Alcoa

Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company’ global bauxite mining operations. The Alumina segment includes the company’s worldwide refining system, which processes bauxite into alumina. The Aluminum segment combines smelting and casting operations to produce primary aluminum. The smelting operations produce molten primary aluminum, which is then formed by the casting operations into either foundry ingot or into value-add ingot products, including billet, rod, and slab. The company was founded by Charles Martin Hall on July 9, 1886 and is headquartered in Pittsburgh, PA.

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Alcoa reports Q4 loss, focuses on safety and market challenges

Alcoa faced a net loss in Q4 2022 but returned capital to stockholders and simplified its reporting structure for 2023.
The company highlighted safety, operational highlights, and strategic restarts while addressing market challenges.
Confidence in new leadership appointments and a positive outlook on aluminum demand and market opportunities.
Challenges in cost structures, energy prices, and bauxite quality require effective solutions for sustainable growth.

Alcoa reports improved Q1 earnings, focuses on sustainability and operational challenges

Alcoa's Q1 2023 Earnings Call highlighted improved financial performance, strategic initiatives towards sustainability, and operational challenges in capacity restarts and market dynamics. The company remains focused on responsible mining practices, innovation in low-carbon products, and addressing challenges in the alumina and aluminum markets. Alcoa's progress in financial metrics, operational updates, and long-term strategies underscore its commitment to sustainable growth and market leadership.

Alcoa reports revenue growth and cost challenges amid market uncertainties

Alcoa's Q2 performance showed revenue growth and improved net loss, but faced challenges from cost pressures and market uncertainties.
The company is leveraging strengths like new contracts, demand for low-carbon products, and cost-saving initiatives to navigate the current environment.
Opportunities lie in operational improvements, market influence efforts, and balanced global markets for aluminum and alumina.

Alcoa reports Q3 loss, eyes aluminum demand rebound in 2024

Alcoa's Q3 performance showed a net loss but highlighted operational achievements and strategic focus.
The company is addressing challenges while aiming to capitalize on opportunities in the aluminum market.
Strategic initiatives focus on cost control, operational improvements, and long-term growth strategies.
Analysts and investors are closely monitoring Alcoa's progress and future outlook.

Alcoa reports stable Q4 revenue, eyes EBITDA growth opportunities

Alcoa's financials showed mixed results in Q4 2023, with revenue flat but improved EBITDA.
The company faces challenges with cash preservation at San Ciprian and cost reduction efforts.
Opportunities lie in production expectations for 2024 and doubling EBITDA in the next 2 years.
Alcoa's focus on safety, production records, and low-carbon solutions are key strengths.

Alcoa to acquire Alumina Limited, reports stable Q1 performance

Alcoa's Q1 performance showed stable revenue, improved safety, and operational achievements, with a focus on cost savings and shareholder value enhancement.
The company faces challenges in asset sales, cash flow management, technology implementation timelines, and achieving profitability targets.
Opportunities lie in the pending acquisition, market outlook, operational progress, and potential cost benefits, driving optimism for Alcoa's future.
Overall, Alcoa remains resilient amidst challenges, leveraging strengths in market conditions and strategic initiatives to navigate the industry landscape.

Alcoa reports strong Q2 earnings, poised for growth amid market strength

Alcoa's Q2 2024 earnings call highlighted robust financial results, strategic acquisitions, operational excellence, and positive market outlook. While challenges in managing expenses and addressing analyst inquiries exist, the company is well-positioned to capitalize on market strength and drive future growth through ongoing initiatives.

Alcoa reports strong Q3 performance, eyes growth amid market opportunities

Alcoa's Q3 showed strength in operational performance and strategic actions, though challenges in the Aluminum segment persisted. The company is capitalizing on opportunities in the alumina market and profitability improvement programs. With a positive market environment and strategic updates, Alcoa is poised for growth.

