Arconic (ARNC) Reports Q2 Loss Per Share of $0.84
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Arconic Reports Second Quarter 2020 Results
August 4, 2020 6:45 AM EDTSecond Quarter 2020 Key Results
Sales of $1.2 billion, down 38% year over year Net loss of $92 million, or $0.84 per share due primarily to special items, compared to net income of $5 million, or $0.04 per share in second quarter 2019 Adjusted EBITDA of $94 million, down 55% year over year Quarter-end cash balance of $595 million, debt of $1.3 billion, and net debt of $681 million Cash provided from operations of $30 million and capital expenditures of $21 million Strengthened liquidity and capital structure by recapitalizing debt structure Increased previously announced cash conservation actions by $50 million to $250... More