{"schema_version":"secwatch.filing_event.v1","accession":"0001304280-26-000016","form_type":"8-K","ticker":null,"cik":"0001304280","company_name":"Novelis Inc.","filed_at":"2026-05-19T10:04:45+00:00","discovered_at":"2026-05-19T10:10:00.240380+00:00","generated_at":"2026-05-19T10:10:30.308972+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Novelis Q4 net loss $84M; Oswego fires hit shipments by 73kt; restart ahead of schedule","bullets":["Q4 net loss $84M vs net income $294M prior year; net income excl. special items $227M, down 13% YoY.","Adjusted EBITDA $459M (-3% YoY); rolled product shipments 844kt (-12% YoY); Adjusted EBITDA/tonne $544 (+10% YoY).","Full FY2026 net income $15M (-98% YoY); Adjusted EBITDA $1.6B (-9% YoY); estimated $104M negative impact from Oswego fires.","Oswego hot mill restart expected in coming weeks, ahead of prior end-June estimate; cold mill commissioning began at Bay Minette.","Net leverage ratio 4.1x; liquidity $2.8B ($1.3B cash + $1.5B credit facilities); CFO sees path to positive free cash flow by end FY2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001304280-26-000016","json":"https://secwatch.observer/filing/0001304280-26-000016.json","markdown":"https://secwatch.observer/filing/0001304280-26-000016.md","text":"https://secwatch.observer/filing/0001304280-26-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1304280/000130428026000016/0001304280-26-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1304280/000130428026000016/nvl-20260519.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T10:10:30.308972+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a19f38790ecfbc8087fa52b49a761fc516f67255","claim":"Novelis Inc. reported fourth quarter of fiscal year 2026 results: net income Net loss attributable to our common shareholder was $84 million.","evidence_excerpt":"Novelis Inc. issued a press release reporting the company’s financial results for its fiscal year ended March 31, 2026","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1304280/000130428026000016/0001304280-26-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of fiscal year 2026"},{"label":"Net income","value":"Net loss attributable to our common shareholder was $84 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f8f30e7888fe008bd1c50768af0dbd7ccc0e6381","claim":"Novelis Inc. reported full fiscal year 2026 results: net income Net income attributable to our common shareholder of $15 million, down 98% YoY.","evidence_excerpt":"Novelis Inc. issued a press release reporting the company’s financial results for its fiscal year ended March 31, 2026","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1304280/000130428026000016/0001304280-26-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full fiscal year 2026"},{"label":"Net income","value":"Net income attributable to our common shareholder of $15 million, down 98% YoY"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}