Group 1: Hims & Hers Health - Hims & Hers Health Inc. operates a telehealth platform offering a range of health and wellness treatments, including sexual health, skincare, and weight-loss solutions [2] - The company has seen accelerated growth due to the introduction of compounded GLP-1 injections for weight loss, priced at $199 per month, significantly lower than the market price of $1,300 [3] - In Q3 2024, Hims & Hers reported an EPS of 32 cents, exceeding consensus estimates of 10 cents by 22 cents, and revenues increased by 77.1% YoY to $401.56 million, surpassing estimates of $382.2 million [4] - Subscriber growth reached 2 million, a 44% increase YoY, and the company plans to acquire a compounding lab registered with the FDA [4] - The nomination of Dr. Marty Makary as the new FDA commissioner has positively impacted Hims & Hers shares [5] Group 2: Alcoa - Alcoa Co. is an aluminum producer experiencing rising demand due to recovery in packaging, automotive, and electrical industries, with aluminum prices increasing as inventories remain low [6] - The company reported Q3 2024 EPS of 57 cents, beating consensus estimates of 25 cents by 32 cents, while revenues rose 11.6% YoY to $2.90 billion, slightly below the $2.97 billion consensus [7] - Alcoa has increased its shipment projections for 2024 to between 12.9 million to 13.1 million metric tons, up by 0.2 million metric tons from previous estimates [7] Group 3: Vicor - Vicor Co. produces modular power components and systems, benefiting from the AI boom as its products are utilized in various electrical applications [9] - The company reported Q3 2024 EPS of 26 cents, exceeding consensus estimates by 13 cents, while revenues decreased by 13.6% YoY to $93.17 million, surpassing estimates of $85.23 million [10] - Vicor's power solutions are critical for high-demand AI processors, with the NVIDIA GH200 consuming up to 2,000 watts, positioning Vicor as a key player in the market [10] Group 4: Stride Inc. - Stride Inc. operates an online education platform and faced scrutiny from short-sellers but rebounded significantly after reporting strong earnings [11] - In fiscal Q1 2025, Stride reported an EPS of 94 cents, beating consensus estimates by 72 cents, with revenues rising 14.8% YoY to $551.08 million, exceeding estimates of $504.29 million [12] - The company raised its fiscal Q2 2025 revenue guidance to between $560 million to $580 million, compared to consensus estimates of $535.34 million [12]

Key Points Company and Industry Overview * **Company**: Alcoa Corporation (NYSE:AA) * **Industry**: Basic Materials, Aluminum Production * **Event**: Citi's 2024 Basic Materials Conference, December 4, 2024 Core Views and Arguments * **2024 Achievements**: Alcoa highlighted several key achievements in 2024, including the acquisition of Alumina Limited, resolution of the bauxite situation, and progress in rebuilding the company culture. * **2025 Priorities**: The company's main focus areas for 2025 are safety, operational excellence, rebuilding the high-performance culture, and capital allocation. * **Financial Performance**: Alcoa expects a net unfavorable impact of $20 million in EBITDA performance for the quarter due to various factors, including inventory write-downs and currency impacts. * **Market Conditions**: The company discussed various market conditions, including the Guinea bauxite situation, alumina prices, and the impact of tariffs and regulations on the aluminum market. Other Important Points * **Safety**: Alcoa achieved no fatalities and no serious or life-altering injuries in 2024 and intends to maintain this record in 2025. * **Operational Stability**: The company's operational stability improved significantly in 2024, and it expects to meet its production and shipment targets for the year. * **Deleveraging**: Alcoa repaid $385 million of debt in 2024 and plans to continue deleveraging in 2025. * **Capital Allocation**: The company's capital allocation framework includes returns to shareholders, transformation of the portfolio, and positioning for growth. * **Growth Ambitions**: Alcoa aims to grow organically and inorganically in areas where it can provide returns to shareholders that exceed its weighted average cost of capital (WACC). References * [1] * [2] * [3] * [4] * [5] * [6] * [7] * [8] * [9] * [10] * [11] * [12] * [13] * [14] * [15] * [16] * [17] * [18] * [19] * [20] * [21] * [22] * [23] * [24] * [25] * [26] * [27] * [28] * [29] * [30] * [31] * [32] * [33] * [34] * [35] * [36] * [37] * [38] * [39] * [40] * [41] * [42] * [43] * [44] * [45] * [46] * [47] * [48] * [49] * [50]

