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Alcoa Corp

AA.N

Latest Trade

17.64USD

Change

-0.14(-0.79%)

Volume

921,166

Today's Range

17.57

 - 

18.24

52 Week Range

16.46

 - 

31.45

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Alcoa Reports Q4 Adj Loss Per Share Of $0.31

Jan 15 (Reuters) - Alcoa Corp <AA.N>::ORATION REPORTS FOURTH QUARTER AND FULL-YEAR 2019 RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.31 EXCLUDING ITEMS.Q4 LOSS PER SHARE $1.63.Q4 REVENUE $2.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.47 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.22 -- REFINITIV IBES DATA.IN 2020, COMPANY PROJECTS TOTAL BAUXITE SHIPMENTS TO RANGE BETWEEN 48.0 AND 49.0 MILLION DRY METRIC TONS.IN 2020, TOTAL ALUMINA SHIPMENTS ARE EXPECTED TO BE BETWEEN 13.6 AND 13.7 MILLION METRIC TONS.IN 2020, ALUMINUM SEGMENT IS EXPECTED TO SHIP BETWEEN 3.0 AND 3.1 MILLION METRIC TONS.ALCOA - FOR 2020, PROJECTS GLOBAL ALUMINUM SURPLUS RANGING BETWEEN 600 THOUSAND TO 1 MILLION METRIC TONS WITH GLOBAL DEMAND GROWTH IN RANGE OF 1.4% TO 2.4%.IN Q1 OF 2020, EXPECTS LOWER QUARTERLY RESULTS IN BAUXITE SEGMENT PRIMARILY DUE TO LOWER PRICING AND SEASONALLY LOWER VOLUMES.IN 2020, EXPECTS BALANCED ALUMINA MARKET RANGING BETWEEN NEGATIVE 100 THOUSAND METRIC TONS TO POSITIVE 700 THOUSAND METRIC TONS.COMPARED TO 2019, BAUXITE MARKET IS PROJECTED TO BE IN A SMALLER SURPLUS IN 2020.INVENTORIES AT QUARTER-END WERE $1,644 MILLION.ALCOA - "WHILE MARKET IN ALUMINA & ALUMINUM CHALLENGED US, WE MAINTAINED A STRONG CASH BALANCE OF NEARLY $900 MILLION AND DROVE OPERATIONAL STABILITY".IN Q1, IN ALUMINUM SEGMENT, COMPANY EXPECTS PERFORMANCE TO BE FLAT.QTRLY ALUMINA PRODUCTION 3,373 KMT VERSUS 3,297 KMT REPORTED LAST YEAR.

Alcoa Announces Agreement To Sell Gum Springs Facility In $250 Mln Transaction

Jan 2 (Reuters) - Alcoa Corp <AA.N>::PRESS RELEASE - ALCOA ANNOUNCES AGREEMENT TO SELL GUM SPRINGS FACILITY IN $250 MILLION TRANSACTION.ALCOA CORP - TRANSACTION INCLUDES MULTI-YEAR AGREEMENT TO CONTINUE PROCESSING SPENT POT LINING FOR N.AMERICAN SMELTER INDUSTRY FOR CO.ALCOA - TO SELL ITS GUM SPRINGS, ARKANSAS WASTE TREATMENT FACILITY, TO VEOLIA ES TECHNICAL SOLUTIONS.

USW Sues Alcoa To Retain Retiree Life Insurance Benefits

Dec 19 (Reuters) - The United Steelworkers (USW)::USW SUES ALCOA TO RETAIN RETIREE LIFE INSURANCE BENEFITS.USW-FILED LAWSUIT IN SOUTHERN DISTRICT OF INDIANA TO PROTEST ALCOA USA'S TERMINATING LIFE INSURANCE BENEFITS FOR ABOUT 8,900 UNION-REPRESENTED RETIREES.USW - IS ALSO STUDYING OTHER ANNOUNCEMENTS THAT ALCOA USA MADE REGARDING HEALTH CARE BENEFITS FOR CERTAIN RETIREES EFFECTIVE IN 2021.

Alumina Ltd And Alcoa Approved Closing Alumina Refinery In Point Comfort, Texas

Dec 17 (Reuters) - Alumina Limited <AWC.AX> ::ALUMINA LIMITED AND ALCOA CORPORATION HAVE APPROVED CLOSING ALUMINA REFINERY IN POINT COMFORT, TEXAS.CO EXEPECTS $104 MILLION IN RESTRUCTURING-RELATED CHARGES AFTER TAX FOR 2019 Q4.

