Alcoa Earnings Review: Higher Aluminum Prices And Productivity Improvements Boost Q1 Results

The company reported strong year-over-year growth in quarterly profits. Excluding one-time costs, net income stood at $363 million in Q1 2015, as compared to $98 million in the corresponding period last year. One-time charges, totaling $168 million in Q1 2015, primarily consist of non-cash charges pertaining to restructuring activities undertaken by the company during the quarter. These include the sale of a rolling mill in Russia and the completion of the closure of the company?s Sao Luis smelt...