Tuesday 13. January 2009
Alcoa Reports 4th Quarter 2008 Results
Loss From Continuing Operations of $929 million, or $1.16 per share, Including $708 Million, or $0.88 per share, of Restructuring, Impairment and Special Charges; Cash From Operations in 4th Quarter $608 Million; Historic 56% Price Decline in Last Five Months and Sharp Drop in Orders Impact Quarter; Workforce Reduced by 15,000; Salary and Hiring Freeze Extensive Restructuring, Production Cuts, Divestitures to Address Downturn Impact Results; Company Liquidity Remains Solid