Alcoa Corp. (AA) Soars 12.6% After ‘More-Than-Double’ Net Income

Core Insights - Alcoa Corp. experienced a significant stock price increase of 12.59% to $40.14 after reporting a more than doubling of net income in Q3 [1][3] - The company's attributable net income rose by 158% to $232 million compared to $90 million in the same period last year, while revenues increased by 3% to $2.995 billion from $2.904 billion year-on-year [2] Financial Performance - Alcoa Corp.'s net income for Q3 reached $232 million, a substantial increase of 158% from the previous year's $90 million [2] - Revenue for the same period was reported at $2.995 billion, reflecting a 3% increase from $2.904 billion year-on-year [2] Business Outlook - Despite strong financial results, Alcoa Corp. provided a cautious outlook for the remainder of the year, citing potential impacts from tariffs and operational inefficiencies at its San Ciprian smelter [3] - The company anticipates an additional $70 million in costs, including a $50 million increase from aluminum imports from Canada and a $20 million expense related to the San Ciprian smelter [3] Production Projections - Alcoa Corp. maintained its production and shipment projections for aluminum and alumina operations for the full-year 2025 [4] - For aluminum, production is projected to be between 2.3 to 2.5 million metric tons, with shipments expected to be between 2.5 to 2.6 million metric tons [4] - The alumina segment's production and shipments are projected to remain at 9.5 to 9.7 million metric tons and 13.1 to 13.3 million metric tons, respectively [4]