Arconic

Arconic Corp. engages in manufacturing of aluminum sheet, plate, extrusions and architectural products. It operates through the following business segments: Rolled Products, Extrusions, and Building and Construction Systems. The Rolled Products segment engages in the production of finished goods ranging from airframes and automotive body panels to industrial plate and brazing sheet. The Extrusions segment produces a range of extruded products, including aerospace shapes automotive shapes, seamless tube, hollows, mortar fins and high strength rod and bar. The Building and Construction Systems segment manufactures differentiated products and building envelope solutions, including entrances, curtain walls, windows, composite panel and coil coated sheet. The company was founded on August 14, 2019 and is headquartered in Pittsburgh, PA.

Earnings data Q2 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Arconic produces aluminum sheets, plates, extrusions, and architectural products for the ground transportation, aerospace, building and construction, industrial, and packaging industries. Rolled Products, Extrusions, and Building and Construction Systems (BCS) are the company's operating segments. The Rolled Products segment generates the majority of its revenue, which is used in the production of finished goods ranging from automotive body panels and airframes to industrial plate and brazing sheets.

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (“Arconic” or the “Company”) announced today that its Vice President of Finance and Treasurer, Marcelo Morgueta, has accepted the position of Executive Vice President and Chief Financial Officer of Arconic. Incoming Chief Executive Officer of Arconic Chris Ayers, said, “I am very pleased to welcome Marcelo to our executive leadership team. Our global finance group will benefit from Marcelo's historical knowledge of the Company and deep background.

Arconic Names Marcelo Morgueta Chief Financial Officer

Apollo Global Management

Apollo Global Management Inc.'s APO, +0.76% Arconic Corp. said late Friday it had named Chris Ayers as its new chief executive and board chairman, effective Sept. 11. Ayers has served on the industrial company's board for seven years and held several executive positions in “key businesses” within Alcoa, the company's predecessor, before this board role, Arconic said.

Apollo names Chris Ayers new Arconic CEO

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE:ARNC) (“Arconic” or the “Company”) announced today that Chris Ayers will become Chief Executive Officer and Chair of the Board of Arconic, effective September 11, 2023. Ayers has served on Arconic's Board of Directors for the past seven years and held several executive positions in key businesses within the Company's predecessor, Alcoa, prior to his board role. Current Arconic CEO Tim Myers will continue to serve in an advisory capacity as.

Arconic Names Chris Ayers CEO and Chairman of the Board

Chesapeake Energy

Mercury Systems

NEW YORK , Aug. 16, 2023 /PRNewswire/ -- Chesapeake Energy Corp. (NASD:CHK) will replace Mercury Systems Inc. (NASD: MRCY) in the S&P MidCap 400, and Mercury Systems will replace Arconic Corp. (NYSE: ARNC) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, August 21. Apollo Global Management Inc. (NYSE:APO) is acquiring Arconic in a deal that is expected to close soon, pending final closing conditions.

Chesapeake Energy Set to Join S&P MidCap 400

Arconic (ARNC) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.62 per share a year ago.

Arconic (ARNC) Tops Q2 Earnings Estimates

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) today reported second quarter 2023 results. Sales were $2.0 billion, down 22% year over year due to lower aluminum prices and the divestiture of Russian Operations and up 1% organically driven by strength in aerospace and ground transportation offset by declines in industrial, packaging, and building and construction. The Company reported net income of $59 million, or $0.58 per share, compared with $114 m.

Arconic Reports Second Quarter 2023 Results

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that its shareholders have voted at a special meeting of Arconic shareholders (the "Special Meeting") to approve the Company's pending acquisition by funds managed by affiliates of Apollo (NYSE: APO) including a minority investment from funds managed by affiliates of Irenic Capital Management. Under the terms of the merger agreement, Arconic shareholders will receive $30.00 per share in ca.

Arconic Shareholders Approve Acquisition by Apollo Funds

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Arconic Corporation (NYSE: ARNC) to affiliates of Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, shareholders of Arconic will receive $30.00 in cash for each share of Arconic that they own. KSF is seeking to determine whether this consideration and the process that led.

ARCONIC INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Arconic Corporation - ARNC

PITTSBURGH--(BUSINESS WIRE)--Leading aluminum sheet, plate, extrusions, and architectural products manufacturer Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced the details of its 2030 Sustainability Goals along with a campaign that will highlight the Company's commitment and progress toward its sustainability agenda. In four key areas – Planet, People, Products, and Process – Arconic is targeting to achieve the following results by 2030 compared to a base year of 2021: 3.

