UPDATE: Arconic (ARNC) Tops Q4 EPS by 3c, Revenues Beat; FY19 EPS/Revenue Mid-Point Views Above Consensus & Announces Spin-Off, Potential Sale of Non-Core Units, Expects Dividend Cut

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Go back to UPDATE: Arconic (ARNC) Tops Q4 EPS by 3c, Revenues Beat; FY19 EPS/Revenue Mid-Point Views Above Consensus & Announces Spin-Off, Potential Sale of Non-Core Units, Expects Dividend Cut

Arconic Reports Fourth Quarter 2018 and Full Year 2018 Results; Announces Update to Strategy and Portfolio Review

February 8, 2019 8:00 AM EST

Fourth Quarter 2018 Highlights

Revenue of $3.5 billion, up 6% year over year; organic revenue1 up 10% year over year Net income of $218 million, or $0.44 per share, versus net loss of $727 million, or $1.51 per share, in 4Q 2017 Net income excluding special items of $162 million, or $0.33 per share, versus $152 million, or $0.31 per share, in 4Q 2017 In the fourth quarter, cash provided from operations of $426 million, cash used for financing activities of $40 million, and cash provided from investing activities of $354 million Adjusted Free Cash Flow in the fourth quarter... More