Alcoa Corp.

Alcoa Corp. today announced the purchase of additional group annuity contracts that will further enhance the Company's strong balance sheet, reduce the risk of volatility in pension plans and secure the Company's commitments to retirees and beneficiaries. The additional annuity contracts with two subsidiaries of Athene Holding, Ltd. will facilitate the transfer of approximately $500 million of pension obligations and [...]

Alcoa Corp. announced today the closure of 146,000 metric tons of aluminum smelting capacity at the Wenatchee Works aluminum smelter located in the state of Washington. The process to permanently decommission the smelter, which has been fully idle since 2015, will begin immediately to prepare the Wenatchee site for potential redevelopment. "Our analysis does not support the long-term operation of the Wenatchee smelter, so [...]

Alcoa Corp. announced today that William F. Oplinger, Alcoa's Executive Vice President and Chief Financial Officer, will participate in a question and answer session at the virtual Citi Conference, beginning at 8:45 a.m. EST on Wednesday, December 1, 2021. The question and answer session will follow introductory comments by Mr. Oplinger regarding the business and outlook. A real-time audio webcast of this session will be [...]

Alcoa Corp. today announced the purchase of group annuity contracts that will facilitate the transfer of approximately $1 billion of pension obligations and assets associated with defined benefit pension plans for certain United States retirees and beneficiaries. The transfer, which will be complete later this month, will further enhance Alcoa's strong balance sheet, reduce the risk from volatility in pension plan [...]

Alcoa Corp. has once again been recognized for environmental, social and governance performance based on criteria in the annual Dow Jones Sustainability Indices. The Dow Jones Sustainability Indices are the longest-running benchmarks to assess the sustainability performance of the world's largest companies. Alcoa's name has been included in the DJSI every year since the inception of the annual listings in 1999 [...]

Alcoa Corp. announced today that William F. Oplinger, Alcoa's Executive Vice President and Chief Financial Officer, will participate in a question and answer session at the virtual Goldman Sachs Global Metals & Mining Conference, beginning at 10:00 a.m. EST on Wednesday, November 17, 2021. The question and answer session will follow introductory comments by Mr. Oplinger regarding the business and outlook. A real-time [...]

Alcoa Corp. today unveiled a technology roadmap to support the Company's vision to reinvent the aluminum industry for a sustainable future. The technologies in Alcoa's roadmap, including a new, proprietary post-consumer scrap recycling process, have the potential to decarbonize a significant portion of the upstream aluminum supply chain and provide a competitive advantage in a carbon-constrained world. Materials regarding [...]

Alcoa Corp. announced today it has completed the sale of land and industrial assets in the state of Texas in a transaction valued at $240 million. The sale included approximately 31,000 acres in Milam and Lee Counties and was marketed as the Sandow Lakes Ranch, which includes the site of the former Rockdale aluminum smelter. The Rockdale smelter was fully curtailed in 2008 and was permanently closed in 2017. The [...]

Alcoa Corp. will host a virtual Investor Day on Tuesday, November 9, 2021, with discussions that will include Alcoa's markets, operations, strategies, current and future technologies, and capital allocation, including the previously announced capital returns program. Participating in the Investor Day will be Alcoa President and Chief Executive Office Roy Harvey, Executive Vice President and Chief Financial Officer William [...]

Alcoa Corp. today reported its highest quarterly net income and earnings per share, eclipsing the prior quarter's record-setting financial performance and continuing to capture benefits from strong aluminum pricing. Third Quarter Highlights Grew revenue to $3.1 billion, a sequential increase of 10 percent Set a record for quarterly net income of $337 million and earnings per share of $1.76 Realized a 39 percent sequential [...]