alcoa first quarter earnings

The first is the protection of public drinking water and the second is the restoration of the forest and its biodiversity. And with further premium improvements, we could get some more profitability out of that site. Alcoa Corp First Quarter 2023 Earnings Release - MarketScreener.com And then, Im not sure I heard you mention it, but who is the third party that referred the case to the EPA, and what are their key concerns? Alcoa Schedules Second Quarter 2023 Earnings Release and Conference Call Youve got some smelters that can restart. And our third priority is to advance sustainably, which means more than just championing environmental, social and governance processes. And then, if I could sneak in another one on the energy exposure side, getting a lot of questions about benefits to lower prices, but I believe youre pretty well secured for the year. We have the right management and the right operators and the right people working on this, and I think were making real steady progress. So, were in the midst of sort of the data collection phase where the EPA is considering really two things. Alcoa Schedules Second Quarter 2023 Earnings - InvestorsObserver However, we continue to have near misses or potential incidents, which we closely monitor and use as opportunities to accelerate our learning. You may all now disconnect. Alcoa reported first-quarter profits that topped analysts' expectations after the closing bell on Monday. PDF Alcoa Corporation Notably, we increased our adjusted EBITDA from the fourth quarter by more than $211 million, posting a result of $240 million. Revenue grew by 11% year over year to the highest level since the second quarter of 2001. This process is commonly known in the state of Western Australia as an EPA Part IV assessment. But on the supply side, theres just not enough power in the southwestern provinces. Develop and improve features of our offerings. Bernt Reitan Alcoa Inc. - EVP of Alcoa, Group President of Global Primary Products CONFERENCE CALL PARTICIPANTS John Hill Smith Barney - Analyst Tony Rizzuto Bear Stearns - Analyst John Tumazos Prudential - Analyst Wayne Atwell Morgan Stanley - Analyst Alberto Arias Goldman Sachs - Analyst John Redstone Desjardins Securities - Analyst Theyre running it at levels theyve not for a very long time, and Im very pleased with what theyve done. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Wednesday, July 20, 2022: 5:00 p.m.6:00 p.m. EDT, Roy Harvey, President and Chief Executive Officer, William Oplinger, Executive Vice President and Chief Financial Officer. But whats embedded in your assumptions? I mean, as we look forward to the next quarters, were essentially running the Western Australian refineries at lower grades than we have before. I look forward to continuing to report on these improvements as the year progresses. James Dwyer Starke Zahlen gegen Zinssorgen: Diese Nasdaq-Picks knnten jetzt spannend sein, The webcast will also be archived on the Events & Presentations portion of the Investors section of. Alcoa shares have been one of the bright spots in the materials sector, rising. Okay. I think were seeing year-over-year improvement. Alcoa is the first major company to report results for the quarter ending in March. Read our editorial policy to learn more about our process. Alcoa Corporation plans to announce its second quarter 2023 financial results on Wednesday, July 19, after the close of trading on the New York Stock Exchange. So again, not a huge volume there, were 25% down, but thats one provision on the aluminum. Im not sure if it will cover all the bases, but at least it gets you started. The press release with financial . 5 Growth Stock Picks From a Top Fidelity Manager, Investors Bail on Large-Value Stock Funds, Markets Brief: These Stocks Led Us Into a New Bull Market. A conference call to discuss the financial results will begin at 5:00 p.m. EDT, and will be webcast live via Alcoa's website, www.alcoa.com. It is infinitely recyclable, and its available, right? But I think we need to make sure that we can provide even more risk reduction in order to satisfy our regulators. Call: +1 (877) 883-0383 (Domestic) +1 (412) 902-6506 (International) Conference ID: 8998726. And I think the answer has got to be that both markets are thinly balanced and could move in either direction, right? These EcoSource products are unique across our industry and are unmatched by our competitors. PITTSBURGH-- (BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) today reported first quarter 2022 financial results that included quarterly records for net income, adjusted net income and Adjusted EBITDA excluding special items. So coming into the year, I think were seeing better strength in the volumes and in the end, the volumes that impact the premiums that we negotiate on a quarterly basis. Gibbs Law Group Investigates Potential Securities Law BrainChip Selects IPro Silicon IP to Serve Israels High Growth AI Market, Albany International Enters Definitive Agreement to Acquire Heimbach Group for 153 Million. So it means that refining in Europe, and we see this in our San Ciprin refinery, its why were running at 50% is really difficult and is either extremely thinly margined or more likely a loss maker. 