secwatch.observer — SEC 8-K summary
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Issuer:     Novelis Inc. (—)
CIK:        0001304280
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001304280-24-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1304280/000130428024000020/0001304280-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1304280/000130428024000020/nvl-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001304280-24-000020

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