HUTCHINSON, Kan. — The earnings reports for companies with ties to Hutchinson and Reno County continue on Tuesday when Arconic releases its third quarter report. The aluminum components maker hopes to continue its rebound from the Boeing shut down and the pandemic in the third quarter.
The company showed second quarter earnings before a major pension pay in of $187 million.Sales totaled $1.8 billion which is an increase of 52% from 2020 when the pandemic and a shutdown of the Boeing 737 Max production lines left the company at a near standstill. Transportation was still soft for the company the past three months, but higher aluminum prices and growth in the industrial and packaging end markets helped boost the company’s bottom line.
The Hutchinson Arconic facility does finishing work for aluminum material, mostly for the aerospace industry.
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