EXTENDS CASH FLOW AND EARNINGS MOMENTUM TO SECOND QUARTER
from continuing operations of $1.18 per common share compared to $1.21
year earlier and $1.60 in the first
earnings of $1.62 per common share compared to $1.48 a year earlier
$1.67 in the first quarter;
flow from operating activities in continuing operations of $738 million
compared to $771 million a year earlier and $582 million in the first
as a percentage of invested capital of 30% at the end of the second
quarter compared to 33% at the end of the first
CANADA - July 31, 2007
Inc. today reported operating earnings of $1.62 per common share in the second
quarter of 2007 compared to $1.48 a year ago and $1.67 in the first quarter.
are the second highest quarterly operating earnings in Alcan’s history, an
achievement which reflects the ongoing commitment and focus of our dedicated
employees”, said Dick Evans, President and CEO. “Our strong performance in
relation to operating earnings, cash flow generation and debt reduction is
particularly noteworthy given the headwinds faced throughout the quarter from
foreign exchange and energy costs. As we look ahead to our combination with
Tinto, we will continue to focus on execution and managing for value as well
aggressively building on our excellent pipeline of growth projects,” he
aluminum industry level, extremely strong Chinese demand growth should underpin
ongoing favourable conditions. We continue to expect our financial results
reflect not only these favourable industry conditions, but also Alcan’s very
strong competitive position,” he concluded.
amounts in this press release are expressed in US dollars unless otherwise
stated. This press release includes a number of measures for which no meaning
prescribed by generally accepted accounting principles (GAAP). Refer to the
section “Definitions” for an explanation of these measures.
The following information was filed by Alcan Inc on Tuesday, July 31, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Alcan Inc's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed, and by Alcan Inc.
CIK: 4285 Form Type:10-Q Quarterly Report Accession Number: 0000004285-07-000037 Submitted to the SEC: Fri Nov 09 2007 11:50:12 AM EST Accepted by the SEC: Fri Nov 09 2007 Period: Sunday, September 30, 2007 Industry: Primary Smelting And Refining Of Nonferrous Metals