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Alcoa Corp

AA.N

Latest Trade

10.97USD

Change

0.02(+0.18%)

Volume

1,300,415

Today's Range

10.88

 - 

11.68

52 Week Range

5.17

 - 

24.61

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

Latest Developments

Adbri Says Alcoa Of Australia To Not Renew Lime Supply Contract With Unit

July 3 (Reuters) - Adbri <ABC.AX>::UNIT INFORMED BY ALCOA OF AUSTRALIA THAT IT HAS ELECTED NOT TO RENEW LIME SUPPLY CONTRACT EXPIRING 30 JUNE 2021.CONTRACT CONSTITUTES ABOUT $70 MILLION IN ANNUAL REVENUE FOR GROUP.NON-RENEWAL IS NOT EXPECTED TO MATERIALLY IMPACT REVENUE UNTIL POST JUNE 2021.NOT POSSIBLE TO QUANTIFY FULL FINANCIAL IMPACT OF NON-RENEWAL BY ALCOA AT THIS STAGE.

Alcoa Corporation Reports Q1 Earnings Per Share $0.43

April 22 (Reuters) - Alcoa Corp <AA.N>::ORATION REPORTS FIRST QUARTER 2020 RESULTS.Q1 ADJUSTED LOSS PER SHARE $0.23 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $0.43.Q1 REVENUE $2.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.35 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.25 -- REFINITIV IBES DATA.CONTINUING TO PURSUE SALE OF NON-CORE ASSETS.ANNOUNCING CURTAILMENT OF REMAINING 230,000 METRIC TONS OF UNCOMPETITIVE SMELTING CAPACITY AT INTALCO SMELTER.REDUCING $100 MILLION OF NON-CRITICAL CAPITAL EXPENDITURES.ALCOA - ALL OF ALCOA'S BAUXITE MINES, ALUMINA REFINERIES, ALUMINUM SMELTERS, CASTHOUSES, ENERGY ASSETS AND ITS ROLLING MILL REMAIN OPERATIONAL.DEFERRING $220 MILLION IN PENSION CONTRIBUTIONS IN UNITED STATES UNDER PROVISIONS CARES ACT.IMPLEMENTING HIRING, TRAVEL AND OTHER SPENDING RESTRICTIONS TARGETED TO SAVE OR DEFER APPROXIMATELY $35 MILLION IN 2020.CONTINUING TO PURSUE SALE OF NON-CORE ASSETS.WILL REDUCE ANNUAL OVERHEAD EXPENSE BY $60 MILLION BEGINNING IN Q2 OF 2020.PLANNING CASH INITIATIVES TO DELIVER $700 MILLION IN 2020 THROUGH SAVINGS OR DEFERRALS.WILL RECORD ESTIMATED RESTRUCTURING CHARGES OF APPROXIMATELY $25 MILLION (PRE- AND AFTER-TAX), OR $0.13 PER SHARE, IN Q2 OF 2020."WE ARE TAKING DECISIVE ACTIONS" TO ADDRESS COVID-19 CRISI.INTALCO EMPLOYS APPROXIMATELY 700 PEOPLE, AND WORKFORCE WILL BE SIGNIFICANTLY REDUCED DUE TO CURTAILMENT..ANNOUNCING NEW ACTIONS TO EFFECTIVELY MANAGE CASH THROUGH ECONOMIC UNCERTAINTY FROM PANDEMIC.

Alcoa Says CEO Roy Harvey's FY 2019 Total Compensation Was About $13.0 Mln - SEC Filing

March 19 (Reuters) - Alcoa Corp <AA.N>::ALCOA CORP SAYS CEO ROY HARVEY'S FY 2019 TOTAL COMPENSATION WAS ABOUT $13.0 MILLION VERSUS $13.2 MILLION IN FY 2018 - SEC FILING.ALCOA CORP SAYS FOR 2019, CEO PAY RATIO IS 129:1.

PG&E Appoints Industrial Safety Expert Francisco Benavides As Chief Safety Officer

Feb 7 (Reuters) - PG&E Corp <PCG.N>::PG&E APPOINTS INDUSTRIAL SAFETY EXPERT FRANCISCO BENAVIDES AS CHIEF SAFETY OFFICER.PG&E CORP - APPOINTMENT OF FRANCISCO BENAVIDES TO POSITION OF VICE PRESIDENT AND CHIEF SAFETY OFFICER..PG&E CORP - BENAVIDES JOINS PG&E FROM ALCOA CORPORATION.PG&E CORP - BENAVIDES' ROLE IS EFFECTIVE MARCH 9, 2020.

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.

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

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