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Alcoa Corporation - AA STOCK NEWS

Welcome to our dedicated page for Alcoa Corporation news (Ticker: AA), a resource for investors and traders seeking the latest updates and insights on Alcoa Corporation stock.

Alcoa Corporation (NYSE: AA) is a global leader in the production and management of bauxite, alumina, and aluminum products. Established nearly 130 years ago, Alcoa has been a forerunner in the aluminum industry, continually innovating to make aluminum an affordable and essential part of modern life. The company operates in three segments: Bauxite, Alumina, and Aluminum, with the majority of revenue generated from the Aluminum segment. Alcoa is committed to sustainability, efficiency, and community strength, leveraging its substantial energy assets and extensive portfolio of value-added cast and rolled products. Recent initiatives include the curtailment of its Kwinana Alumina Refinery in Australia, the acquisition of Alumina Limited, and continued advancements in its ELYSIS™ technology, which aims to produce aluminum with zero direct greenhouse gas emissions.

Alcoa's business operations span the entire aluminum value chain, from bauxite mining and alumina refining to the production of primary aluminum. The company has a strong presence in both the U.S. and global markets, with significant contributions from its operations in Australia, Brazil, and Europe. Financially, Alcoa has shown resilience, adapting to market conditions and focusing on long-term profitability and shareholder value. The company's partnerships, including those with ELYSIS™ and Nexans, emphasize its commitment to sustainability and innovation in the aluminum industry. Alcoa's forward-looking strategies are geared towards enhancing operational efficiency, reducing environmental impact, and driving technological advancements.

News

Alcoa Corporation Reports Third Quarter 2023 Results

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Alcoa Corporation reports third quarter 2023 results with increased shipments and improved cash generation despite lower prices for alumina and aluminum.
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Alcoa Corporation Declares Quarterly Cash Dividend

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Alcoa Corporation declares quarterly cash dividend of $0.10 per share
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Alcoa Schedules Third Quarter 2023 Earnings Release and Conference Call

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Alcoa Corporation will announce its Q3 2023 financial results on October 18. The press release and presentation will be available on Alcoa's website. A conference call to discuss the results will be webcast live. Replay information will also be available.
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Alcoa Announces Leadership Transition

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William F. Oplinger appointed President and CEO of Alcoa Corporation, Roy C. Harvey becomes Strategic Advisor to CEO
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Alcoa’s Executive Vice President and Chief Financial Officer to Participate in Morgan Stanley 11th Annual Laguna Conference

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Alcoa CFO to participate in Morgan Stanley conference, discussing business outlook and financial results
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Alcoa Corporation Declares Quarterly Cash Dividend

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Alcoa Corporation (NYSE: AA) has declared a quarterly cash dividend of $0.10 per share of common stock. The dividend will be paid on August 24, 2023, to stockholders of record as of August 8, 2023.
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Alcoa announces new Chief Commercial Officer

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Alcoa Corporation (NYSE: AA) has named Renato Bacchi as Executive Vice President and Chief Commercial Officer, effective August 1, 2023. Bacchi will lead the Company’s sales and trading, marketing, supply chain, commercial operations, procurement, and transportation. He will continue to supervise Alcoa’s global energy assets and oversee Alcoa’s breakthrough technology programs. The current Chief Commercial Officer, Kelly Thomas, will leave to pursue a career opportunity outside of Alcoa. Alcoa President and CEO Roy Harvey expressed confidence in Bacchi's strategic view of global energy markets and focus on the long-term vision to reinvent the aluminum industry through research and development programs.
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Alcoa Corporation Reports Second Quarter 2023 Results

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Alcoa Corporation reported Q2 2023 results with generated revenue of $2.68 billion, a net loss of $102 million, and adjusted EBITDA of $137 million. The company completed a pension annuity transaction and signed a new multi-year agreement. Alumina and aluminum shipments increased, but average realized prices decreased.
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Alcoa Schedules Second Quarter 2023 Earnings Release and Conference Call

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Alcoa’s 2022 Sustainability Report Highlights ESG Progress

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FAQ

What is the current stock price of Alcoa Corporation (AA)?

The current stock price of Alcoa Corporation (AA) is $45.47 as of November 22, 2024.

What is the market cap of Alcoa Corporation (AA)?

The market cap of Alcoa Corporation (AA) is approximately 11.8B.

What are Alcoa Corporation's main business segments?

Alcoa operates in three main segments: Bauxite, Alumina, and Aluminum, with the Aluminum segment generating the majority of its revenue.

What recent initiatives has Alcoa undertaken?

Recent initiatives include the curtailment of the Kwinana Alumina Refinery in Australia, the acquisition of Alumina Limited, and advancements in ELYSIS™ technology for zero-emission aluminum production.

What is ELYSIS™ technology?

ELYSIS™ is a groundbreaking technology developed by Alcoa and Rio Tinto that aims to eliminate all direct greenhouse gas emissions from the aluminum smelting process, instead emitting oxygen.

How does Alcoa contribute to sustainability?

Alcoa focuses on sustainability by innovating in low-carbon aluminum production, efficiently managing energy assets, and participating in partnerships like ELYSIS™ to reduce environmental impact.

Where does Alcoa generate most of its revenue?

Alcoa generates the majority of its revenue from the Aluminum segment, with significant contributions from its operations in the United States.

What is Alcoa's approach to community engagement?

Alcoa is committed to building stronger communities through responsible operations, continuous innovation, and sustainable practices that prioritize safety and environmental stewardship.

Why is Alcoa curtailing its Kwinana Alumina Refinery?

Alcoa decided to curtail the Kwinana Alumina Refinery due to factors including its age, scale, operating costs, and current market conditions.

What financial strategies does Alcoa employ?

Alcoa focuses on long-term profitability and shareholder value, adapting to market conditions, and making strategic investments in technology and sustainability.

Who are Alcoa's major partners?

Alcoa's major partners include Rio Tinto in the ELYSIS™ technology partnership and Nexans for supplying low-carbon aluminum rod.

How does Alcoa plan to enhance its operational efficiency?

Alcoa plans to enhance operational efficiency through productivity programs, technological advancements, and strategic initiatives like the acquisition of Alumina Limited.

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Alcoa Corporation

NYSE:AA

AA Rankings

#783 Ranked by Market Cap
#1856 Ranked by Dividends

AA Stock Data

11.77B
256.40M
0.76%
69.51%
3.4%
Aluminum
Primary Production of Aluminum
Link
United States of America
PITTSBURGH