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Alcoa | 8-K: Alcoa Corporation Reports Second Quarter 2024 Results

Alcoa | 8-K: Alcoa Corporation Reports Second Quarter 2024 Results

美国铝业公司 | 8-K:美铝公司公布2024年第二季度业绩
美股SEC公告 ·  2024/07/17 16:17

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Alcoa posted Q2 2024 net income of $20 million ($0.11 per share), reversing Q1's $252 million loss, driven by higher alumina and aluminum prices. Revenue increased 12% sequentially to $2.9 billion, while Adjusted EBITDA excluding special items rose to $325 million from $132 million in Q1.The company's operational improvements continued with aluminum production reaching 543,000 metric tons, marking the seventh consecutive quarter of increased output. Total aluminum shipments rose 7% sequentially to 677,000 metric tons. The Alumina segment saw production decrease 5% to 2.53 million metric tons due to the completed curtailment of Kwinana refinery.Alcoa maintained strong liquidity with a $1.4 billion cash balance at quarter-end. The company expects to close its acquisition of Alumina Limited around August 1, 2024, having received all required regulatory approvals. The profitability improvement programs are on track to deliver the full $645 million target by year-end 2025.
Alcoa posted Q2 2024 net income of $20 million ($0.11 per share), reversing Q1's $252 million loss, driven by higher alumina and aluminum prices. Revenue increased 12% sequentially to $2.9 billion, while Adjusted EBITDA excluding special items rose to $325 million from $132 million in Q1.The company's operational improvements continued with aluminum production reaching 543,000 metric tons, marking the seventh consecutive quarter of increased output. Total aluminum shipments rose 7% sequentially to 677,000 metric tons. The Alumina segment saw production decrease 5% to 2.53 million metric tons due to the completed curtailment of Kwinana refinery.Alcoa maintained strong liquidity with a $1.4 billion cash balance at quarter-end. The company expects to close its acquisition of Alumina Limited around August 1, 2024, having received all required regulatory approvals. The profitability improvement programs are on track to deliver the full $645 million target by year-end 2025.
美国铝业公司发布了2024年第二季度的净利润为2000万美元(每股0.11美元),扭转了第一季度的25200万美元亏损,受益于铝土矿和铝价的上涨。营业收入较上季度增长12%,达到29亿,而剔除特殊项目后的调整后EBITDA从第一季度的13200万美元上升至32500万美元。公司的运营改善持续,铝的生产量达到543,000公吨,标志着连续第七个季度的产量增加。铝的总出货量较上季度上升7%,达到677,000公吨。铝土矿板块的生产量因Kwinana炼油厂的完全缩减而减少5%,降至253万公吨。美国铝业公司在季度末保持了强劲的流动性,现金余额为14亿美元。该公司预计将在2024年8月1日左右完成对铝土矿有限公司的收购,并已获得所有必要的监管批准。盈利能力改善计划有望在2025年底前实现64500万美元的全部目标。
美国铝业公司发布了2024年第二季度的净利润为2000万美元(每股0.11美元),扭转了第一季度的25200万美元亏损,受益于铝土矿和铝价的上涨。营业收入较上季度增长12%,达到29亿,而剔除特殊项目后的调整后EBITDA从第一季度的13200万美元上升至32500万美元。公司的运营改善持续,铝的生产量达到543,000公吨,标志着连续第七个季度的产量增加。铝的总出货量较上季度上升7%,达到677,000公吨。铝土矿板块的生产量因Kwinana炼油厂的完全缩减而减少5%,降至253万公吨。美国铝业公司在季度末保持了强劲的流动性,现金余额为14亿美元。该公司预计将在2024年8月1日左右完成对铝土矿有限公司的收购,并已获得所有必要的监管批准。盈利能力改善计划有望在2025年底前实现64500万美元的全部目标。
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