ARNC earnings

First Quarter 2023 Highlights Sales of $1.9 billion, down 12% year over year, up 6% organically, up 6% from prior quarter on a comparable basis excluding Russian Operations Net income of $25 million, or $0.24 per share, compared with $42 million, or $0.39 per share, in first quarter 2022 Adjusted EBITDA of $157 million, up 8% from prior quarter on a comparable basis excluding Russian Operations 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

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 provides that Arconic shareholders will receive $30.00 per share in cash, which represents a premium of approximately 36% to the Company's undisturbed closing stock price on February 27, 2023. Upon completion of the transaction,

Fourth Quarter 2022 Highlights Sales of $1.9 billion, down 9% year over year, up 2% organically Net loss of $273 million, or $2.70 per share, compared with net loss of $38 million, or $0.36 per share, in fourth quarter 2021. Fourth quarter 2022 includes a $304 million after-tax loss related to the sale of the Company's Russian operations Adjusted EBITDA of $154 million; Adjusted EBITDA excluding Russian Operations of $145 million, down 5% year over year on a comparable basis Repurchased approximately 2.1 million shares at a cost of $46 million Sale of Russian operations closed on November 15, 2022 Full Year 2022 Highlights Sales of $9.0 billion, up 19% year over year, up 10% o

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. In addition, the Company's previous 2022 Adjusted EBITDA outlook, which included a full year of operating activity for the divested business, will be reduced by an estimated $9 million. Conference Call Information The Company will hold a webcast and teleconference to discuss fourth quarter 2022 and full year 2022 financial results on Tuesday, February 21, 2023 at 1

Third Quarter 2022 Highlights Sales of $2.3 billion, up 21% year over year, down 11% from prior quarter Net loss of $65 million, or $0.64 per share, compared with net income of $16 million, or $0.15 per share, in 3Q 2021. Third quarter 2022 includes an after-tax, non-cash asset impairment charge of $70 million related to the Extrusions segment business review Adjusted EBITDA of $143 million, down 16% year over year Cash provided from operations of $91 million Arconic Corporation (NYSE:ARNC) ("Arconic" or "the Company") today reported third quarter 2022 results. Revenue was $2.3 billion, down 11% from the prior quarter, primarily due to sequential declines in metal prices and lower

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 have reduced production from planned operating rates. Additionally, hyperinflationary energy costs are driving increased cost pressures and declining demand in Europe, which are expected to have an increasingly negative impact on

Second Quarter 2022 Highlights Sales of $2.5 billion, up 41% year over year, up 16% from prior quarter Net income of $114 million, or $1.05 per share, compared with a net loss of $427 million, or $3.89 per share, in second quarter 2021 Adjusted EBITDA of $204 million, up 9% year over year Cash provided from operations of $162 million 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.

Arconic Corp. (NYSE:ARNC) ("Arconic" or "the Company") will hold a webcast and teleconference to discuss second quarter 2022 financial results on Tuesday, August 2, 2022 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the second quarter ended June 30, 2022, prior to the opening of the market on August 2, 2022. Interested parties are asked to dial-in at least 10 minutes before the call begins. Details of the webcast and teleconference follow. Conference Call Information: Day: August 2, 2022 Time: 10:00 a.m. ET Call: (833) 634-5023   +1(412) 902-4221 (International)   Ask to join the Arconic Corpor

First Quarter 2022 Highlights Sales of $2.2 billion, up 31% year over year, up 2% from prior quarter Net income of $42 million, or $0.39 per share, compared with $52 million, or $0.46 per share, in 1Q 2021 Adjusted EBITDA of $205 million, up 15% year over year, and up 17% from prior quarter, best for Arconic Corporation since separation Raising 2022 revenue and Adjusted EBITDA guidance Arconic Corporation (NYSE:ARNC) ("Arconic" or "the Company") today reported first quarter 2022 results. Revenue was $2.2 billion, up 2% from the prior quarter, primarily due to higher aluminum prices, ongoing recovery in aerospace, and the ramp up of packaging sales in the United States, partially o