Point Comfort Refinery In Texas To Permanently Close

Dec 16 (Reuters) - Alcoa Corp <AA.N>::POINT COMFORT REFINERY IN TEXAS TO PERMANENTLY CLOSE.POINT COMFORT REFINERY IN TEXAS TO PERMANENTLY CLOSE.ALCOA CORP - ALCOA WILL RECORD RESTRUCTURING CHARGES IN Q4 2019 OF APPROXIMATELY $175 MILLION DUE TO POINT COMFORT REFINERY CLOSURE.ALCOA CORP - POINT COMFORT'S CURRENT EMPLOYMENT OF APPROXIMATELY 45 WILL BE REDUCED AS PART OF CLOSURE.ALCOA - BEGINNING IN 2020, POINT COMFORT CLOSURE EXPECTED TO RESULT IN ANNUAL NET INCOME IMPROVEMENT OF ABOUT $15 MILLION & CASH SAVINGS OF ABOUT $10 MILLION.ALCOA - ALCOA'S SHARE OF RELATED CASH OUTLAYS IS ABOUT $115 MILLION DUE TO POINT COMFORT CLOSURE WITH MAJORITY TO BE SPENT IN NEXT 5 YEARS.

Alcoa Announces Additional Actions On Pension And Other Postemployment Benefits In United States

Dec 4 (Reuters) - Alcoa Corp <AA.N>::ALCOA ANNOUNCES ADDITIONAL ACTIONS ON PENSION AND OTHER POSTEMPLOYMENT BENEFITS (OPEB) IN THE UNITED STATES.ALCOA - WILL REDUCE CO'S PENSION AND OPEB LIABILITIES BY ABOUT $190 MILLION, BEFORE REMEASUREMENTS FOR AFFECTED PLANS, IN Q4 2019.ALCOA CORP - COMPANY WILL RECORD A NON-CASH SETTLEMENT CHARGE OF APPROXIMATELY $75 MILLION (PRE- AND AFTER-TAX), OR $0.40 PER SHARE, IN Q4 OF 2019.ALCOA CORP - INTENDS TO MAKE TWO CHANGES TO RETIREE BENEFIT PLANS THAT WILL AFFECT OPEB LIABILITY ASSOCIATED WITH SPECIFIC U.S. RETIREES.ALCOA - EFFECTIVE JAN 1, 2021, ALCOA WILL TRANSITION SPECIFIC RETIREES TO A MEDICARE EXCHANGE PLAN WITH A COMPANY-PROVIDED CONTRIBUTION.ALCOA CORP - LIFE INSURANCE COVERAGE FOR CERTAIN RETIREES WILL END EFFECTIVE DECEMBER 31, 2019.ALCOA - ANNUAL OPEB EXPENSE IS EXPECTED TO DECREASE BY ABOUT $18 MILLION BEGINNING IN 2020.ALCOA - CO WILL PROVIDE A ONE-TIME, DISCRETIONARY CASH PAYMENT TOTALING APPROXIMATELY $15 MILLION TO THOSE AFFECTED BY ENDING OF LIFE INSURANCE COVERAGE.ALCOA - OPEB CASH PAYMENTS WILL DECREASE BY APPROXIMATELY $4 MILLION IN 2020 AND BY APPROXIMATELY $14 MILLION ANNUALLY, BEGINNING IN 2021.

