Arconic (ARNC) Misses Q3 EPS by 9c
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Arconic Reports Third Quarter 2020 Results
November 5, 2020 6:45 AM ESTThird Quarter 2020 Key Results
Sales of $1.4 billion, up 19% from prior quarter, down 22% year over year Net income of $5 million, or $0.05 per share, compared to a net loss of $24 million, or $0.22 per share, in third quarter 2019 Adjusted EBITDA of $165 million (refer to Changes in Inventory Accounting and Adjusted EBITDA Measures below for the impacts in the quarter) Adjusted EBITDA margin of 11.7% Cash provided from operations of $240 million and capital expenditures of $39 million Quarter-end cash balance of $802 million, debt of $1.3 billion, and net debt of $480 millionPITTSBURGH--(BUSINESS... More