1329293 B.C. Ltd. Announces Name Change to Auranova Resources Inc., Consolidation and Changes to Management and BoardNovember 07, 2024 4:49 PM EST | Source: 1329293 B.C. Ltd.Vancouver, British Columbia--(Newsfile Corp. - November 7, 2024) - 1329293 B.C. Ltd. (the "Company") is pleased to announce that the board of directors of the Company has approved, and the Company effected on November 6, 2024, a name change to Auranova Resources Inc. (the "Name Change") and a consolidation of its issued an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to _____ Commission File Number 1-37816 ALCOA CORPORATION (Exact name of registrant as specified in its charter) Delaware 81-1789115 (State or other ...

Core Insights - Alcoa reported Q3 2024 results with EBITDA of $455 million, a 6.5x increase year-over-year, and stock price increased by 75% over the last 12 months [1] - The company’s 2024 guidance includes alumina shipments projected between 12.9 million to 13.1 million metric tons, and aluminum segment shipments between 2.5 to 2.6 million tons [1] - Alcoa's stock has shown volatility with returns of 159% in 2021, -23% in 2022, and -24% in 2023, contrasting with the more stable Trefis High Quality Portfolio [1][2] Financial Performance - Net income rose from $30 million in the previous quarter to $135 million in Q3 2024, with EPS increasing from $0.16 to $0.57 [2] - Aluminum production increased for the eighth consecutive quarter, reaching 559,000 metric tons, a 3% sequential increase [2] - The acquisition of Alumina Ltd. on August 1 increased Alcoa's economic exposure to the alumina market, raising third-party sales from 2 million to approximately 6 million metric tons [2] Market Dynamics - Rising investments in renewable energy sectors, including electric vehicles and solar power, are driving aluminum demand [3] - Alcoa benefits from a strong balance sheet and lower energy costs due to its U.S.-based facilities compared to European competitors [3] - The company aims to enhance productivity and optimize assets, with a revised stock price estimate of $46 per share, approximately 10% above the current market price [3]

Core Points - Alcoa will trade ex-dividend on 10/29/24, with a quarterly dividend of $0.10 payable on 11/15/24, representing approximately 0.24% of the recent stock price of $42.02 [1] - The historical dividend data suggests that the current estimated annual yield of 0.95% may be a reasonable expectation going forward [1] - Alcoa's stock has a 52-week range with a low of $23.17 and a high of $45.48, with the last trade recorded at $41.34 [1] Market Performance - In recent trading, Alcoa shares are up about 0.3% on the day [2]

Group 1 - The article discusses the reinitiation of coverage on Alcoa Corporation (NYSE: AA) in April 2024, highlighting its potential benefits from sanctions against its largest competitor, Rusal [1] - It is anticipated that there will be an increase in global aluminum prices due to the competitive landscape [1] Group 2 - The investing group Beyond the Wall Investing offers features such as a fundamentals-based portfolio, weekly analysis from institutional investors, and alerts for short-term trade ideas based on technical signals [1] - The article emphasizes the importance of access to high-quality equity research reports, which can save investors thousands of dollars annually [1]

