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 leading finance functions with a sharp focus on creating value for all stakeholders. I look forward to working with him to advance our long-term strategic goals." Morgueta has extensive expertise in corporate finance, financ

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's Lead Outside Director of the Board. "Having been actively involved in this Company both as a board member for several years and in leading businesses from an operational standpoint prior to that, I have witnessed the

Arconic Corporation ("Arconic" or the "Company") and Apollo (NYSE:APO) today announced that Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from funds managed by affiliates of Irenic Capital Management ("Irenic"). The Company will continue to operate under the Arconic name and brand. Tim Myers, Arconic Chief Executive Officer, said, "The closing of this transaction with Apollo Funds brings new perspective combined with deep industry expertise that will benefit our customers, employees, investors, and the communities where we operate. With them by our side, we will build on our position as a leading supplier of aluminum

Wolfe Research downgraded Arconic from Outperform to Peer Perform

Goldman downgraded Arconic from Neutral to Sell and set a new price target of $21.00 from $23.00 previously

Deutsche Bank downgraded Arconic from Buy to Hold and set a new price target of $22.00 from $23.00 previously

4 - Arconic Corp (0001790982) (Issuer)

4 - Arconic Corp (0001790982) (Issuer)

4 - Arconic Corp (0001790982) (Issuer)

15-12G - Arconic Corp (0001790982) (Filer)

EFFECT - Arconic Corp (0001790982) (Filer)

25-NSE - Arconic Corp (0001790982) (Subject)

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 currently chairs the Sustainability Council and the EHS Council at Goodyear. Mr. Jones' career at Goodyear spans more than 33 years. Since 2003, he has held various leadership positions, including vice president of environmental, health, safe

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

SC 13G/A - Arconic Corp (0001790982) (Subject)

SC 13G/A - Arconic Corp (0001790982) (Subject)

SC 13G/A - Arconic Corp (0001790982) (Subject)