Alcoa (AA) Misses Q3 EPS by 5c, Sales Beat; Raises Adj-EBITDA Outlook

Alcoa (NYSE: AA) reported Q3 EPS of $0.72, $0.05 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $3.08 billion versus the consensus estimate of $2.96 billion.

• Net income of $113 million, or $0.60 per share
• Excluding special items, adjusted net income of $135 million, or $0.72 per share
• $561 million of adjusted earnings before interest, tax, depreciation and amortization (EBITDA) excluding special items, up 16 percent sequentially, on improved aluminum pricing and higher aluminum and bauxite shipments
• Revenue of $3.0 billion, up 4 percent sequentially, driven primarily by improved aluminum pricing, higher aluminum shipments and increased energy sales
• $1.1 billion cash balance and $1.4 billion of debt, for net debt of $0.3 billion, as of September 30, 2017
• Company raised its 2017 outlook for adjusted EBITDA excluding special items to approximately $2.4 billion

For earnings history and earnings-related data on Alcoa (AA) click here.

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