Welcome to our dedicated page for Arconic news (Ticker: ARNC), a resource for investors and traders seeking the latest updates and insights on Arconic stock.
Arconic Corporation (NYSE: ARNC) delivers cutting-edge aluminum solutions for aerospace, automotive, and energy sectors. This dedicated news hub provides investors and industry professionals with essential updates on the company's technological advancements and market position.
Access real-time information about product innovations, strategic partnerships, and financial developments shaping Arconic's role in advanced materials engineering. Our curated collection features official press releases and verified news covering key areas including:
• Aerospace component breakthroughs
• Automotive lightweighting initiatives
• Sustainable manufacturing updates
• Financial performance reports
For stakeholders tracking material science advancements and industrial applications, this resource offers timely updates on ARNC's contributions to energy-efficient transportation and next-generation infrastructure solutions. Bookmark this page to maintain informed perspectives on critical developments affecting the advanced materials sector.
Arconic Corporation (NYSE: ARNC) reported a fourth-quarter 2022 revenue of $1.9 billion, a 9% year-over-year decline, though up 2% organically. The company faced a net loss of $273 million ($2.70 per share), significantly higher than a $38 million loss in Q4 2021, partly due to a $304 million after-tax loss from divested Russian operations. For the full year, Arconic's revenue rose 19% to $9.0 billion, with a net loss of $182 million ($1.75 per share), improving from a $397 million loss in 2021. Adjusted EBITDA was $706 million for 2022. The company expects 2023 revenues between $8.0 billion and $8.5 billion.