Arconic Corp. (NYSE:ARNC) ("Arconic" or "the Company") will hold a webcast and teleconference to discuss first quarter 2022 financial results on Tuesday, May 3, 2022 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the first quarter ended March 31, 2022, prior to the opening of the market on May 3, 2022. Interested parties are asked to dial-in at least 10 minutes before the call begins. Details of the webcast and teleconference follow. Conference Call Information: Day: May 3, 2022 Time: 10:00 a.m. ET Call: (833) 614-1535 +1(520) 809-9937 (International) Conference ID: 4386692 Webcast: Available on the Investor

Fourth Quarter 2021 Highlights Sales of $2.1 billion, up 46% year over year, up 13% from prior quarter Net loss of $38 million, or $0.36 per share, compared with net loss of $64 million, or $0.59 per share, in fourth quarter 2020. Fourth quarter 2021 includes an after-tax non-cash goodwill impairment charge of $65 million Adjusted EBITDA of $175 million, up 16% year over year and up 2% from prior quarter Repurchased approximately 1.8 million shares at a cost of approximately $55 million Full Year 2021 Highlights Sales of $7.5 billion, up 32% year over year Net loss of $397 million, or $3.65 per share, compared with net loss of $109 million, or $1.00 per share, in 2020. Full-ye

Arconic Corp. (NYSE:ARNC) ("Arconic" or "the Company") will hold a webcast and teleconference to discuss fourth quarter 2021 and full year 2021 financial results on Friday, February 18, 2022 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, 2021, prior to the opening of the market on February 18, 2022. Interested parties are asked to dial-in at least 10 minutes before the call begins. Details of the webcast and teleconference follow. Conference Call Information: Day: February 18, 2022 Time:   10:00 a.m. ET Call:   (833) 614-1535     +1(520) 809-9937

Third Quarter 2021 Highlights Sales of $1.9 billion, up 34% year over year, and up 5% from prior quarter Net income of $16 million, or $0.15 per share, compared with $5 million, or $0.05 per share, in third quarter 2020 Adjusted EBITDA of $171 million, up 4% year over year, and down 9% from prior quarter Repurchased nearly 3 million shares at a cost of approximately $97 million for year-to-date repurchases of $106 million toward $300 million authorization Arconic Corporation (NYSE:ARNC) ("Arconic" or "the Company") today reported third quarter 2021 results. Revenue was $1.9 billion, up 5% from the prior quarter, primarily due to higher aluminum prices and the start of packaging sa

Arconic Corp. (NYSE:ARNC) ("Arconic" or "the Company") will hold a webcast and teleconference to discuss third quarter 2021 financial results on Tuesday, November 2, 2021 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the third quarter ended September 30, 2021, prior to the opening of the market on November 2, 2021. Interested parties are asked to dial-in at least 10 minutes before the call begins. Details of the webcast and teleconference follow. Conference Call Information: Day:   November 2, 2021 Time:   10:00 a.m. ET Call:   (833) 614-1535     +1(520) 809-9937 (International)     Conference ID: 2674839

Second Quarter 2021 Highlights Sales of $1.8 billion, up 52% year over year, and up 8% from prior quarter Net loss of $427 million, or $3.89 per share, compared with net loss of $96 million, or $0.88 per share, in second quarter 2020. Second quarter 2021 includes an after-tax charge of $423 million related to a partial annuitization of U.S. pension obligations Adjusted EBITDA of $187 million, up 89% year over year, and up 4% from prior quarter. Adjusted EBITDA margin of 10.4% Repurchased nearly 250,000 shares for approximately $9 million Completed $1 billion partial annuitization of U.S. pension obligations Strong financial profile creating a range of return-generating capital a

Arconic Corp. (NYSE:ARNC) ("Arconic" or "the Company") will hold a webcast and teleconference to discuss second quarter 2021 financial results on Tuesday, August 3, 2021 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the second quarter ended June 30, 2021, prior to the opening of the market on August 3, 2021. Interested parties are asked to dial-in at least 10 minutes before the call begins. Details of the webcast and teleconference follow. Conference Call Information: Day: August 3, 2021 Time: 10:00 a.m. ET Call: (833) 614-1535 +1(520) 809-9937 (International) Conference ID: 2740106 Webcast: Av