secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001157523-23-001109
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000115752323001109/0001157523-23-001109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000115752323001109/a53454342.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001109

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