secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2025-07-16T23:59:59+00:00
Accession:  0000950170-25-096260
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa Q2 net income $164M ($0.62 EPS) on revenue $3.0B; adj. EBITDA $313M down from $855M prior Q
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- Revenue $3.0B down 10% sequentially; net income $164M ($0.62 EPS) vs $548M ($2.07) in Q1.
- Adjusted EBITDA ex-special items $313M vs $855M in Q1; tariff costs ~$115M on Canadian imports.
- Completed sale of 25.1% Ma'aden JV interest for $1.35B (shares + cash); expected Q3 gain ~$780M.
- Australian tax dispute settled favorably; refund of $69M received; cash taxes $225M payable by June 2026.
- San Ciprián smelter restart resumed, completion mid-2026; expected 2025 net loss $90-110M, cash use $110-130M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000095017025096260/0000950170-25-096260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000095017025096260/aa-20250716.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-096260

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