Financial Data and Key Metrics - Revenue remained flat sequentially at $2.9 billion [12] - Net income attributable to Alcoa increased to $90 million from $20 million in the prior quarter, with EPS improving by $0.27 to $0.38 per share [12] - Adjusted EBITDA increased by $130 million to $455 million, driven by higher alumina prices and improved energy and raw material costs [12][13] - Free cash flow less debt and non-controlling interest distributions was nearly neutral, resulting in a cash balance of $1.3 billion [16] Business Segment Performance - Aluminum segment third-party revenue increased 9% due to higher realized prices, partially offset by lower shipments [12] - Alumina segment adjusted EBITDA increased by $181 million, driven by higher alumina prices, which more than offset higher production costs [13] - Aluminum segment adjusted EBITDA decreased by $53 million due to higher alumina costs and lower metal prices [13] Market Data and Key Metrics - Alumina prices reached the highest levels since 2018, driven by supply disruptions and strong demand [20] - Global aluminum demand is at record levels, with recovery in the packaging segment in North America and Europe, while the automotive sector shows slowing growth [21] - China's inclusion of aluminum in its national emissions trading scheme is expected to increase costs for the primary aluminum industry in the future [22] Strategic Direction and Industry Competition - The acquisition of Alumina Limited has increased Alcoa's economic exposure to the aluminum market, with third-party sales exposure rising to 6 million metric tons [23][24] - The company is progressing with the approval process for new mining regions in Australia, with mining expected to commence no earlier than 2027 [28][29] - Alcoa is focusing on improving operational efficiency and competitiveness, with a target of $645 million in savings, of which $525 million has already been achieved [14][15] Management Commentary on Operating Environment and Future Outlook - The alumina market is expected to remain tight through the first half of 2025, with supply disruptions and the need for new projects in Indonesia and India to balance the market [51] - The company is optimistic about the long-term fundamentals of the aluminum market, supported by growth in key end markets and limited new supply projects globally [22][24] - Alcoa is prioritizing debt reduction and repositioning to enhance financial flexibility and shareholder value [64][65] Other Important Information - The company is working on a strategic partnership with IGNIS Group for its Spanish operations, aiming to leverage energy market expertise to improve viability [25][26] - Alcoa is targeting $70 million in savings from the Kwinana curtailment by the end of 2025, though progress has been slower than expected [15] - The company expects to achieve $100 million in productivity and competitiveness savings by the end of Q1 2025 [15] Q&A Session Summary Question: Spain Operations and Partnership with IGNIS - The partnership with IGNIS aims to combine energy market expertise with Alcoa's aluminum operations to improve the viability of the San Ciprian site [33][37] - The partnership is conditional on government and union support, including CO2 compensation and permitting for power projects [34][40] Question: Profitability Improvement Program - The company is ahead of its $645 million savings target, particularly in raw materials, with $355 million achieved and further savings expected in Q4 [44][45] - Alcoa is focusing on embedding a culture of competitiveness across its operations to sustain long-term improvements [45] Question: Alumina Market Dynamics - Alumina prices are expected to remain tight through H1 2025, with supply disruptions in Australia, Jamaica, and Guinea contributing to market tightness [50][51] - The company is monitoring the impact of high alumina prices on smelter profitability and may take action if necessary [61] Question: Capital Allocation and Shareholder Returns - Alcoa's priority for early 2025 is to reduce debt and reposition it to jurisdictions where cash is needed, with adjusted net debt at $2.2 billion [64][65] - The company is considering additional capital allocation opportunities, including shareholder returns and growth projects, as cash flow improves [91] Question: San Ciprian Timeline and Financial Commitments - The company is working to finalize the partnership with IGNIS and secure stakeholder support before the site runs out of cash, potentially by the end of 2024 or early 2025 [79][81] - Alcoa is committed to avoiding insolvency and is seeking government and union cooperation to ensure the site's viability [81] Question: WA Mine Approvals and Environmental Conditions - Alcoa is progressing with mine approvals in Western Australia, with public comment expected in early 2025 and mining anticipated to start no earlier than 2027 [86][87] - The company has already incorporated many of the environmental conditions being applied to peers, positioning it well for future approvals [88]

3 rd Quarter Earnings 1 Alcoa Corporation October 16, 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," "g ...

Alcoa (AA) reported $2.9 billion in revenue for the quarter ended September 2024, representing a year-overyear increase of 11.6%. EPS of $0.57 for the same period compares to -$1.14 a year ago. The reported revenue represents a surprise of -3.03% over the Zacks Consensus Estimate of $2.99 billion. With the consensus EPS estimate being $0.23, the EPS surprise was +147.83%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...