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

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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.

The Wall Street Journal reported Tuesday afternoon that Arconic is in talks to be acquired by private-equity firm Apollo Global Management.

Arconic Stock Surges on Takeout Talk. A Deal Price Is Up in the Air.

Apollo Global Management

Shares of Arconic Corp. ARNC rocketed 21.6% toward a 5 1/2-month high in afternoon trading Tuesday, after The Wall Street Journal reported that private-equity firm Apollo Global Management Inc. is in talks to buy the aerospace parts company. Apollo's stock APO gained 0.8%.

Arconic stock soars after WSJ report of buyout talks with Apollo Global Management

The aerospace-parts maker is also seeking other offers, sources say.

Apollo in Talks to Acquire Arconic

The Arconic Corporation divestment of Arconic SMZ in Russia weighed on the Q4 performance while improving the company's operating leverage position. On the upside, Arconic prospects in North America remain resilient; on the downside, EU macro weakness could restrain the recovery of the end markets.

Arconic: Unrolling Growth Prospects

Arconic Corporation (NYSE:ARNC ) Q4 2022 Earnings Conference Call February 21, 2023 10:00 AM ET Company Participants Shane Rourke - Director of Investor Relations Timothy Myers - Chief Executive Officer Erick Asmussen - Executive Vice President and Chief Financial Officer Conference Call Participants Timna Tanners - Wolfe Research Curt Woodworth - Crédit Suisse Corinne Blanchard - Deutsche Bank Emily Chieng - Goldman Sachs Operator Good day, and welcome to the Arconic Corporation Q4 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Arconic Corporation (ARNC) Q4 2022 Earnings Call Transcript

Arconic (ARNC) delivered earnings and revenue surprises of 24% and 1.71%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Arconic (ARNC) Q4 Earnings Beat Estimates

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today reported fourth quarter 2022 and full year 2022 results. Fourth Quarter 2022 Results The Company reported revenue of $1.9 billion, down 9% year over year and up 2% organically due to growth in the aerospace, packaging, building and construction, and ground transportation end markets. The Company reported a net loss of $273 million, or $2.

Arconic Reports Fourth Quarter 2022 and Full Year 2022 Results

Arconic (ARNC) 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.

Arconic (ARNC) Reports Next Week: What Awaits?

PITTSBURGH--(BUSINESS WIRE)--As previously announced, Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) completed the sale of 100% of its Russian operations on November 15, 2022. As a result of the divestiture, and consistent with the sale announcement, the Company recorded a $304 million after-tax loss on the sale in the fourth quarter of 2022.

Arconic Reports $304 Million After-Tax Loss on Sale of Russian Operations and Announces Fourth Quarter 2022 and Full Year 2022 Results Webcast

High energy prices and limited supply chains make European capital-intensive businesses less competitive. I expect that Arconic Corporation will be able to take advantage of secular tailwinds to free up more cash flows out of production outlays.

Arconic Is Positioned Right To Drive Future Expansion

PITTSBURGH--( BUSINESS WIRE )--Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that its Board of Directors approved a two-year share repurchase program authorizing the repurchase of up to $200 million of common stock.

Arconic Announces $200 Million Share Repurchase Authorization

PITTSBURGH--( BUSINESS WIRE )--Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that the Company completed the sale of 100% of its Russian operations to Promishlennie Investitsii LLC, the majority owner of VSMPO-AVISMA Corporation, for cash proceeds of $230 million.

Arconic Completes Sale of Russian Operations

Arconic Corporation (NYSE:ARNC ) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET Company Participants Shane Rourke - Director, Investor Relations Tim Myers - Chief Executive Officer Erick Asmussen - Executive Vice President and Chief Financial Officer Conference Call Participants Timna Tanners - Wolfe Research Corinne Blanchard - Deutsche Bank Operator Thank you for standing by and welcome to the Arconic Corporation Third Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, today's program is being recorded.

Arconic Corporation (ARNC) Q3 2022 Earnings Call Transcript

Shares of Arconic Corp. ARNC, +0.14% were indicated down more than 1% in premarket trading Tuesday, after the aluminum company swung to a third-quarter net loss while sales topped expectations, but lowered its full-year outlook. The company lost $65 million, or 64 cents a share, in the quarter to Sept.

Arconic stock set to fall after sales beat but profit apparently missed, and outlook was lowered

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today reported third quarter 2022 results.

Arconic Reports Third Quarter 2022 Results

PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) will hold a webcast and teleconference to discuss third quarter 2022 financial results on Tuesday, November 1, 2022 at 10 a.m.

Arconic to Host Webcast and Announce Third Quarter 2022 Results

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) has appointed Ellis A. Jones, Vice President and Chief Sustainability Officer of The Goodyear Tire & Rubber Company, to Arconic's Board of Directors, effective October 10, 2022. Mr. Jones will also serve on the Governance and Nominating Committee of the Board. Mr. Jones has served as Vice President and Chief Sustainability Officer of The Goodyear Tire & Rubber Company since October 2021, and curre

Arconic Corporation Appoints New Director to Its Board, Enhances Sustainability Focus

Arconic is a very interesting stock flying under the radar. This producer of aluminum products suffered from high prices earlier this year. Now it is set to see slower demand as economic growth slows down.

Why Arconic Might Double

Macroeconomic headwinds will weigh on 2022 results.

Why Arconic Stock Is Falling Today

Arconic Corp. ARNC, -3.12% shares fell in after-hours trading Wednesday after executives trimmed the aluminum company's annual outlook due to production issues and European energy costs. The stock declined 8% in the extended session after executives reduced their annual revenue forecast to a range of $9.2 billion to $9.5 billion, after previously stating $9.6 billion to $10 billion, and said yearly adjusted Ebitda would be $715 million to $765 million, down from an earlier range of $820 million to $870 million.

Arconic stock falls after annual forecast chopped

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today provided preliminary operating results for the third quarter 2022 and updates to its outlook for the full-year 2022. Preliminary Third Quarter Results and Revised Outlook Third quarter 2022 Adjusted EBITDA is expected to be in the range of $135 million to $150 million. The third quarter results will be impacted by production outages and other operational challenges in Tennessee and Davenport that ha

Arconic Provides Preliminary Third Quarter Operating Results and Updated Full-Year Outlook

Arconic Corp (NYSE:ARNC ) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants Shane Rourke - Director, IR Timothy Myers - CEO & Director Erick Asmussen - EVP & CFO Conference Call Participants Timna Tanners - Wolfe Research Joshua Sullivan - The Benchmark Company Corinne Blanchard - Deutsche Bank Emily Chieng - Goldman Sachs Group Operator Good day, and welcome to the Arconic Corporation Second Quarter 2022 Earnings Conference Call. [Operator Instructions].

Arconic Corp (ARNC) CEO Timothy Myers on Q2 2022 Results - Earnings Call Transcript

Arconic (ARNC) delivered earnings and revenue surprises of -13.89% and 0.54%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Arconic (ARNC) Misses Q2 Earnings and Revenue Estimates

Arconic Corp. ARNC, +0.70% said Tuesday it had net income of $114 million, or $1.05 a share, in the second quarter, after a loss of $427 million, or $3.89 a share, in the year-earlier period. Sales climbed 41% to $2.5 billion.

Arconic tops Q2 estimates but stock falls on soft guidance

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today reported second quarter 2022 results. Revenue was $2.5 billion, up 16% from the prior quarter, primarily due to the ramp up of packaging sales in the United States, growth in ground transportation and building and construction sales, ongoing recovery in aerospace, and aluminum prices. The Company reported net income of $114 million, or $1.05 per share, compared with a net loss of $427 million, or $3

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