earnings
confidence high
sentiment neutral
materiality 0.70
Alcoa Q3 net income $232M but adjusted loss $0.02/share; Kwinana closure charge $895M
Alcoa Corp
2025-Q3 EPS
reported $3.57
vs consensus -$0.21
▲ beat
(+1781.6%)
- Revenue $3.0B (flat); net income $232M ($0.88 EPS) includes $895M restructuring charge for Kwinana closure and $786M gain on Ma'aden JV sale.
- Adjusted net loss $6M ($0.02/share); adjusted EBITDA $270M down $43M sequentially due to tariffs, asset retirement costs, currency.
- Alumina production up 4% to 2.5M tonnes; aluminum production up 1% to 579K tonnes; cash balance $1.5B.
- Massena smelter gets long-term energy contract with NYPA and $60M capital investment; gallium plant at Wagerup advances with govt support.
- Kwinana refinery permanently closed; term loan fully repaid ($74M); Australia mine approvals expected by end of 2026.