Alcoa Corp.

Alcoa (NYSE:AA) announced today that it is expanding its Investor Relations capability in preparation for the previously announced separation of the Company during the second half of 2016. Matt Garth, Vice President of Financial Planning and Analysis, will take on the additional leadership of Alcoa's Investor Relations group. Garth will be the primary point of contact for investors and analysts. Vice President Investor [...]

Lightweight metals leader Alcoa (NYSE:AA) today reported full-year 2015 results, ending the year on solid operational footing. In fourth quarter 2015, the Value-Add businesses reported strong performance, while the Upstream remained profitable despite lower alumina and aluminum prices. Every segment delivered productivity gains. The Company also undertook restructuring to further strengthen the Upstream portfolio and [...]

Lightweight metals leader Alcoa (NYSE:AA) has signed a long-term contract with GE (NYSE:GE) unit GE Aviation for jet engine components in an agreement valued at more than $1.5 billion over the contract life. Under the deal, Alcoa will supply advanced nickel-based superalloy, titanium and aluminum components for a broad range of GE Aviation engine programs. “We greatly appreciate GE’s continued confidence in [...]

Lightweight metals leader Alcoa (NYSE:AA) today announced it is taking further action to increase the competitiveness of its Upstream business amid prevailing market conditions. In 2015, the Midwest transaction aluminum price dropped approximately 30 percent, and the Alumina Price Index fell approximately 40 percent. Alcoa will permanently close its 269,000 metric ton Warrick Operations smelter in Evansville, Indiana by [...]

Alcoa (NYSE:AA) will hold a conference call on Monday, January 11 beginning at 5:00 p.m. ET to discuss fourth quarter and year end 2015 results and business developments. The conference call will be webcast live via Alcoa's website, www.alcoa.com, with presentation materials available online at 4:15 p.m. ET. Conference Call Information Time: 5:00 – 6:00 p.m. ET Hosts: Klaus Kleinfeld, Chairman and [...]

Lightweight metals leader Alcoa (NYSE:AA) today announced long-term supply contracts with Boeing (NYSE: BA) valued at over $2.5 billion. Alcoa will supply multi-material fastening systems for every Boeing platform in its largest fastener deal ever. Alcoa also will supply ready-to-install titanium seat track assemblies for the entire 787 Dreamliner family. This Smart News Release features multimedia. View the full release [...]

Lightweight metals leader Alcoa (NYSE: AA) today announced executive management appointments for the future Upstream and Value-Add Companies, expected to become effective upon completion of Alcoa’s previously announced separation in the second half of 2016. Roy Harvey, Executive Vice President and Alcoa President of Global Primary Products, will serve as Chief Executive Officer of the new Upstream Company. William [...]

Lightweight metals leader Alcoa (NYSE:AA) today announced that it has entered into a three-and-a-half year agreement with New York State to increase the competitiveness of the Massena West smelter. The Company had previously announced plans to curtail the facility amid prevailing market conditions. The agreement will help maintain hundreds of jobs in New York’s North Country, improve the cost position of the smelter [...]

Alcoa (NYSE:AA) today announced its Board of Directors declared a dividend of $6.71875 per share on the outstanding 5.375% Class B Mandatory Convertible Preferred Stock ("Class B Stock") payable on January 1, 2016 to shareholders of record of the Class B Stock at the close of business on December 15, 2015. The dividend on the Class B Stock is equivalent to a dividend of $0.671875 per Depositary Share (each Depositary [...]

Lightweight metals leader Alcoa (NYSE:AA) today reported progress on the Company’s performance against three-year financial targets and its continuing transformation as it prepares to separate into two industry-leading, publicly-traded companies. Alcoa also outlined a clear roadmap to complete its separation in the second half of 2016. The Company delivered the update at its 2015 Investor Day event in Grand Rapids [...]