Alain Belda
Alain Belda
Alain J. P. Beldais an American businessman that has been a Managing Director of Warburg Pincus since 2009. Previously he was the Chairman of the Board of Alcoa from January 2001; he was Chief Executive Officer from January 2001 until May 2008...
achieved cost despite energy favorable higher last metal offset prices results savings solid undertaken
Despite significantly higher energy prices which offset more favorable metal prices, we achieved solid cost savings results from the restructuring undertaken over the last two years...,
higher operating prices quarter resulted strongest
The combination of operating efficiencies and higher prices resulted in the strongest quarter Alcoa has ever had,
depressed extremely fourth lower metal overall proven quarter result weak
The fourth quarter has proven to be extremely challenging as a result of lower volumes, depressed metal prices, and overall weak downstream markets.
company future mortgage
I will not mortgage the future of the company.
earnings eighth improved percent quarter second
Earnings were up 6 percent from the first quarter, making the second quarter of 2000 Alcoa's eighth consecutive quarter of improved earnings,
effects great last quarter throughout year
It was a great quarter by any measure. We did not have significant one-time effects as we did throughout the year last year.
benefit building consumer continue cost energy expect fourth higher looking markets packaging recent reduction relief softness strength
Looking to the fourth quarter, we expect to continue to benefit from recent acquisitions, our cost reduction program, and the seasonal strength of our packaging and consumer business, ... However, we also expect the softness to continue in the construction, transportation, building and distribution markets and see no relief from the higher energy prices.
cost gas global increase industrial longer markets remained savings scope weakness
Global manufacturing weakness has persisted longer than we anticipated, ... In particular, aerospace, industrial gas turbine and telecommunication markets remained soft, reinforcing the need to increase the scope of our cost savings and restructuring initiatives.
continue current economic half improving second trends
If economic trends solidify, we should continue to see improving profitability over the second half of the year, even at current aluminum prices,
capture demand last strategic
As demand for aluminum strengthens, we will capture the efficiencies generated by last year's strategic restructuring of our operations,
became below continued decline earnings fall likely markets third
However, as these markets continued to decline in the third quarter, it became likely that even with our efforts, third-quarter earnings will probably fall below the 2000 second-quarter level.
benefit consumer continued current expects forward fourth move packaging program recent strength
As we move forward to the fourth quarter, Alcoa expects to benefit from the current strength in aluminum prices, the continued integration of our recent acquisitions, the cost-reduction program and the seasonal strength of our packaging and consumer business,
achieved despite energy execution higher increasing performance rapid record result softness
Despite increasing softness in the construction, transportation, building, and distribution markets, as well as significantly higher energy prices, Alcoa achieved record performance as a result of rapid integration of new acquisitions and execution of its cost-cutting initiative,
expanding globally increases investment products venture
This venture deepens our investment in expanding our flat-rolled products capabilities globally and increases our manufacturing flexibility and productivity.