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Form 8-K · Current Report · Filed 2024-07-17

Alcoa Announces Second Quarter 2024 Financial Results

Alcoa Corporation reported a significant sequential increase in revenue, net income, and adjusted net income for the second quarter 2024, driven by higher alumina and aluminum prices.

Filer
Alcoa Corporation AA · NYSE
Filed
Accession
0000950170-24-084275
CIK
0001675149
Signal
Medium impactBasic Materials

Details

The company also provided updates on the expected acquisition of Alumina Limited and other operational milestones.

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat General Statement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$38.66

Next session

-7.8%

Since filing

+17.1%

Latest close

$45.26

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from AA reporting the same item, with the next session's move:

Exhibits (1)

About Alcoa Corporation

Alcoa Corporation is a premier global producer of aluminum, a key metal used extensively across various industries such as automotive, aerospace, construction, and packaging. Alcoa’s operations encompass the production of bauxite, mining, refining alumina, and the smelting and processing of aluminum products. Headquartered in Pittsburgh, Pennsylvania, Alcoa is known for its comprehensive supply chain management within the industry, contributing to its efficiency and competitive edge. The company holds a significant role in advancing sustainable practices in metal production, targeting reduced carbon emissions and increased recycling efforts. Innovations by Alcoa in aluminum solutions have made it pivotal in lightweighting applications, particularly in automotive and aerospace sectors, where reducing weight enhances fuel efficiency and performance. As one of the world's largest and most recognized aluminum companies, Alcoa Corporation contributes to global manufacturing capabilities, making it an integral player in both the primary and fabricated aluminum markets.

Exchange NYSE Industry Aluminum Company website ↗

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