Alcoa Q2 net loss $102M; revenue $2.68B flat; adjusted EBITDA $137M down 57% QoQ

Alcoa Corp

2023-Q2 EPS reported -$1.87 revenue$5,354,000,000

Revenue $2.684B, up 1% QoQ; net loss $102M ($0.57 loss per share) vs prior Q loss $231M.
Adjusted EBITDA ex-special items $137M, down $103M sequentially on higher costs and lower aluminum pricing.
Cash balance $1.0B; free cash flow negative $128M; quarterly dividend $0.10/share maintained.
Alumina shipments up 11% QoQ; aluminum production up 1% to 523k metric tons.
Executed 8-year alumina supply agreement with Emirates Global Aluminium for up to 15.6M metric tons.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Alcoa Corp reported second quarter 2023 results: revenue $2.68 billion, net income $102 million loss, EPS $0.57 per share loss.

Period: second quarter 2023
Revenue: $2.68 billion
Net income: $102 million loss
EPS: $0.57 per share loss
Result: reported results

Exact text from the filing

Second Quarter Generated revenue of $2.68 billion Posted Net loss attributable to Alcoa of $102 million, or $0.57 per share

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Source: SEC EDGAR

accession 0001157523-23-001109

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