secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2024-07-10T23:59:59+00:00
Accession:  0000950170-24-082696
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa reports preliminary Q2 net income $5-$25M vs Q1 loss $252M; EBITDA $310-$330M
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- Revenue expected $2,850-$2,925M, up from $2,599M in Q1 2024, on higher alumina and aluminum prices.
- Adjusted net income $15-$35M ($0.08-$0.19 per share) vs Q1 adjusted loss of $145M ($0.81 loss per share).
- Alumina segment EBITDA $180-$190M; Aluminum segment EBITDA $230-$240M, both sequentially higher.
- Cash balance ~$1.4B at June 30; acquisition of Alumina Limited on track to close on or about August 1, 2024.
- Kwinana refinery fully curtailed in June 2024; San Ciprián funding expected exhausted by end of 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000095017024082696/0000950170-24-082696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000095017024082696/aa-20240710.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-082696

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