secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001157523-23-000580
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa Q1 net loss $231M, adjusted EBITDA $240M; Intalco closure, San Ciprián restart plans
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- Revenue $2.7B, flat sequentially; net loss $231M ($1.30/shr) vs $395M loss in Q4 2022.
- Adjusted EBITDA ex special items $240M, up $211M sequentially on higher aluminum/alumina prices.
- Permanently closing Intalco smelter (Wash.) with $117M charge; San Ciprián restart planned Jan 2024.
- Cash balance $1.1B; free cash flow negative $246M; quarterly dividend $0.10/shr maintained.
- 2023 shipments unchanged: alumina 12.7–12.9M mt, aluminum 2.5–2.6M mt; Q2 alumina EBITDA to fall ~$55M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000115752323000580/0001157523-23-000580-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000115752323000580/a53380791.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000580

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