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.

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) announced today it has purchased a group annuity contract from Massachusetts Mutual Life Insurance Company (“MassMutual”) and transferred approximately $1 billion of the Company's U.S. pension plan obligations and related plan assets to MassMutual. Arconic Chief Executive Officer Tim Myers said, “We are thoughtfully moving portions of our pension obligation to MassMutual, a highly-rated, well-respected in

Arconic Reduces Gross Pension Obligation by $1 Billion with Purchase of Group Annuity Contract

PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) will hold a webcast and teleconference to discuss first quarter 2021 financial results on Tuesday, May 4, 2021 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the first quarter ended March 31, 2021, prior to the opening of the market on May 4, 2021. Interested parties are asked to dial-in at least 10 minutes before the call begins. Details of the webcast and te

Arconic to Host Webcast and Announce First Quarter 2021 Results

After the 2020 spin-off, Arconic has been solely focused on rolled aluminum products in a market that will see a rapid rise in aluminum demand. Despite rising more than 170% over the past 12 months, Arconic is still attractively priced and due to continue its rally.

Arconic: An Attractive Reopening Stock

PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) announced today that it closed its offering of an additional $300 million aggregate principal amount of the Company's 6.125% Senior Secured Second-Lien Notes due 2028 (the “Additional Notes”). The Additional Notes were sold at 106.25% of par and the Company expects net proceeds of approximately $314 million. Chief Executive Officer Tim Myers said, “We remain committed to reducing our legacy pension obligations

Arconic Announces Closing of $300 Million of Additional Notes Offering

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) announced today the pricing of its offering of an additional $300 million aggregate principal amount of the Company's 6.125% Senior Secured Second-Lien Notes due 2028 (the “Additional Notes”). The Additional Notes will be issued at an offering price of 106.25% of the principal amount thereof, plus accrued interest from February 15, 2021. The sale of the Additional Notes is expected to be completed on Marc

Arconic Announces Pricing of Additional Notes Offering

Aluminum panel maker Arconic Inc. said Wednesay it is offering an additional $300 million of its 6.125% senior secured second-lien notes that mature in 2028. Proceeds of the deal will be used for general corporate purposes, including to fund the annuitization of certain pension plan obligations, the company said in a statement.

Arconic to offer an additional $300 million of its 6.125% bonds that mature in 2028

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) announced today a proposed offering of an additional $300 million aggregate principal amount of the Company's 6.125% Senior Secured Second-Lien Notes due 2028 (the “Additional Notes”). The timing and pricing of the Additional Notes are subject to market conditions and other factors. The Company intends to use the net proceeds of the issuance of the Additional Notes for general corporate purposes, includin

Arconic Announces Proposed Additional Notes Offering

An unexpected quarterly loss causes investors to hit the exits.

Why Arconic Stock Is Down Today

Arconic Corp (ARNC) CEO Tim Myers on Q4 2020 Results - Earnings Call Transcript

Shares of Arconic (NYSE:ARNC) decreased 0.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 74.03% over the past year to $0.40, which beat the estimate of $0.32.

Arconic: Q4 Earnings Insights

Aluminum products maker Arconic Inc. said Tuesday it swung to a loss of $64 million, or 59 cents a share, in the fourth quarter, after income of $168 million, or $1.54 a share, in the year-earlier period. The number includes an after-tax charge of $108 million related to a partial annuitization of the Company's U.S. pension obligations.

Arconic swings to surprise loss as revenue edges ahead of consensus

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today reported fourth quarter 2020 and full year 2020 results. Fourth Quarter 2020 Results The Company reported revenue of $1.5 billion, up 3% from the prior quarter primarily due to growth in ground transportation and industrial product demand. Year over year, revenues were down 14% primarily reflecting weaker volumes in aerospace partially offset by growth in the industrial and packaging end markets. Th

Arconic Reports Fourth Quarter 2020 and Full Year 2020 Results

PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) will hold a webcast and teleconference to discuss fourth quarter 2020 and full year 2020 financial results on Tuesday, February 23, 2021 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the fourth quarter and full year ended December 31, 2020, prior to the opening of the market on February 23, 2021. Interested parties are asked to dial-in at least 10 minutes bef

Arconic to Host Webcast and Announce Fourth Quarter 2020 and Full Year 2020 Results

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic”) earned a spot on America's Most Responsible Companies 2021, a list compiled by Newsweek and Statista. The designation is based on an analysis of publicly available key performance indicators derived from corporate social responsibility (CSR) reports as well as an independent survey of United States residents. “We are honored to be recognized for our efforts to create a company that embraces inclusion, diversity and social

Arconic Named One of America's Most Responsible Companies by Newsweek

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic”) announced today that Austin G. Camporin will be stepping down from the Board of Directors effective December 10th. Mr. Camporin, Portfolio Manager at Elliott Management, has served on the Arconic Board and its Finance Committee since its launch as a standalone company on April 1, 2020. “We want to thank Austin for his service to the Board at such a foundational stage of the company,” said Frederick “Fritz” Henderson, Chai

Arconic Announces Austin Camporin Will Step Down from the Board

Arconic Corporation: Underestimated By Parent, Soared Through Pandemic, And Now, Armed For Excellent Growth

Arconic Corporation (ARNC) CEO Tim Myers on Q3 2020 Results - Earnings Call Transcript

Arconic Inc. shares were slightly lower in premarket trade Thursday, after the maker of aluminum products for planes and cars posted a smaller-than-expected third-quarter profit but beat revenue estimates. Arconic said it had net income of $5 million, or 5 cents a share, in the quarter, after a loss of $24 million, or 22 cents a share, in the year-earlier period.

Arconic swings to profit as sales beat estimates

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today announced third quarter 2020 results, with reported revenue of $1.4 billion, up 19% from the prior quarter due to strength in automotive end-market volumes which recovered fully from the second quarter and exceeded third quarter 2019 levels. Year over year, revenues were down 22% reflecting weaker volumes across all end markets other than automotive primarily due to the impact of the pandemic. The C

Arconic Reports Third Quarter 2020 Results

PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) will hold a webcast and teleconference to discuss third quarter 2020 financial results on Thursday, November 5, 2020 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the third quarter ended September 30, 2020, prior to the opening of the market on November 5, 2020. Interested parties are asked to dial-in at least 10 minutes before the call begins. Details of the

Arconic to Host Webcast and Announce Third Quarter 2020 Results

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Arconic Corp. ARNC, -0.74% said Thursday it restored the salaries and 401K match for all of its U.S.

Arconic restores salaries and 401K match for all U.S. salaried employees, including execs

Arconic is a company that produces various value-added products from raw aluminum, with widespread pessimism of the airline industry affecting the stock.

Arconic: The End Of The Tunnel

Arconic Corporation (ARNC) CEO Tim Myers on Q2 2020 Results - Earnings Call Transcript

Arconic Corp. ARNC, +5.95% swung to a wider-than-expected loss in the second quarter and revenue missed estimates, as the coronavirus pandemic hurt the car, aerospace, industrial and construction markets that it serves.

News for Arconic Stock (ARNC)