secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001157523-23-001837
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa expects $35-40M after-tax benefit from Section 45X credit; $140-150M Brazil tax charge in Q4 2023
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- Expects $35-40M after-tax benefit ($0.20-0.22/sh) from Section 45X credit for Massena and Warrick smelters.
- Records $140-150M charge from Brazil deferred tax asset valuation allowance ($0.78-0.84/sh).
- Discrete ~$100M of Brazil charge yields net loss $40-50M; adj. loss/sh $0.22-0.28.
- Company intends to submit comments to Treasury on production cost definition in the Notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000115752323001837/0001157523-23-001837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000115752323001837/a53872737.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001837

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