412-992-5450 Und dieser Laden wird von goldis Analysten empfohlen die Bevor Donald kam stand alcoa unter 10 , danach Amerika first ber 50 Dollar ,und jetzt wieder Da kommen doch wahrhaftig Analysten und Stufen Alcoa zum Kauf ein Scherz?? Jim Beck Itll follow the past, gradual ramp up. So its a relatively small piece of it. At a macro level, the global alumina and aluminum markets both remain in balance. Is this $51 million basically taking us to the level where you were going to be throughout the first quarter or until the first quarter of 2024, or there could be potentially higher negative impact on this situation in the Alumina segment? And I just wondered is there kind of a minimum utilization that we should think of for 2024? And faced with a volatile market environment as well as continued challenges at some of our operations, we continue to focus on three strategic priorities: First, we work to reduce complexity, which means operating with a lean cost-focused approach and actively managing our portfolio of assets to drive profitability through all phases of the commodity cycle. Alcoa Corporation plans to announce its second quarter 2023 financial results on Wednesday, July 19, after the close of trading on the New York Stock Exchange. So, Ill take that one and Molly can jump in if she has some quantitative comments as well. Alcoa's first quarter earnings were the strongest since the first quarter three years ago. A conference call to discuss the financial results will begin at 5:00 p.m. EDT, and will be webcast live via Alcoa's website, www.alcoa.com. The press release with financial results, and a related presentation, will be available on the Investors section of Alcoas website, www.alcoa.com. I think that starts to build a little bit more resilience back into the market, which then has its knock on impacts in our value-added products. Zeitverzgerung der Kursdaten: Deutsche Brsen +15 Min. 201 Isabella Street Alcoa (AA) to Report Q1 Earnings: What's in the Offing? - Yahoo Factors that may cause the Companys actual results to differ materially from these statements are included in todays presentation and in our SEC filings. $240. First Quarter Highlights: Generated revenue of $2.7 billion The other piece, of course, that they ask about is around biodiversity, and how we are rehabilitating in the Jarrah Forest. The next question comes from John Tumazos with Tumazos Very Independent Research. Operator Good afternoon and welcome to the Alcoa Corporation First Quarter 2020 Earnings Presentation and Conference Call. She had been Alcoas Principal Accounting Officer and Controller since 2016, and Im pleased to have her as a member. The Huntly and Willowdale mines are currently subject to a bespoke approvals process that is conducted annually on a 5-year rolling basis. John, we didnt work it out to the ton level. And so its going to take a little bit of time. It is an immense privilege for us to be able to mine there. Alcoa Corporation (NYSE:AA) Q1 2023 Results Conference Call April 19, 2023 5:00 PM ET, John Tumazos - Tumazos Very Independent Research, Lawson Winder - Bank of America Securities. The second quarter GAAP net income in comparison to first quarter includes several notable items: As a reminder, todays discussion will contain forward-looking statements relating to future events and expectations that are subject to various assumptions and caveats. Alcoa earnings drop 54% - Apr. 7, 2008 - CNN Business Also in the United States, we made the strategic decision in March to permanently close the Intalco smelter after evaluating various options for the asset, including a potential sale. Alcoa Schedules Second Quarter 2023 Earnings Release and - Morningstar Were seeing more and more of our customers that are extremely sensitive to any Russian content, because if their products then go to the U.S., they could have very significant tariffs placed on them because of the way that these tariffs were fashioned. These repairs were important in time-sensitive activities and the teams did a great job completing them safely and swiftly. The company is scheduled to release first-quarter 2023 results on Apr 27. Logistical from the fact that when we were first getting started restarting Alumar, and I know the plant well, I used to work there, it was just harder to get the quality of raw materials that we needed to have a kind of restart that we had expected. ORPEA Announces the First Drawdown of 200 Million Euros Under the New Money Financing With T-Mobile and Google Cloud Join Forces on 5G Advanced Network Solutions. But the more the copper price runs, the more substitution youre going to stay back into aluminum because the fact is that aluminum tends to be very versatile. And so, that sort of helps you build your understanding of when we think were going to be moving our way to that permitting process and then how long it takes us to be able to adapt and have the surety of where were going to be mining and when were going to be mining. Thus, we continue to advocate with our government for full sanctions on Russian origin aluminum. Investor Contact: Given these developments, we continue to advocate with our host governments to apply full sanctions on Russian origin aluminum, and we are strongly urging the LME that Russian metal be delisted as a deliverable brand. This is a complex and evolving situation, and we are fully committed to reaching a collaborative agreement with the Western Australia government to protect the environment, meet stakeholder expectations and maintain the vital economic benefits that our operations provide. That makes a lot of sense. And in that sort of world, where in the market and what sort of applications would you see aluminum substitution? And our last question is a follow-up from Lucas Pipes with B. Riley Securities. After submitting your request, you will receive an activation email to the requested email address. Please go ahead. So it is significantly better, but still significantly higher priced than it was prior to the invasion in Ukraine. But as we look at it today, we think 1Q 2024 is our best estimate for when we can see the last of those impacts, but well keep you updated as we progress. New 36-Month Apitegromab Extension Data Reinforce Long-Term Substantial and Sustained Improvement U.S. Bancorp Releases 2023 Dodd-Frank Act Stress Test Results, Canagold Files NI 43-101 Technical Report for New Polaris Mineral Resource Estimate. +1 (877) 344-7529 (Domestic), To access the replay using an international dial-in number, please