secwatch.observer — SEC 8-K summary
======================================

Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0000950170-25-007765
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa Q4 net income $202M, adj EPS $1.04; FY24 revenue $11.9B, EBITDA $1.6B
---------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000095017025007765/0000950170-25-007765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000095017025007765/aa-20250122.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-007765

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer