PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) announced today that William F. Oplinger, President and Chief Executive Officer, will present at the BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida on February 27, 2024. At 9:30 a.m. EST, Oplinger will deliver a presentation regarding Alcoa’s business, market conditions, and outlook in the current market, including factors that could affect the Company’s present quarter’s financial results. His presentation will be fo ...

It’s tough to make the argument that stocks are cheap. But it’s still possible to find some value. You can even find some blue-chip stocks at a low price. Blue-chip stocks are known for consistency above all else. They’re frequently thought of as “sleep well at night” stocks because they provide predictable revenue and earnings. They also frequently pay among the best dividends in terms of yield. But even blue-chip stocks can underperform. And when that underperformance coincides with monetary policy that i ...

Shares of Alcoa Corp. were suffering their worst day in 10 months amid growing concerns about Donald Trump’s plans to start a trade war with China if he is elected president in November. The aluminum producer’s stock AA, -8.65% sank 8.7% in afternoon trading to lead a broad selloff in the metals and mining sector. It was headed for the biggest one-day selloff since it fell 10.8% on March 15, 2023. ...

ATOME Energy PLC (AIM:ATOM) has announced it will change its name, to ATOME PLC, to better reflect the company’s focus on industrial-scale green fertiliser. The company said it will retain the current stock market ticker, ATOM, and its ISIN and SEDOL codes will remain unchanged. In January, ATOME provided an encouraging update on its operations in Paraguay. The Front-End Engineering Design (FEED) study and the Engineering, Procurement and Construction (EPC) of the Villeta Project are advancing well, with co ...

One stock that might be an intriguing choice for investors right now is Alcoa Corporation (AA) . This is because this security in the Metal Products - Distribution space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in t ...

Alcoa Corporation (NYSE:AA) Q4 2023 Earnings Conference Call January 17, 2024 5:00 PM ET Company Participants James Dwyer - Vice President, Investor Relations and Pension Investments William Oplinger - President and Chief Executive Officer Molly Beerman - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Dudas - Vertical Research Carlos De Alba - Morgan Stanley Katja Jancic - BMO Capital Markets Timna Tanners - Wolfe Research John Tumazos - John Tumazos Independent Re ...

For the quarter ended December 2023, Alcoa (AA) reported revenue of $2.6 billion, down 2.6% over the same period last year. EPS came in at -$0.56, compared to -$0.70 in the year-ago quarter.The reported revenue represents a surprise of -0.71% over the Zacks Consensus Estimate of $2.61 billion. With the consensus EPS estimate being -$0.99, the EPS surprise was +43.43%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their n ...

Markets continue their slide this Hump Day, with a new Beige Book this afternoon demonstrating mild strength in most areas and modest declines in others. There was also a North American Home Builders Confidence Index for January out today, showing the biggest jump month-over-month since the Great Reopening first got underway in mid-2020, to the highest level, 44, since September. A cycle low of 34 came in November of last year. Finally, Industrial Production and Capacity Utilization both outperformed expect ...

4th Quarter Earnings Alcoa Corporation January 17, 2024 Cautionary Statement regarding Forward-Looking Statements 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 ...

Core Viewpoint - American Aluminum (AA.US) reported its Q4 and full-year financial results for 2023, showing a decline in revenue and an increase in net losses compared to the previous year [1] Financial Performance Summary - Q4 revenue was $2.595 billion, down approximately 3% from $2.663 billion year-over-year, meeting market expectations [1] - The company reported a net loss of $150 million for Q4, compared to a loss of $39,500 in the same period last year [1] - Adjusted EBITDA for Q4 was $89 million, up from $29 million year-over-year but below analyst expectations of $110.7 million [1] - For the full year, revenue totaled $10.551 billion, a 15% decrease from the previous year, with a net loss of $651 million compared to a loss of $12,300 in the prior year [1] Production and Shipment Insights - Q4 alumina production decreased by 1% quarter-over-quarter to 2.79 million tons, while aluminum production increased by 2% from Q3 to 541,000 tons, a 4.8% year-over-year increase [1] - Third-party alumina shipments fell by 5% quarter-over-quarter due to reduced trading volumes, while aluminum shipments grew by 1% [1] Future Outlook - For 2024, the company expects alumina production to be between 9.8 million and 10 million tons, with alumina shipments projected between 12.7 million and 12.9 million tons [1] - The aluminum segment anticipates production of 2.2 million to 2.3 million tons, an increase from 2023, with shipments expected to remain consistent at 2.5 million to 2.6 million tons [1] - The company forecasts a negative impact of approximately $15 million on Q1 2024 adjusted EBITDA for the alumina segment due to increased maintenance costs and reduced shipments from Australia [1] - The aluminum segment's adjusted EBITDA is expected to be offset by lower product premiums and the absence of certain favorable credits from Q4 2023 [1]