Alcoa, the first out of the gate with second-quarter earnings, delivered a beat on both earnings and revenue.

The company remains optimistic that global demand for aluminum will grow 7 percent this year, driven largely by demand from the aerospace and commercial transportation sectors. The aerospace sector is important to Hutchinson, because Alcoa does the finishing work on aluminum products for Boeing, Spirit and other plane manufacturers.

For the second quarter, Alcoa posted a net loss of $119 million, or 11 cents per share, wider than the loss of $2 million, or break-even per share, a year earlier.