Alcoa expects mostly ‘flat’ third quarter: exec

Jul 10, 2013 | 09:53 AM | Michael Cowden

Tags  Alcoa, William Oplinger, quarterly earnings, quarterly outlook, engineered products, rolled products, aluminum, primary metal LME

CHICAGO — Alcoa Inc. expects financial results across its business units to be flat to slightly improved on a sequential basis in the third quarter, assuming no changes in metal prices or foreign exchange rates, executive vice president and chief financial officer William F. Oplinger said.

The Pittsburgh-based aluminum producer’s engineered products and solutions business should benefit from a "gradual recovery" in the North American nonresidential construction market and continued strength in the aerospace market, he said during a conference call with analysts July 8.....

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