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Tidal Trust II Announces Name Change of STKD Bitcoin & Gold ETF
GlobeNewswire News Room· 2025-02-07 22:21
CHICAGO, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Tidal Trust II today announced that the STKD Bitcoin & Gold ETF (BTGD) will undergo a name change to STKd 100% Bitcoin & 100% Gold ETF, effective February 17, 2025. The fund will continue to be listed on The Nasdaq Stock Market, LLC under its current ticker symbol, BTGD. This name change reflects the fund’s distinct investment strategy, which seeks to provide exposure to both Bitcoin and Gold, offering investors a diversified approach to digital and traditional ass ...
Why Has Alcoa Stock Dropped Post Q4 Results?
Forbes· 2025-02-03 11:00
POLAND - 2025/01/25: In this photo illustration, the Alcoa company logo is seen displayed on a ... [+] smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesAlcoa latest earnings report for Q4 2024 showed strong financial improvements with the company reporting sales of $3.49 billion, a significant increase from $2.6 billion in Q4 2023. It also swung to profitability, reporting net income of $202 million, compared to a net loss ...
Alcoa: The Tides Have Shifted To A Bullish Market
Seeking Alpha· 2025-01-30 21:34
Alcoa Corporation (NYSE: AA ) realized significant growth in the final quarter of FY24 as aluminum and alumina pricing provided a strong trade environment for the firm. With the possibility of trade restrictions in the form ofMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Tech ...
Alcoa's Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
ZACKS· 2025-01-23 16:11
Alcoa Corporation (AA) reported fourth-quarter 2024 results, wherein its bottom and top lines beat the Zacks Consensus Estimate. The company’s adjusted earnings were $1.04 per share, which beat the consensus estimate of 93 cents. AA reported an adjusted loss of 56 cents per share in the prior-year quarter. Total revenues of $3.5 billion beat the Zacks Consensus Estimate of $3.4 billion. The top line increased 20% from the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calen ...
The Zacks Analyst Blog Alcoa, EnerSys, Chart Industries and Packaging Corp
ZACKS· 2025-01-23 09:41
For Immediate ReleasesChicago, IL – January 23, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include, Alcoa Corp. (AA) , EnerSys (ENS) , Chart Industries, Inc. (GTLS) and Packaging Corp. of America (PKG) .Here are highlights from Thursday’s Analyst Blog:4 Stocks to Gain from a Steady Rebound in Manufacturing ActivityTh ...
Alcoa(AA) - 2024 Q4 - Earnings Call Presentation
2025-01-23 02:04
This presentation contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as "aims," "ambition," "anticipates," "believes," "could," "develop," "endeavors," "estimates," "expects," "forecasts," "goal," "intends," "may," "outlook," "potential," "plans," "projects," "reach," "seeks," "sees," "should," "strive," "t ...
Alcoa(AA) - 2024 Q4 - Earnings Call Transcript
2025-01-23 02:03
Financial Data and Key Metrics - No specific financial data or key metrics changes mentioned in the provided content [1][2][3][4][5] Business Line Data and Key Metrics - No specific business line data or key metrics changes mentioned in the provided content [1][2][3][4][5] Market Data and Key Metrics - No specific market data or key metrics changes mentioned in the provided content [1][2][3][4][5] Company Strategy and Industry Competition - No specific company strategy or industry competition details mentioned in the provided content [1][2][3][4][5] Management Commentary on Operating Environment and Future Outlook - No specific management commentary on the operating environment or future outlook mentioned in the provided content [1][2][3][4][5] Other Important Information - The discussion contains forward-looking statements subject to various assumptions and caveats, with factors that may cause actual results to differ materially included in the presentation and SEC filings [4] - Non-GAAP financial measures are included in the presentation, with historical reconciliations available in the appendix, but no quantitative reconciliations for certain forward-looking non-GAAP measures are provided [5] Q&A Session - No Q&A session details provided in the content [1][2][3][4][5]
Alcoa (AA) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2025-01-23 01:00
Alcoa (AA) reported $3.49 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 34.3%. EPS of $1.04 for the same period compares to -$0.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.41 billion, representing a surprise of +2.34%. The company delivered an EPS surprise of +11.83%, with the consensus EPS estimate being $0.93.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...
