Alcoa Reports Improved Q1 2026 Financial Results with Higher Aluminum Prices

Details

Net income attributable to Alcoa Corporation increased to $425 million, or $1.60 per share, while adjusted net income was $373 million, or $1.40 per share. The company also reported an adjusted EBITDA excluding special items of $595 million. Notable events include the safe completion of the San Ciprián smelter restart and the notice to redeem the remaining $219 million of outstanding 6.125% notes due in 2028. The company ended the quarter with a cash balance of $1.4 billion.

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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.