Alcoa Posts Record $3.97B Revenue, Adjusted EPS $2.12 in Q2
AA sits 58% above its 52-week low of $28.11.
Summary
Alcoa delivered a blowout Q2 with record revenue of $3.97 billion, up 24% sequentially, and adjusted EPS of $2.12, crushing expectations. Adjusted EBITDA surged 51% to $901 million, driven by strong aluminum segment performance and the completion of the San Ciprián smelter restart. Aluminum production rose 5% to 636,000 metric tons, while alumina output dipped 6% due to Cyclone Narelle disruptions at Pinjarra. The quarter also saw $608 million in cash from operations and $422 million in free cash flow, underscoring robust cash generation. This follows the $4.1 billion South32 acquisition announced in late June, with integration now underway. The results validate the operational turnaround and pricing tailwinds, with aluminum premiums remaining elevated.
At the time of this announcement, AA was trading at $44.35 on NYSE in the Manufacturing sector, with a market capitalization of approximately $12.4B. The 52-week trading range was $28.11 to $84.38. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.