Alcoa Inc (NYSE:AA) shares were up 3.26% on Monday to $10.14 and an additional 3.65% to $10.51 in after-hours trading. The company has a market cap of $14.02 billion at 1.32 billion shares outstanding. Shares have been trading in a 52-week range of $6.14 to $11.50.

Alcoa Inc is a company that is engaged in lightweight metals engineering and manufacturing. It operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. Its products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, oil and gas, and industrial applications.

In its latest earnings report, Alcoa Inc showed earnings per share of $0.15, higher than the consensus estimate of $0.10. Revenue for the quarter came in at $5.3 billion versus the consensus estimate of $5.2 billion, also representing a 1% year-over-year increase.

The rise in revenue was spurred by a 5% revenue increase related to acquisitions, mostly offset by a 4% decline predominately from metal price impacts. Engineered products and solutions showed a record 15% year-over-year increase to $1.5 billion.

Meanwhile, after-tax operating income rose 3% year-over-year to $294 million, buoyed by $68 million in after-tax operating income for global rolled products, a record 17% increase in automotive sheet shipments, a 9% year-over-year gain in after-tax operating income of $180 million for engineered products and solutions, and a 5% increase in transportation and construction solutions’ after-tax operating income to $46 million.

In its earnings conference call, Alcoa Inc also shared that it signed a multi-year contract with Embraer valued at approximately $470 million. The company also opened a state-of-the-art, 3D printing metal powder production facility to develop and produce proprietary titanium, nickel and aluminum powders. It was also able to make $176 million in productivity savings on target to deliver $650 million in 2016.

Management is projecting stronger performance for the latter half of the year, forecasting full-year 2016 deliveries to be flat to up 3%, followed by strong double-digit growth in 2017.

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