Lightweight metals manufacturer Alcoa (NYSE: AA), New York, NY, reported sales for the first quarter of $4.9 billion, down 15 percent year-over-year. Profit was $16 million, compared to $195 million a year ago. Sales were driven by a 6.7 percent increase predominantly related to acquisitions, offset by 8.3 percent revenue decline from metal and foreign exchange impacts and 0.6 percent revenue decline from divested or closed operations. The company's previously announced separation into two entities is on track to be completed in the second half of 2016. The upstream company, which will operate under the Alcoa name, will comprise five business units that today make up global primary products – bauxite, alumina, aluminum, casting and energy. The value-add company, which will operate as Arconic, will include global rolled products, engineered products and solutions, and transportation and construction solutions.