Novelis Q4 net income $166M (+6% YoY); Adj. EBITDA $514M (+28%)

Novelis Inc.

Q4 net sales $4.1B (-7% YoY) on lower aluminum prices; shipments 951 kt (+2%).
Full-year net income $600M (-9%); Adj. EBITDA $1.9B (+3%) on $16.2B sales (-12%).
Full-year free cash flow -$75M vs +$431M prior year; capex $1.4B (+73% YoY).
Net leverage ratio 2.3x; liquidity $2.3B ($1.3B cash + $1.0B credit facilities).
Recycled content rose to 63% (vs 61% FY2023); beverage packaging shipments recovering.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Novelis Inc. reported fiscal year 2024 results: revenue $16.2 billion, net income $600 million.

Period: fiscal year 2024
Revenue: $16.2 billion
Net income: $600 million
Result: reported results

Exact text from the filing

Net sales decreased 12% to $16.2 billion in fiscal year 2024

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Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Novelis Inc. reported the fourth quarter of fiscal year 2024 results: revenue $4.1 billion, net income $166 million.

Period: the fourth quarter of fiscal year 2024
Revenue: $4.1 billion
Net income: $166 million
Result: reported results

Exact text from the filing

Net sales decreased 7% versus the prior year period to $4.1 billion for the fourth quarter of fiscal year 2024

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Source: SEC EDGAR

accession 0001304280-24-000020

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