Soaring Aluminum Prices Boost Alcoa Earnings to Highest Growth Rate in Over Five Years

Aluminum producer Alcoa reported better than expected fourth quarter earnings on Wednesday. Aluminum has seen prices rise 50% yr/yr. AA reporting quarterly records for adjusted net income and adjusted EBITDA. Revenue rose 38% yr/yr, Alcoa’s highest growth rate in over five years. Alcoa Corp NYSE: AA Reported Earnings After Close Wednesday $2.50 Beat $1.93 EPS AND $3.30 Billion Beat $3.30 Billion Forecast in Revenue Earnings Alcoa reported $896 million in Ebitda in line with estimates. Adjusted earnings of $2.50 a share … Continue reading “Soaring Aluminum Prices Boost Alcoa Earnings to Highest Growth Rate in Over Five Years”

Alcoa Earnings Elevated By Robust Aluminum Prices and Declared First Ever Dividend

Aluminum producer Alcoa reported better than expected third quarter earnings on Thursday. $AA profits boosted by aluminum prices rising 64% yr/yr and 13% sequentially with the commodity squeeze and a recovering global economy. AA increased buybacks program and declared its first-ever dividend.

Aluminum Prices Soar to Ten Year Highs After Guinea Coup Strangles Bauxite Supplies

Aluminum futures prices soared to their highest in more than a decade after a coup in Guinea fueled concerns over Bauxite feedstock supplies. China gets half of it’s supplies from Guinea and is already struggling with output. A worker at a production line of Nannan Aluminum Co Ltd in Nanning, China via China Daily In an already volatile commodity space aluminum hit the highest prices in over ten years as a political coup in Guinea put Bauxite exports under threat, … Continue reading “Aluminum Prices Soar to Ten Year Highs After Guinea Coup Strangles Bauxite Supplies”

Alcoa Earnings Hit By Lower Alumina Prices and Aluminum Demand

Aluminum producer Alcoa reported worse than expected third quarter earnings on Wednesday with a wider-than-expected loss hit by lower alumina prices. $AA has been hurt by demand, and the implications for the global economy with the Trade War affect and tariffs.

Alcoa Lowers Aluminum Demand Forecast on China Trade Tensions and Macroeconomic Headwinds

Aluminum producer Alcoa reported better than expected second quarter earnings on Wednesday with a narrower-than-expected loss but raised concerns about demand, and the implications for the global economy with the Trade War affect and tariffs.

Alcoa Earnings Beat But Revenue Down 5% Sequentially on Lower Aluminum Prices

Aluminum producer Alcoa reported better than expected third quarter earnings on revenue down 5% sequentially on lower aluminum prices Special items of $160M driven by pension/OPEB action written off.  Warned again on the Trade War affect and tariffs.