Alcoa(AA) - 2024 Q4 - Annual Results
2025-01-22 21:15
Revenue and Sales Performance - Revenue increased to $3.5 billion in Q4 2024, a 20% increase sequentially[5] - Full-year 2024 revenue increased 13% to $11.9 billion[5] - Sales for Q4 2024 increased to $3.486 billion, up 20% from $2.904 billion in Q3 2024 and 34% from $2.595 billion in Q4 2023[27] - Full-year 2024 sales reached $11.895 billion, a 13% increase from $10.551 billion in 2023[28] - Sales grew to $3,486 million in Q4 2024, compared to $2,595 million in Q4 2023[45] Net Income and Profitability - Net income increased 124% sequentially to $202 million in Q4 2024[5] - Net income attributable to Alcoa Corporation for Q4 2024 was $202 million, compared to $90 million in Q3 2024 and a loss of $150 million in Q4 2023[27] - Net income attributable to Alcoa Corporation for 2024 was $60 million, a significant improvement from a loss of $651 million in 2023[28] - Net income for 2024 improved to $24 million from a loss of $773 million in 2023[30] - Net income (loss) attributable to Alcoa Corporation for Q4 2024 was $202 million, compared to $90 million in Q3 2024 and a loss of $150 million in Q4 2023[34] - Diluted EPS for Q4 2024 was $0.76, compared to $0.38 in Q3 2024 and a loss of $0.84 in Q4 2023[34] Adjusted EBITDA and Segment Performance - Adjusted EBITDA excluding special items increased 49% sequentially to $677 million in Q4 2024[5] - Adjusted EBITDA excluding special items for FY2024 increased to $1.6 billion[5] - Segment Adjusted EBITDA for 2024 was $2,065 million, compared to $734 million in 2023[31] - Adjusted EBITDA for Q4 2024 was $675 million, compared to $429 million in Q3 2024 and $92 million in Q4 2023[38] - Adjusted EBITDA for the full year 2024 was $1.519 billion, compared to $473 million in 2023[38] Cash Flow and Financial Position - The company ended 2024 with a cash balance of $1.1 billion[11] - Cash and cash equivalents increased to $1.138 billion at the end of 2024, up from $944 million at the end of 2023[29] - Cash from operations increased significantly to $622 million in 2024, up from $91 million in 2023[30] - Free cash flow for Q4 2024 was $246 million, compared to a negative $3 million in Q3 2024 and $10 million in Q4 2023[40] - Cash and cash equivalents as of December 31, 2024, were $1.138 billion, compared to $944 million as of December 31, 2023[41] - Cash and Cash Equivalents rose to $1,138 million in December 2024 from $803 million in December 2023[43] Debt and Liabilities - Long-term debt increased to $2.470 billion in 2024, up from $1.732 billion in 2023[29] - Net debt as of December 31, 2024, was $1.457 billion, compared to $923 million as of December 31, 2023[41] - Total debt as of December 31, 2024, was $2.595 billion, compared to $1.867 billion as of December 31, 2023[41] - Adjusted Net Debt increased to $2,054 million as of December 31, 2024, compared to $1,673 million in the previous year[43] - Net Debt (Net Cash) rose to $1,457 million in December 2024 from $1,033 million in December 2023[43] - Total Debt increased to $2,595 million in December 2024 from $1,836 million in December 2023[43] - Net Pension/OPEB Liability decreased to $597 million in December 2024 from $640 million in December 2023[43] Production and Shipments - Alcoa expects 2025 Alumina segment production to range between 9.5 to 9.7 million metric tons[13] - Aluminum segment production is expected to range between 2.3 and 2.5 million metric tons in 2025[14] - Alumina production decreased to 10,034 kmt in 2024 from 10,908 kmt in 2023[31] - Third-party alumina shipments dropped to 9,005 kmt in 2024 from 8,698 kmt in 2023[31] - Aluminum production increased to 2,215 kmt in 2024 from 2,114 kmt in 2023[31] - Total aluminum shipments grew to 2,590 kmt in 2024 from 2,491 kmt in 2023[31] Pricing and Realized Prices - Average realized third-party price per metric ton of alumina rose to $472 in 2024 from $358 in 2023[31] - Average realized third-party price per metric ton of aluminum increased to $2,841 in 2024 from $2,828 in 2023[31] Expenses and Charges - Research and development expenses for 2024 totaled $57 million, up 46% from $39 million in 2023[28] - Restructuring and other charges for 2024 amounted to $341 million, an 85% increase from $184 million in 2023[28] - Restructuring and other charges for Q4 2024 were $91 million, compared to $30 million in Q3 2024 and a negative $11 million in Q4 2023[34] Capital Expenditures - Capital expenditures for 2024 were $580 million, up from $531 million in 2023[30] - Capital expenditures for Q4 2024 were $169 million, compared to $146 million in Q3 2024 and $188 million in Q4 2023[40] Working Capital and Receivables - Receivables from customers rose to $1.096 billion in 2024, a 67% increase from $656 million in 2023[29] - DWC Working Capital decreased to $1,289 million in Q4 2024 from $1,414 million in Q3 2024[45] - Days Working Capital improved to 34 days in Q4 2024, down from 45 days in Q3 2024[45] - Receivables from customers increased to $1,096 million in Q4 2024, up from $656 million in Q4 2023[45] - Inventories decreased to $1,998 million in Q4 2024 from $2,158 million in Q4 2023[45] Total Assets and Liabilities - Total assets decreased slightly to $14.065 billion in 2024 from $14.155 billion in 2023[29] Operational Tax Expense - Alcoa expects first quarter 2025 operational tax expense to approximate $120 million to $130 million[17] Profitability Improvements - Alcoa implemented $675 million of profitability improvements in 2024, exceeding its $645 million target[11]
4 Stocks to Gain From a Steady Rebound in Manufacturing Activity
ZACKS· 2025-01-22 20:01
The U.S. manufacturing sector is making a slow but steady recovery as price pressures have eased substantially over the past few months. The manufacturing sector closed 2024 on a positive note, a sign that the much-needed revival is finally gathering pace.Both manufacturing and industrial output data surpassed expectations in December, while the November figures were upwardly revised. Also, expectations are high from the newly elected President Donald Trump, who has vowed to revive the U.S. economy.Given th ...