Alcoa Reports Q3 Adj Loss Per Share Of $0.44

Oct 16 (Reuters) - Alcoa Corp <AA.N>::ORATION REPORTS THIRD QUARTER 2019 RESULTS.Q3 ADJUSTED LOSS PER SHARE $0.44 EXCLUDING ITEMS.Q3 LOSS PER SHARE $1.19.Q3 REVENUE $2.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.59 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $-0.32 -- REFINITIV IBES DATA.REVIEW OF SMELTING, REFINING CAPACITY AND POTENTIAL ASSET SALES.GLOBAL ALUMINUM MARKET REMAINS IN DEFICIT; DEMAND GROWTH SLOWING.ANNOUNCED NON-CORE ASSET SALES EXPECTED TO GENERATE AN ESTIMATED $500 MILLION TO $1 BILLION."ANNOUNCED A MULTI-YEAR PORTFOLIO REVIEW TO DRIVE LOWER COSTS AND SUSTAINABLE PROFITABILITY.".OVER NEXT FIVE YEARS, ALCOA PLANS TO REALIGN ITS OPERATING PORTFOLIO.PLACED UNDER REVIEW 1.5 MILLION METRIC TONS OF SMELTING CAPACITY AND 4 MILLION METRIC TONS OF ALUMINA REFINING CAPACITY.WHILE MARKET & PRICING CHALLENGES PERSISTED THROUGH QUARTER, CASH BALANCE REMAINED STEADY.REVIEW WILL CONSIDER OPPORTUNITIES FOR SIGNIFICANT IMPROVEMENT, POTENTIAL CURTAILMENTS, CLOSURES OR DIVESTITURES..ANTICIPATES THAT UP TO 85 PERCENT OF ITS SMELTING PORTFOLIO WILL BE POWERED BY RENEWABLE ENERGY.INVENTORIES AT QUARTER-END WAS $1,649 MILLION.2019 SHIPMENT OUTLOOK FOR BAUXITE, ALUMINA & ALUMINUM REMAINS UNCHANGED FROM PRIOR FULL-YEAR ESTIMATES.ALCOA - OVER NEXT 12 TO 18 MONTHS, ALCOA INTENDS TO PURSUE NON-CORE ASSET SALES EXPECTED TO GENERATE AN ESTIMATED $500 MILLION TO $1 BILLION IN NET PROCEEDS.QTRLY ALUMINA PRODUCTION 3,380 KMT VERSUS 3,160 KMT LAST YEAR.

Alcoa Corp Says Has Recorded A $37 Mln Restructuring Charge For Q3 2019

Oct 7 (Reuters) - Alcoa Corp <AA.N>::ALCOA CORP - FOR Q3 2019, COMPANY HAS RECORDED A $37 MILLION RESTRUCTURING CHARGE FOR EMPLOYEE TERMINATION AND SEVERANCE COSTS.ALCOA SAYS ANTICIPATES THAT MAJORITY OF $37 MILLION OF COSTS WILL BE PAID IN CASH IN Q4 2019, WITH REMAINDER PAID IN Q1 2020 - SEC FILING.ALCOA -EXPECTS TO REALIZE ABOUT $60 MILLION OF ASSOCIATED ANNUAL OPERATING COST SAVINGS BEGINNING Q2 2020 AFTER IMPLEMENTATION OF NEW OPERATING MODEL.

United Steelworkers At Five Alcoa U.S. Locations Ratify New Labor Agreement

Sept 20 (Reuters) - Alcoa Corp <AA.N>::UNITED STEELWORKERS AT FIVE ALCOA U.S. LOCATIONS RATIFY NEW LABOR AGREEMENT.ALCOA - MEMBERS OF USW RATIFIED A NEW LABOR AGREEMENT, COVERING ABOUT 1,700 ACTIVE EMPLOYEES AT FIVE U.S. LOCATIONS.ALCOA CORP - EXPECTS ADDITIONAL OPERATING EXPENSES ONLY IN Q3 OF 2019 OF APPROXIMATELY $10 MILLION RELATED TO RATIFICATION OF AGREEMENT.ALCOA CORP - CO AND UNION LEADERSHIP TENTATIVELY AGREED ON AUGUST 30 TO TERMS OF FOUR-YEAR CONTRACT.ALCOA CORP - USW ANNOUNCED OUTCOME OF THAT VOTE ON THURSDAY, SEPT. 19.

United Steelworkers Says Members Ratify New 4-Year Contract With Alcoa

Sept 19 (Reuters) - United Steelworkers : :UNITED STEELWORKERS - UNITED STEELWORKERS (USW) MEMBERS RATIFY NEW 4-YEAR CONTRACT WITH ALCOA.UNITED STEELWORKERS - CONTRACT WITH ALCOA INCLUDES ANNUAL WAGE INCREASES OF MORE THAN 12% OVER TERM OF AGREEMENT.UNITED STEELWORKERS - NEW FOUR-YEAR AGREEMENT COVERS ABOUT 1,600 PRODUCTION AND MAINTENANCE WORKERS AT FIVE ALCOA FACILITIES IN UNITED STATES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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