Alcoa (AA) Misses Q1 EPS by 34c
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Alcoa Corporation Reports First Quarter 2023 Results
April 19, 2023 4:10 PM EDTPITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) today reported first quarter 2023 results that included sequential improvements in key earnings metrics, a strong cash balance, and a quarterly cash dividend payment.
First Quarter Highlights:
Generated revenue of $2.7 billion Posted sequential improvements in Net loss attributable to Alcoa of $164 million and Adjusted EBITDA excluding special items of $211 million Finished the first quarter with a cash balance of $1.1 billion Paid a cash dividend of $0.10 per share of common stock, totaling $18 million Negotiated an updated... More