Arconic (ARNC) Provides Preliminary Third Quarter Operating Results, Trims FY Outlook
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Arconic Provides Preliminary Third Quarter Operating Results and Updated Full-Year Outlook
September 14, 2022 4:15 PM EDTPITTSBURGH--(BUSINESS WIRE)-- Arconic Corporation (NYSE: ARNC) (Arconic or the Company) today provided preliminary operating results for the third quarter 2022 and updates to its outlook for the full-year 2022.
Preliminary Third Quarter Results and Revised Outlook
Third quarter 2022 Adjusted EBITDA is expected to be in the range of $135 million to $150 million. The third quarter results will be impacted by production outages and other operational challenges in Tennessee and Davenport that have reduced production from planned operating rates. Additionally, hyperinflationary energy costs are driving increased cost pressures and declining demand in Europe, which... More