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Alcoa Corp. engages in the mining of bauxite. The firm is also involved in the upstream aluminum industry. It operates through the Alumina and Aluminum segments. The Alumina segment consists of a refining system, including the mining of bauxite, which is then refined into alumina, a compound of aluminum and oxygen that is the raw material used by smelters to produce aluminum metal. The Aluminum segment is composed of smelting and casthouse system, as well as energy assets in Brazil, Canada, and the United States. The company was founded by Charles Martin Hall on July 9, 1886 and is headquartered in Pittsburgh, PA.

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced the purchase of group annuity contracts that will facilitate the transfer of approximately $1 billion of pension obligations and assets associated with defined benefit pension plans for certain United States retirees and beneficiaries. The transfer, which will be complete later this month, further enhances Alcoa's strong balance sheet, reduces the risk from volatility in pension plan obligations, and continues to meet com

Alcoa Purchases Group Annuity Contracts for Certain U.S. Pension Plans

Global aluminum and materials products maker Alcoa (NYSE: AA) stock has fallen (-19%) for 2022. Inflationary pressures have cut into margins.

Electric Vehicles Can Drive Alcoa Stock Higher

Shares of Alcoa (NYSE: AA) are down nearly 50% from their high and they move lower but we don't think they will go much lower. While aluminum prices are down sharply from their recent high the outlook for demand is expansionary.

Alcoa Is Well-Positioned For 2022 and 2023

Alcoa Corp. ( AA , Financial) saw its stock surge by more than 6% after the market closed on Wednesday after the company beat its second-quarter earnings per share estimate by 18 cents and announced a stock buyback plan worth $500 million.

Alcoa's Aluminum Stronghold Propels Earnings

Alcoa Corporation (NYSE:AA ) Q2 2022 Earnings Conference Call July 20, 2022 5:00 PM ET Company Participants James Dwyer – Vice President of Investor Relations Roy Harvey – President and Chief Executive Officer William Oplinger – Executive Vice President and Chief Financial Officer Conference Call Participants Timna Tanners – Wolfe Research Carlos De Alba – Morgan Stanley Emily Chieng – Goldman Sachs David Gagliano – BMO Capital Markets Curt Woodworth – Credit Suisse Lucas Pipes – B. Riley Securities Michael Dudas – Vertical Research John Tumazos – John Tumazos Independent Research Operator Good afternoon and welcome to the Alcoa Corporation Second Quarter 2022 Earnings Presentation and Conference Call.

Alcoa Corporation's (AA) CEO Roy Harvey on Q2 2022 Results - Earnings Call Transcript

Alcoa (AA) delivered earnings and revenue surprises of 2.69% and 4.33%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Alcoa (AA) Beats Q2 Earnings and Revenue Estimates

Alcoa Corp. AA, +0.36% stock rallied more than 6% in the extended session Wednesday after the aluminum and alumina producer reported second-quarter earnings above Wall Street expectations and said it had a "strong" first half of the year. Alcoa said it earned $549 million, or $2.95 a share, in the quarter, compared with $309 million, or $1.63 a share, in the year-ago period.

Alcoa stock jumps 6% after Q2 beats views

Alcoa Corp (NYSE: AA) reported second-quarter revenue growth of 28.6% year-over-year to $3.64 billion, beating the consensus of $3.56 billion. Adjusted EPS improved to $2.67, beating the consensus of $2.45.

Alcoa Shares Surge On Solid Q2 Results

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today reported second quarter 2022 financial results that included an 11 percent sequential increase in revenue and strong cash flow that enabled stock buybacks and the payment of cash dividends. Second Quarter Highlights Revenue increased sequentially to $3.6 billion, primarily due to improved shipments and higher pricing Net income increased sequentially to $549 million, or $2.95 per share Adjusted net income of $496 million, or $2.67

2Q22: Alcoa Posts Strong Financial Results, Provides Returns to Stockholders

Alcoa (AA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Alcoa (AA) Reports Next Week: Wall Street Expects Earnings Growth

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AZZ's fiscal first-quarter 2023 earnings beat estimates. AZZ gains from improved segment results and anticipates strong performance in the fiscal second quarter.