Arconic Presents 2030 Sustainability Goals, Launches REAL Commitment Campaign, and Publishes 2022 Sustainability Report

Rumors about Arconic going private have been making the rounds for a long time. The aluminum sheet and parts maker confirmed a deal this week.

Why Arconic Stock Zoomed This Week

LOS ANGELES--(BUSINESS WIRE)---- $ARNC #ARNC--The Schall Law Firm Announces it is Investigating Claims Against Arconic Corporation and Encourages Investors with Losses to Contact the Firm.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Arconic Corporation and Encourages Investors with Losses to Contact the Firm

NEW YORK , May 4, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Arconic Corporation (NYSE: ARNC) and its board of directors concerning the proposed acquisition of the company by Apollo Global Management, Inc. (NYSE: APO). Stockholders will receive $30.00 for each share of Arconic stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Arconic Corporation

MILWAUKEE , May 4, 2023 /PRNewswire/ -- Ademi LLP is investigating Arconic (NYSE: ARNC) for possible breaches of fiduciary duty and other violations of law in its transaction with Apollo.  Click here to learn how to join the action https://www.ademilaw.com/case/arconic-corporation or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Arconic Corporation has obtained a Fair Price in its transaction with Apollo

Arconic said Thursday it has agreed to be taken private by Apollo Global Management for $5.2 billion, debt included. The offer price is a premium of 36% to Arconic's price when word of a potential deal first leaked.

Why Arconic Stock Is Soaring Today

Apollo Global Management (NYSE:APO) has announced that it will acquire aluminum-products company Arconic Corp for roughly $3 billion, marking another move by the private-equity giant to expand its industrial holdings. Arconic's stock soared by 28% on Thursday morning in New York to $28.77, following the announcement of the acquisition.

Apollo Global to buy aluminum products firm Arconic for $3B

Arconic (ARNC) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.39 per share a year ago.

Arconic (ARNC) Q1 Earnings and Revenues Surpass Estimates

Arconic (NYSE: ARNC ) stock is on the rise Thursday following news that the company is being acquired by Apollo Global Management (NYSE: APO ). Apollo Global Management intends to use cash to fuel its $5.2 billion acquisition of Arconic.

Why Is Arconic (ARNC) Stock Up 28% Today?

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Arconic Corporation (NYSE: ARNC) to affiliates of Apollo Global Management, Inc. for $30.00 per share in cash is fair to Arconic shareholders. Halper Sadeh encourages Arconic shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation conc.

ARNC STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Arconic Corporation Is Fair to Shareholders

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) today reported first quarter 2023 results. Sales were $1.9 billion, down 12% year over year and up 6% organically due to strength in aerospace, packaging, and ground transportation sales partially offset by weak industrial sales. The Company reported net income of $25 million, or $0.24 per share, compared with $42 million, or $0.39 per share, in first quarter 2022. First quarter 2023 Adjusted EBITDA was $.

Arconic Reports First Quarter 2023 Results

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”), in an all-cash transaction that values the Company at an enterprise value of approximately $5.2 billion. The transaction includes a minority investment from funds managed by affiliates of Irenic Capital Management (“Irenic”). The agreement.

Arconic to Be Acquired by Apollo Funds

Private-equity firm Apollo Global Management Inc. is close to a deal to acquire aerospace parts company Arconic Corp., the Wall Street Journal reported late Wednesday.

Apollo nears deal to buy Arconic, valuing company at about $3 billion: report

The firms are set to pay $30 a share, or about $3 billion, for the industrial-parts manufacturer, according to people familiar with the matter.

Apollo Global-Led Group Nears Deal to Buy Arconic

PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) will hold a webcast and teleconference to discuss first quarter 2023 financial results on Thursday, May 4, 2023 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the first quarter ended March 31, 2023, prior to the opening of the market on May 4, 2023. A live webcast of the call will be available on the “Investor Relations” page of the Company's website under “Ev.

Arconic to Host Webcast and Announce First Quarter 2023 Results

Arconic has recently attracted acquisition interests from a number of private equity firms, including Apollo Global Management, Carlyle Group, and Lone Star Funds. Meanwhile, activist investor Sachem Head has accumulated a position and is pushing for the company's sale.

Arconic: Company Sale Is Likely

The aluminum parts maker looks like a potential takeover target.

News for Arconic Stock (ARNC)