Alcoa(US:AA)2025-01-23 02:04Financial Performance - Alcoa's Q4 2024 revenue reached $3486 million, a sequential increase of $582 million compared to Q3 2024[10] - Net income attributable to Alcoa Corporation was $202 million in Q4 2024, compared to $90 million in Q3 2024[10] - Adjusted EBITDA excluding special items for Q4 2024 was $677 million, up from $455 million in Q3 2024[10] - For FY24, Adjusted EBITDA excluding special items was $1589 million, a significant increase from $536 million in FY23[10] - Alcoa returned $90 million to stockholders through quarterly dividends in 2024[7] Operational Highlights - Alumina realized price increased to $636 per metric ton in Q4 2024, compared to $485 per metric ton in Q3 2024[10] - Realized primary aluminum price increased to $3006 per metric ton in Q4 2024, compared to $2877 per metric ton in Q3 2024[10] - The company delivered $645 million in profitability improvement program, exceeding the initial target[7, 20] - Alcoa's working capital decreased to 34 days in Q4 2024[23] Outlook and Strategy - Alcoa expects alumina production to be between 95 million metric tons and 97 million metric tons in FY25[26] - Alcoa expects aluminum production to be between 23 million metric tons and 25 million metric tons in FY25[26] - The company is focused on de-levering the balance sheet and repositioning debt[25, 31]