AA Alcoa Earnings Stock Halted News Pending

Date:1/10/2011

AA Alcoa Earnings Stock Halted News Pending Alcoa Kicks Off Earnings, Beats StreetAlcoa Ends 2010 with Strong Fourth Quarter Results

Earnings Rise on Growing Revenue, Record Cash Performance4Q 2010 Highlights

Income from continuing operations of $258 million, or $0.24 per share, highest since 3Q08; includes a net benefit from special items of $35 million, or $0.03 per shareNet income of $258 million, or $0.24 per shareAll-time record cash from operations of $1.4 billion

Record fourth-quarter free cash flow of $1.0 billionAdjusted

EBITDA improves to $782 million, 13.8 percent marginRevenue of $5.7 billion, up 7 percent from third quarter and 4 percent from year-ago quarterProjecting global aluminum growth rate of 12 percent for 2011

2010 Full-Year Highlights

Exceeded all Cash Sustainability Program targetsRevenue of $21.0 billion compared to $18.4 billion in 2009, up 14 percentIncome from continuing operations of $262 million, or $0.25 per share, includes a negative impact from special items of $297 million, or $0.29 per share

Cash from operations of $2.3 billion, compared to $1.4 billion in 2009Free cash flow of $1.2 billion, a $1.5 billion improvement over 2009Debt reduced, cash on hand of $1.5 billionDebt-to-capital ratio reduced to 34.8 percent, 390 basis point improvement over 2009

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