As part of a planned series of meetings with key stakeholders, representatives of the Spanish operating subsidiaries of Alcoa Corp. will be meeting this week with representatives of the national and regional authorities in Spain to discuss financial losses at the San Ciprián complex, which consists of an alumina refinery and an aluminum smelter. The San Ciprián smelter was curtailed in January 2022 as a result of an [...]
Alcoa Corp. announced today that William F. Oplinger, President and Chief Executive Officer, will participate on November 16, 2023, at the Goldman Sachs Metals and Mining Conference in New York, New York. Oplinger will make brief comments, beginning at 1:50 p.m. EST, regarding Alcoa's business, market conditions, and the Company's outlook in the current market, and may include factors that could affect the present [...]
Alcoa Corp. today reported third quarter 2023 results that include increased third-party shipments in the Company's two segments and a sequential improvement in cash generated from operations despite lower sequential average realized prices for alumina and aluminum. Financial Results and Highlights M, except per share amounts 3Q23 2Q23 3Q22 Revenue $2,602 $2,684 $2,851 Net loss attributable to Alcoa Corp. $ $ $ Loss per [...]
Alcoa Corp. plans to announce its third quarter 2023 financial results on Wednesday, October 18, after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's X handle @Alcoa at www.X.com/Alcoa. A conference call to discuss [...]
Alcoa Corp. announced today that William F. Oplinger has been elected to serve as President and Chief Executive Officer of the Company and as a member of its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230925107514/en/ William F. Oplinger Oplinger succeeds Roy C. Harvey, effective September 24, 2023, who will serve as Strategic Advisor to [...]
Alcoa Corp. announced today that Molly S. Beerman, Executive Vice President and Chief Financial Officer, will participate on Tuesday, September 12, 2023, at the Morgan Stanley 11th Annual Laguna Conference in Dana Point, California. Beerman will make brief comments, beginning at 3:50 p.m. EDT, regarding Alcoa's business and the Company's outlook in the current market, including factors that may affect the present [...]
Alcoa Corp. today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on August 24, 2023 to stockholders of record as of the close of business on August 8, 2023. About Alcoa Corporation Alcoa is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future [...]
Alcoa Corp. today announced that it has named Renato Bacchi as Executive Vice President and Chief Commercial Officer, effective August 1, 2023. The company's current Chief Commercial Officer, Kelly Thomas, will leave to pursue a career opportunity outside of Alcoa. Bacchi will lead the Company's sales and trading, marketing, supply chain, commercial operations, procurement, and transportation. He previously served as [...]
Alcoa Corp. today reported second quarter 2023 results that included higher sequential revenue as increased shipments outweighed lower average realized pricing. Second Quarter Generated revenue of $2.68 billion Posted Net loss attributable to Alcoa of $102 million, or $0.57 per share, an improvement of 56 percent sequentially Recorded Adjusted EBITDA excluding special items of $137 million Finished the second quarter with [...]
Alcoa Corp. has issued its 2022 Sustainability Report, which details the Company's continued progress on Environmental, Social and Governance initiatives. The report is available on the sustainability section of Alcoa's web site at www.alcoa.com/sustainability. "Responsible and sustainable practices are vital for our Company, our customers and the world," said Alcoa President and CEO Roy Harvey. "In fact, strong [...]
Alcoa announced today that the Portland Aluminium joint venture in Victoria, Australia, which Alcoa operates, has been recognized for its environmental, social and governance performance by the Aluminium Stewardship Initiative. Both the smelting and casthouse operations at Portland Aluminium have earned ASI's Performance Standard certification, which is the most comprehensive in the aluminum industry. The standard defines [...]
Alcoa Corp. announced today that members of the United Steelworkers have ratified a new collective bargaining agreement that covers employees at its aluminum smelters in the United States. The new three-year agreement master agreement covers approximately 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York. The prior contract expired on May 15, 2023, and [...]