Alcoa Earnings Reports

Alcoa posted a significant turnaround in Q1 2025, achieving strong revenue and net income gains due to favorable market conditions for aluminum and a focus on operational excellence.

Alcoa reported a strong fourth quarter in 2024, with revenue increasing by 20% sequentially to $3.5 billion and net income increasing by 124% sequentially to $202 million, or $0.76 per common share. Adjusted net income increased 104% sequentially to $276 million, or $1.04 per common share. Adjusted EBITDA excluding special items increased 49% sequentially to $677 million.

Alcoa reported a net income of $90 million, or $0.38 per common share, and an adjusted net income of $135 million, or $0.57 per common share. Adjusted EBITDA excluding special items increased sequentially to $455 million. The company completed the acquisition of Alumina Limited and announced the sale of its interest in the Ma’aden joint ventures.

Alcoa reported a revenue of $2.9 billion and a net income of $20 million for Q2 2024. The company saw sequential increases in revenue, net income, and adjusted EBITDA, driven by higher alumina and aluminum prices and progress on profitability improvement programs. The acquisition of Alumina Limited is expected to close on or about August 1, 2024.

Alcoa Corporation reported a net loss attributable to Alcoa Corporation of $252 million, or $1.41 per share, for the first quarter of 2024. The company's revenue remained consistent with the prior quarter at $2,599 million. Alcoa is also progressing with its acquisition of Alumina Limited and implementing productivity and competitiveness programs.

Alcoa Corporation reported fourth quarter 2023 revenue of $2.595 billion and a net loss attributable to Alcoa Corporation of $150 million, or $0.84 per share. Adjusted net loss was $100 million, or $0.56 per share. The company ended the quarter with a cash balance of $944 million and free cash flow of $10 million.

Alcoa Corporation reported a net loss of $168 million for Q3 2023, with revenue of $2.60 billion. The company saw increased third-party shipments of alumina and aluminum. Alumina production increased, and the company achieved multiple production records across the Canadian smelting system.

Alcoa Corporation reported second quarter 2023 results, which included higher sequential revenue as increased shipments outweighed lower average realized pricing. The company generated revenue of $2.68 billion and posted a net loss attributable to Alcoa of $102 million, or $0.57 per share. Adjusted EBITDA excluding special items was $137 million, and the company finished the quarter with a cash balance of $1.0 billion.

Alcoa Corporation reported first quarter 2023 results with a revenue of $2.7 billion. The company saw sequential improvements in net loss and adjusted EBITDA. They finished the quarter with a cash balance of $1.1 billion.

Alcoa Corporation reported a net loss of $374 million, or $2.12 per share, on revenue of $2.7 billion for the fourth quarter of 2022. The results were influenced by lower aluminum and alumina prices and higher costs for raw materials and energy.

Alcoa reported a challenging third quarter with a net loss of $746 million, primarily due to lower alumina and aluminum prices, higher energy and raw material costs, and restructuring charges. Despite these challenges, Alcoa maintained a strong balance sheet and returned cash to stockholders.

Alcoa's Q2 2022 results showcased an 11% sequential increase in revenue, reaching $3.6 billion. Net income rose to $549 million, with adjusted net income at $496 million. Strong cash flow facilitated significant stock buybacks and dividend payments, reflecting a commitment to returning value to stockholders.

Alcoa reported first quarter 2022 financial results that included quarterly records for net income, adjusted net income and Adjusted EBITDA excluding special items. Net income increased sequentially to $469 million, or $2.49 per share. Adjusted net income increased 21 percent sequentially to $577 million, or $3.06 per share. Adjusted EBITDA excluding special items increased 20 percent sequentially to $1,072 million.

Alcoa Corporation's fourth quarter results were driven by higher alumina and aluminum prices, leading to a 7% sequential increase in revenue to $3.3 billion. The company faced a net loss of $392 million, or $(2.11) per share, due to restructuring charges, but adjusted net income increased to $475 million, or $2.50 per share.

Alcoa's Q3 2021 results showcased record profitability with a net income of $337 million and EPS of $1.76, driven by strong aluminum and alumina prices. The company grew revenue to $3.1 billion, a 10% sequential increase, and generated $435 million in cash from operations.

Alcoa Corporation reported record quarterly net income of $309 million and earnings per share of $1.63, marking the highest profitability since the company's inception in 2016. The results were driven by strong aluminum pricing, improved customer demand, and strategic actions to strengthen the balance sheet.

Alcoa Corporation reported strong first quarter 2021 results with revenue and income reaching their highest levels since 2018. The company benefited from improvements in alumina and aluminum pricing, strong operational performance, and strategic execution. Alcoa also completed the sale of the Warrick rolling mill and strengthened its balance sheet.

Alcoa Corporation reported a net loss of $4 million, or $0.02 per share, in Q4 2020. Adjusted net income was $49 million, or $0.26 per share. Adjusted EBITDA excluding special items was $361 million. The company realized a 15 percent sequential increase in sales revenue of value-add products.

Alcoa Corporation reported improved financial results in Q3 2020, driven by higher aluminum and alumina prices and increased sales of value-add aluminum products. The company generated $158 million in cash from operations and $84 million in free cash flow. Alcoa ended the quarter with a cash balance of $1.74 billion.

Alcoa's Q2 2020 results showed strong operating performance with higher production, and cash preservation and productivity helped mitigate the economic impact of COVID-19. The company generated $288 million in cash from operations and $211 million in free cash flow.

Alcoa Corporation reported a net income of $80 million, or $0.43 per share, with revenue of $2.4 billion. The company is taking decisive actions to address the COVID-19 crisis, focusing on workforce safety and financial stability. It is curtailing smelting capacity and implementing cash initiatives to deliver $700 million in savings or deferrals.

Alcoa Corporation reported a net loss of $303 million, or $1.63 per share, for the fourth quarter of 2019. Revenue was $2.4 billion. The company took actions to reduce complexity, drive returns, and advance sustainably.