Alcoa (AA) Misses Q3 EPS by 40c

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Go back to Alcoa (AA) Misses Q3 EPS by 40c

Alcoa Corporation Reports Third Quarter 2020 Results: Strong operating and safety performance with continued stability Executing well on strategic actions and initiatives, enhancing liquidity

October 14, 2020 4:10 PM EDT

PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) today reported third quarter 2020 results that reflect improved pricing for alumina and aluminum, continued operational excellence during the pandemic, and a strong cash position.

Third Quarter Highlights

Generated $158 million in cash from operations; $84 million free cash flow Set new production records for Alcoa operated mines and refineries Grew cash balance to $1.74 billion, including the proceeds from a $750 million debt issuance Realized an 11 percent sequential increase in sales volume of value-add products due to improving customer demand in... More