Metal manufacturer Alcoa (NYSE: AA), New York, NY, reported second-quarter sales of $3.6 billion, up 16 percent sequentially and 24 percent compared to the same period a year ago. Second-quarter earnings were $75 million.
The company said it incurred $15 million of costs for tariffs on imports from its foreign operations during the quarter. Alcoa’s imports were primarily from Canada, where the U.S. government’s Section 232 tariffs became effective on June 1.
Read the latest articles and see your reports.
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.
By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.
Wholesale distribution news and trends delivered right to your inbox.
Sign-up for our free newsletter and get:
