secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0000950170-25-054726
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa Q1 net income $548M; adjusted EBITDA $855M; debt repositioning & JV signed
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- Net income $548M ($2.07 EPS) vs $202M in Q4 2024; adjusted net income $568M ($2.15 EPS).
- Revenue $3.37B, down 3% sequentially; alumina shipments down 8%, aluminum shipments down 5%.
- Adjusted EBITDA ex-special items $855M, up 26% sequentially, driven by higher aluminum prices.
- Incurred $20M in U.S. Section 232 tariffs on Canadian aluminum imports; actively engaging policymakers.
- Completed $1B notes issuance (6.125%-6.375% due 2030/32) and tendered $890M of existing debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000095017025054726/0000950170-25-054726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000095017025054726/aa-20250416.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-054726

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