Arconic (ARNC) Misses Q4 EPS by 91c
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Arconic Reports Fourth Quarter 2020 and Full Year 2020 Results
February 23, 2021 6:45 AM ESTFourth Quarter 2020 Highlights
Sales of $1.5 billion, up 3% from prior quarter, down 14% year over year Net loss of $64 million, or $0.59 per share, compared to net income of $168 million, or $1.54 per share, in fourth quarter 2019. The fourth quarter 2020 includes an after-tax charge of $108 million related to a partial annuitization of the Companys U.S. pension obligations. Adjusted EBITDA of $151 million and Adjusted EBITDA margin of 10.3% Cash used for operations was $12 million and capital expenditures were $37 million Quarter-end cash balance of $787 million, debt of $1.3 billion, and net debt of $504... More