Welcome to our dedicated page for Arconic Corporation news (Ticker: ARNC), a resource for investors and traders seeking the latest updates and insights on Arconic Corporation stock.
Arconic Corporation (symbol: ARNC) is a leading provider of advanced material solutions that address engineering's toughest challenges. With a rich history spanning over a century, Arconic combines innovation and technology to transform the aerospace, automotive, building, and energy industries. The company's core business revolves around the development and manufacturing of high-performance aluminum products used in critical applications worldwide.
Arconic's product portfolio includes rolled aluminum sheets, plates, and extrusions, which are integral to modern aircraft, automobiles, and industrial structures. These advanced materials are designed to enhance performance, reduce weight, and improve energy efficiency, making them indispensable in today's engineering landscape.
One of the company's significant achievements includes pioneering lightweight materials that contribute to fuel efficiency in the aerospace and automotive sectors. Arconic's commitment to sustainability and innovation is evident in its ongoing projects and partnerships aimed at reducing carbon emissions and promoting renewable energy sources.
Financially, Arconic has shown resilience and adaptability, navigating market fluctuations with strategic investments and cost-management initiatives. The company's robust financial health is supported by a diverse customer base and long-term contracts with industry giants.
Recent projects include collaborations with major automotive manufacturers to develop next-generation electric vehicles and partnerships with leading aerospace companies to create more efficient aircraft components. These ventures underline Arconic's role as a crucial player in shaping the future of transportation and infrastructure.
Stay updated with Arconic's progress as it continues to innovate and drive advancements across multiple sectors. Our advanced materials and technologies are set to transform entire industries, from the way we fly and drive to how we build and power our world.
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.
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