Arconic (ARNC) Tops Q1 EPS by 19c, Raises FY Guidance
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Arconic Reports First Quarter 2021 Results and Raises Outlook
May 4, 2021 6:45 AM EDTFirst Quarter 2021 Highlights
Sales of $1.7 billion, up 4% year over year, and up 15% from prior quarter Net income of $52 million, or $0.46 per share, compared with $46 million, or $0.42 per share, in first quarter 2020 Adjusted EBITDA of $179 million, down 12% year over year, up 19% from prior quarter, and Adjusted EBITDA margin of 10.7% Significant contract wins: Secured long-term contracts representing more than $2 billion in aerospace revenue Negotiated agreements representing approximately $1.5 billion in North American packaging revenue from 2022-2024Post-Quarter Highlights
Completed $1 billion U.S. pension partial... More