Alcoa Corp. announced today that William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate in a question-and-answer session at the Goldman Sachs Global Metals & Mining Conference in New York beginning at 9:45 a.m. Eastern Standard Time on Wednesday, November 16, 2022. The question-and-answer session will follow introductory comments by Mr. Oplinger regarding the Company's positioning and [...]
Alcoa Corp. today reported third quarter 2022 financial results that reflect lower sequential average realized prices for alumina and aluminum, coupled with higher costs for energy and key raw materials. Third Quarter Highlights Revenue of $2.85 billion Recorded a quarterly net loss of $746 million and loss per share of $4.17, which includes $652 million of restructuring charges related primarily to pension actions [...]
Alcoa Corp. today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on November 18, 2022 to stockholders of record as of the close of business on November 1, 2022. About Alcoa Corporation Alcoa is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future [...]
Alcoa Corp. today announced an additional power purchase agreement to support the future restart of the San Ciprián aluminum smelter in Spain. This latest agreement is with Endesa, a leading company in the Spanish electricity sector that is a subsidiary of the Enel Group. The agreement will provide power balancing services for the smelter load from 2024 to at least 2030. Balancing services provide electricity to the [...]
Alcoa Corp. today announced new innovations in alloy development and deployment, further strengthening its position as a supplier of advanced aluminum alloys. The Company's innovations include the introduction of a new high-strength, 6000 series alloy, A210 ExtruStrongTM, that delivers benefits across a wide range of extruded applications, including transport, construction, industrial, and consumer goods. Alcoa also [...]
Alcoa Corp. announced today that it has received certification from the Aluminium Stewardship Initiative for its Poços de Caldas operations in Brazil. All of the Company's operating locations in Brazil are now ASI certified, which brings the global number of Alcoa sites that have earned ASI's Performance Standard certification to 17. Founded in 1965, the Poços de Caldas site was Alcoa's first venture in Brazil. It [...]
Alcoa Corp. announced today that William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate in a question-and-answer session at the Morgan Stanley 10th Annual Laguna Conference in Dana Point, California beginning at 6:45 p.m. Eastern Daylight Time on Wednesday, September 14, 2022. The question-and-answer session will follow introductory comments regarding the Company's positioning and [...]
Alcoa announced today that it will curtail one third of its production capacity at its Lista smelter in Norway to mitigate high energy costs for the site. The Lista smelter has three potlines with an annual nameplate capacity of 94,000 metric tons per year. The curtailment of one potline, or approximately 31,000 metric tons, will begin immediately and is expected to be complete within 14 days. The employees will remain to [...]
A strike at Alcoa's Mosjøen smelter in Norway began today, August 22, 2022, after a collective agreement between Industri Energi and Norsk Industri was not reached by the agreed-upon deadline. The strike action is being implemented at several industrial plants that represent the Norwegian electrochemical industry. While the labor negotiations cover multiple locations, individual sites included in the strike action have [...]
Alcoa Corp. 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 [...]
Alcoa Corp. today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on August 25, 2022 to stockholders of record as of the close of business on August 9, 2022. About Alcoa Corporation Alcoa is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future [...]
Alcoa Corporation 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 [...]
