose 10.7% to 62 kmt in Q4, while sales grew 11.4% to $1.57 billion.
Full-year Engineered Products segment third-party aluminum shipments increase 7.4% to 246 kmt, with sales up 4.8% to $6 billion.
During Q4 AFS announced a partnership with the Netherlands-based ThermoPlastic Composites Research Center (TPRC) to develop thermoplastic composite technologies.
“The growing role of composite structures in modern aircraft requires adapted fasteners and in certain cases fasteners that have different functions,” said Massimo Cella, Director Development Programs at AFS. “AFS believes in R&D to evolve products in harmony with new requirements. In this perspective AFS has joined TPRC and is looking forward to projects and activities to support concepts and design of future solutions.”
TPRC is a not-for-profit organization that performs research to increase the market for thermoplastic composites. Since the opening of its laboratory in 2012, TPRC has steadily grown its activities in aerospace and more recently in automotive as well.
During 2014 Alcoa stock increase 48.5% in value, according to the FIN Fastener Stock Index, with consolidated sales gaining 4% to $23.9 billion and net income of $268 million, or $0.21 per share.
Alcoa projects another strong year for global aerospace sales. The company expects 2015 global aerospace sales to increase 9 - 10% over 2014 on continued robust demand for large commercial aircraft, regional jets and jet engines.
For automotive, the Alcoa projects steady growth to continue in 2015. The company forecasts global automotive production of 2 - 4% driven by replacement demand and low lending rates in North America and both the growth of the middle class and clean air regulations in China.
緊固件展-2015第十六屆廣州國際緊固件及設備展覽會-巨浪展覽-The 16th China(Guangzhou)Int’l
Fastener & Equipment Exhibition
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