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Dec 31, 2019

Alcoa Q4 2019 Earnings Report

Alcoa reported a net loss and a decrease in revenue due to lower alumina and aluminum prices.

Key Takeaways

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.

Net loss of $303 million, or $1.63 per share

Adjusted net loss of $57 million, or $0.31 per share, excluding special items

Adjusted EBITDA excluding special items was $346 million

Revenue of $2.4 billion

Total Revenue
$2.44B
Previous year: $3.34B
-27.2%
EPS
-$0.31
Previous year: $0.66
-147.0%
Bauxite Production
12.1M
Alumina Production
3.37M
Aluminum Production
535K
Gross Profit
$388M
Previous year: $810M
-52.1%
Cash and Equivalents
$879M
Previous year: $1.11B
-21.0%
Free Cash Flow
$128M
Previous year: $387M
-66.9%
Total Assets
$14.6B
Previous year: $16.1B
-9.2%

Alcoa

Alcoa

Alcoa Revenue by Segment

Forward Guidance

In 2020, the Company projects total bauxite shipments to range between 48.0 and 49.0 million dry metric tons. Total alumina shipments are expected to be between 13.6 and 13.7 million metric tons. The Aluminum segment is expected to ship between 3.0 and 3.1 million metric tons.

Revenue & Expenses

Visualization of income flow from segment revenue to net income