Alcoa (AA) Tops Q1 EPS by 29c

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Go back to Alcoa (AA) Tops Q1 EPS by 29c

1Q22: Alcoa Posts Strong Quarterly Results Supported by Robust Aluminum Pricing

April 20, 2022 4:10 PM EDT

PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) today reported first quarter 2022 financial results that included quarterly records for net income, adjusted net income and Adjusted EBITDA excluding special items.

First Quarter Highlights

Net income increased sequentially to $469 million, or $2.49 per share Adjusted net income increased 21 percent sequentially to $577 million, or $3.06 per share Adjusted EBITDA excluding special items increased 20 percent sequentially to $1,072 million Repurchased $75 million shares of common stock and paid $18 million in cash dividends Finished the quarter with a cash... More