Alcoa (AA) Tops Q2 EPS by 2c
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Go back to Alcoa (AA) Tops Q2 EPS by 2c
July 19, 2017 4:10 PM EDT
Cash balance over $950 million, up $150 million sequentially
PITTSBURGH--(BUSINESS WIRE)--
Alcoa Corporation (NYSE: AA):
2Q 2017 Results1
Net income of $75 million, or $0.40 per share
Excluding special items, adjusted net income of $116 million, or $0.62
per share
Adjusted earnings before interest, tax, depreciation, and amortization
(EBITDA), excluding special items, of $483 million, down 9 percent
sequentially on lower alumina prices
Revenue of $2.9 billion, up 8 percent sequentially, on higher shipments
$954 million cash balance and $1.4 billion of debt for net debt of
$0.5 billion as of June 30, 2017
Company tightened its 2017 outlook for adjusted EBITDA, excluding
special items, to $2.1 billion to $2.2 billion2
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