secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0000950170-24-084275
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa reports Q2 net income of $20M; revenue up 12% sequentially; Alumina acquisition to close Aug 1
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- Revenue $2,906M, up 12% sequentially; net income $20M ($0.11 EPS) vs. Q1 loss of $252M.
- Adjusted net income $30M ($0.16 EPS); Adjusted EBITDA excluding special items $325M vs. $132M in Q1.
- Alumina production down 5% to 2.53M tonnes due to Kwinana full curtailment; aluminium output up for 7th straight quarter.
- Alumina Limited acquisition expected to close on/about August 1, 2024; all regulatory approvals received.
- Quarterly cash dividend maintained at $0.10/share; cash balance $1.4B; free cash flow $123M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000095017024084275/0000950170-24-084275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000095017024084275/aa-20240717.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-084275

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