AZZ Q1 Earnings Beat Estimates and Revenues Increase Y/Y

Higher raw material and energy costs might have hurt Alcoa's (AA) Q2 performance. However, increased shipments and pricing are likely to have aided the same.

Will Raw Material Cost Inflation Mar Alcoa's (AA) Q2 Earnings?

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced that construction will soon begin on a project to increase the casting capabilities at its Deschambault smelter in Canada to include standard ingots. The new casting equipment will be constructed in an existing building, with the project fully complete in the first quarter of 2023. The output from the approximately $8 million return-seeking capital investment will complement the site's two existing vertical casting pits,

Alcoa Increases Casting Capability in North America With Investment in Canada

Shares of Alcoa Corp. AA, -3.31% slumped 3.5% toward a seven-month low in afternoon trading Friday, after the aluminum producer said it will immediately start curtailing one of three smelting lines that are operating at its Warrick Operations facility in Indiana, citing "operational challenges." The company said the one line, which has an annual capacity of approximately 54,000 metric tons, is expected to be fully curtailed by the end of the day.

Alcoa's stock slumps as 'operational challenges' leads to partial curtailment of Indiana facility

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation announced today that it will begin the process to immediately curtail one of three operating smelting lines at its Warrick Operations facility in Indiana due to operational challenges. Each of the three smelting lines at Warrick have approximately 54,000 metric tons per year (mtpy) of annual capacity. The one potline is expected to be fully curtailed by the end of the day on Friday, July 1, 2022. Alcoa Warrick Operations has a total nameplate capac

Alcoa Announces Partial Curtailment at Warrick Smelter in Indiana

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PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced it has amended and restated its existing Revolving Credit Facility into a $1.25 billion revolving credit facility (the “Facility”) with improved terms, including the addition of sustainability-linked metrics. The agreement for the Facility continues to be between Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, and a syndicate of banks. Alcoa has not drawn on the Facility, which has been in pl

Alcoa gains improved terms with amended and restated Revolving Credit Facility

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When every rally attempt fails, like the two we have seen this week, market veterans know that it is likely that the path of least resistance for the stock market is lower, at least in the meantime.

5 Sizzling Goldman Sachs Conviction List Stocks to Buy Now With 100% or More Upside Potential

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation plans to announce its second quarter 2022 financial results on Wednesday, July 20, 2022 after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's Twitter handle @Alcoa at www.twitter.com/Alcoa. A conference call to discuss the financial results will

Alcoa Schedules Second Quarter 2022 Earnings Release and Conference Call

African Gold Group Inc announced that it has completed its name change to Toubani Resources Inc to better reflect its strategic focus on the development of the Kobada gold project in southern Mali. Its shares began trading on the TSX Venture Exchange under a new ticker symbol 'TRE' at the opening of trading on June 15, 2022.

African Gold announces name change to Toubani Resources

The shares of Alcoa (NYSE: AA) - a leading producer of aluminum products and alumina - remain down by about 19% year-to-date and are off by around 49% from highs seen in March.

With Aluminum Prices On The Decline, What Next For Alcoa?

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced a $51 million project to increase the production capacity at its Mosjøen smelter in Norway by 14,000 metric tons per year (mtpy). Alcoa's Mosjøen location currently has a nameplate capacity of 200,000 mtpy, and the investment is expected to increase that capacity to 214,000 mtpy by the end of 2026. Amperage to the site's two potlines will be increased via improved electrical infrastructure, including the installation of n

Alcoa Announces Investment to Boost Production at Mosjøen Smelter in Norway

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A lot of fear in the market right now. Meanwhile, Alcoa carries a strong balance sheet and is making robust free cash flow. Alcoa's recent conference call notes that Q2 EBITDA will be lower than the first quarter.

Alcoa: Slowing Economy Is Priced In, 6x Free Cash Flow

Alcoa is facing a tough market, affected by inflationary pressures and the associated interest rate increases. The company has made good steps in controlling their production cost and is transitioning rapidly into "greener" aluminum products.

News for Alcoa Stock (AA)