Alcoa(US:AA)2025-10-30 13:00Financial Performance & Strategy - Alcoa's 2024 revenue was $12 billion, with net income attributable to Alcoa at $60 million, or $026 earnings per share[14] - Adjusted EBITDA, excluding special items, was $16 billion, with adjusted earnings per share at $135 in 2024[14] - Alcoa aims to maintain adjusted net debt between $10 billion and $15 billion[168] - The company has $500 million remaining in share buyback authorization and a quarterly dividend of $010 per share[169] Operational Excellence & Innovation - Alcoa's bauxite production reached 38 million dry metric tons, alumina production was 10 million metric tons, and aluminum production was 22 million metric tons in 2024[14] - A 75% reduction in serious injuries in North America operations was achieved in 2025 compared to a 2022 baseline, driven by ABS routines[54] - The Deschambault smelter is on track to achieve its 16th consecutive year of record aluminum production in 2025[59] Market Outlook & Growth - Global total aluminum consumption is expected to grow from 107 million metric tons in 2025 to 134 million metric tons in 2035, a CAGR of +23%[19] - Alumina demand is projected to increase, particularly outside of China, growing by 136 million metric tons (23%) from 2025 to 2035[131] - Alcoa expects a +1 million metric tons increase in alumina production and a $15-$20/ton reduction in unit cost at Australian refineries upon full realization of higher bauxite grades by 2030[80]