earnings
confidence high
sentiment positive
materiality 0.80
Alcoa Q4 net income $202M, adj EPS $1.04; FY24 revenue $11.9B, EBITDA $1.6B
Alcoa Corp
2024-FY EPS reported
$0.26
revenue$11,895,000,000
- Q4 revenue $3,486M (+20% QoQ), net income $202M (+124% QoQ), diluted EPS $0.76; adjusted EPS $1.04.
- FY24 revenue $11,895M (+13% YoY), net income $60M vs FY23 loss $651M; adjusted EBITDA $1,589M (+196%).
- Alumina production 2.39M mt (-2% QoQ); aluminum production 571K mt (+2% QoQ); third-party alumina shipments +12%.
- MoU signed for San Ciprián complex with Spanish government and IGNIS EQT; profitability program exceeded $645M target with $675M improvements.
- Cash balance $1.1B; green bond net proceeds $737M; repaid $385M Alumina Limited debt; quarterly dividend $0.10/sh.