Alcoa will once again lead off earnings season, when they release their Q3 results on October 7. Alcoa is one of the leading aluminum suppliers in the world. Its products include precision castings and industrial fasteners among other things.
Alcoa stock has had the second worst performance in the Dow, for stocks that have remained in the Dow since March 2007. Among the worst performers are General Electric which dropped from $40 to 16 and Bank of America which has dropped from $53 to 13. Most of the other stocks in the Dow Jones stocks have had better results.
Alcoa Inc. (Alcoa) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. The Company’s products are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. Alcoa is a global company operating in 31 countries. Based upon the country where the point of sale occurred, the United States (U.S.) and Europe generated 52% and 27%, respectively, of Alcoa’s sales during the year ended December 31, 2009. In addition, Alcoa has investments and operating activities in Australia, Brazil, China, Iceland, Guinea, Russia, and the Kingdom of Saudi Arabia. Alcoa’s operations consist of four worldwide segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. In August 2010, the Company acquired Traco, a maker of windows and doors for the commercial building and construction market.
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