---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-045115"
form_type: "8-K"
ticker: "AA"
cik: "0001675149"
company_name: "Alcoa Corp"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:43:45.607882+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Alcoa Q1 revenue $2.6B, net loss $252M; Alumina Ltd acquisition; $100M cost savings target

## Summary
- Revenue $2,599M flat QoQ; net loss $(252)M ($1.41/sh); adjusted net loss $(145)M ($0.81/sh).
- Entered binding all-stock agreement to acquire Alumina Limited; expects to close subject to approvals.
- Initiated process for potential sale of San Ciprián complex; bid process by June 2024.
- Launched productivity program targeting ~$100M operating cost run-rate savings by Q1 2025.
- Issued $750M green bonds at 7.125% due 2031; cash balance $1.4B includes net proceeds.

## SEC filing metadata
- accession: 0000950170-24-045115
- form_type: 8-K
- ticker: AA
- cik: 0001675149
- company_name: Alcoa Corp
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675149/000095017024045115/0000950170-24-045115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675149/000095017024045115/aa-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-045115
- JSON: https://secwatch.observer/filing/0000950170-24-045115.json
- Plain text: https://secwatch.observer/filing/0000950170-24-045115.txt

## Key facts
- Earnings Releases
  Alcoa Corp reported first quarter 2024 results: revenue $2,599, net income $(252), EPS $(1.41).
  - Period: first quarter 2024
  - Revenue: $2,599
  - Net income: $(252)
  - EPS: $(1.41)
  - Result: reported results
  source text: Alcoa Corporation Reports First Quarter 2024 Results PITTSBURGH--(BUSINESS WIRE)--April 17, 2024--Alcoa Corporation (NYSE: AA) today reported results for the first quarter 2024, a period that included the announced acquisition of Alumina Limited and continued action on near-term improvements. Financial Results and Highlights M, except per share amounts 1Q24 4Q23 1Q23 Revenue $2,599 $2,595 $2,670 Net loss attributable to Alcoa Corporation $(252) $(150) $(231) Loss per share attributable to Alcoa Corporation $(1.41) $(0.84) $(1.30)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675149/000095017024045115/0000950170-24-045115-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.