Monday, July 9, 2012

Update on Alcoa's End-Market 2012 Guidance ...

Alcoa (AA) made some changes to its 2012 end-market Y/Y growth projections. 

  • Upped growth estimate in the automotive space in North America to 10% - 14%, from 7% - 12%. 
  • North American heavy trucks & trailers lowered to 4% - 8%, from 7% - 12%.
  • Beverage can packaging market in North America was upped slightly to basically no growth from an initial projection of a decline.
  • 5% sales decline projection for the commercial building and construction market in North America was maintained.
  • No adjustments were made to projections for Europe.
  • The lowered projection within the heavy trucks & trailers market to a decline between 3% and 8%, from growth between 0% and 5%, was the only change made for China.
  • Upped outlook on global production within the automotive market by 1% on the low and high end of initial outlook range provided in Q1; lowered its global production estimate of heavy trucks & trailers to (3%) - 1% from 1% - 5%. 

The stock is up 4c in AH. 

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