select this link: https://services.choruscall.com/ccforms/replay.html. I would. Gear advertisements and other marketing efforts towards your interests. Please go ahead. By providing your email address, you are providing consent to Alcoa to send you the requested Investor Email Alert updates. We seem to be successfully pass that, at least for now. It takes about one quarter to do the detailed planning to move from one grade to the next. Discover Financial Services Announces Transition of USD LIBOR-based Securities to Term SOFR and MariaDB Receives NYSE Continued Listing Standards Notice. The press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com . And if they do decide to accept that referral, what is the practical implication of that? Its just not sensible that were seeing curtailments to the rest of the world while Russia continues to operate at full capacity. Finally, as previously announced, the earnings release and slide presentation are available on our website. At our Kwinana refinery, we made the decision to keep 1 of 5 digesters curtailed. [Operator Instructions] Please note, this event is being recorded. Carlos, first, on the $55 million guidance, that is applying to the second quarter, we do see opportunities to work on cost to reduce that. The -- so we didnt specifically mention the third party, but its a local NGO. Coming into this year, were continuing to see strength. Alumar also includes a co-located alumina refinery. Our EcoSource product has its greenhouse gas calculations verified by a third party, and we can deliver from a global refinery portfolio that has an average emissions intensity that is half the industry average. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Based on recent pricing, the Company expects second quarter 23 operational tax expense to approximate $30 million to $40 million. Jim.Beck@alcoa.com, Alcoa Schedules Second Quarter 2022 Earnings Release and Conference Call, https:/investors.alcoa.com/events-and-presentations/. Then Ill highlight some potential implications and a few commercial developments specific to Alcoa. First Quarter 2023 Earnings Presentation and Conference Call Wednesday, April 19, 2023, 5:00 PM Eastern CORPORATE PARTICIPANTS Roy Harvey-President and Chief Executive Officer Molly Beerman-Executive Vice President and Chief Financial Officer James Dwyer-Vice President, Investor Relations and Pension Investments And to be quite honest, were putting a lot of effort into making the San Ciprin smelter a competitive smelter for the long term. Second, we strive to drive returns through margin-focused growth by a purposefully allocated capital and differentiated value-add products. It doubled. Replay Access Code: 6008876 or in the Events section of our website. Now that bauxite is again being delivered to the refinery, we are building back the on-site inventory and gradually ramping up production. So, weve now got that sort of back on the road, were essentially where we expected to be on the restart in the last time we reported at the end of Q4. In Brazil, we are continuing with the restart of the Alumar smelter, which is now producing at approximately 60% of capacity and continues to accelerate production. Foundry, slab and rod markets remained strong, while billet demand is soft in Europe and North America. Yes. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. I do want to call out the list of smelter in Norway. These products and services are usually sold through license agreements or subscriptions. Alcoa Schedules Fourth Quarter and Full Year 2021 Earnings Release and Please. And so, as that demand grows, as some of that substitution happens, theres just not a clear, a clear place where that new demand is going to come in. Meanwhile, in China, the supply situation could potentially move the world market into a deficit. While sequentially higher adjusted EBITDA increased cash flow potential, our typical first quarter working capital build offset those gains. And I also want to thank Molly for joining me for her first earnings call. We know the future will bring even more importance to our products across the aluminum value chain as the world works to decarbonize. Were essentially running at 50% capacity. I think the key here in Western Australia is that were still in the midst of discussions with our -- with the Western Australian government. PITTSBURGH-- (BUSINESS WIRE)-- Alcoa Corporation plans to announce its second quarter 2022 financial results on Wednesday, July 20, 2022 after the close of trading on the New York Stock Exchange. No matter where we operate, we strive to ensure that our employees, contractors and visitors remain safe at our locations. Accenture to Acquire SKS Group, Strengthening its SAP and Regulatory Capabilities for Banking Teleperformance Announces Proposed Acquisition of Majorel, STORE Capital to be Acquired by GIC and Oak Street in $14 Billion Transaction. The next question comes from Alex Hacking with Citi. We dont have the number handy between the quarters before. And so, like Molly said, the expectation is that we can learn and we can improve upon the operating efficiencies every quarter. A link to the press release will also be on Alcoa's . A link to the press release will also be on Alcoas Twitter handle @Alcoa at www.twitter.com/Alcoa. You will recall 1 line was curtailed last year due to exorbitant spot energy prices. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section. As you can imagine, our practices have improved year after year. Thats some observation. Finally, I want to highlight the news about our Sustana family of low-carbon products comprised of EcoSource alumina, EcoLum aluminum and EcoDura aluminum with recycled content. The company pulled off better-than-expected results in the last four quarters, the. Alcoa (AA) 1st Quarter Earnings: What to Expect | Nasdaq

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