Arconic (ARNC) Misses Q1 EPS by 7c
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Arconic Reports First Quarter 2022 Results and Raises Outlook
May 3, 2022 6:45 AM EDTFirst Quarter 2022 Highlights
Sales of $2.2 billion, up 31% year over year, up 2% from prior quarter Net income of $42 million, or $0.39 per share, compared with $52 million, or $0.46 per share, in 1Q 2021 Adjusted EBITDA of $205 million, up 15% year over year, and up 17% from prior quarter, best for Arconic Corporation since separation Raising 2022 revenue and Adjusted EBITDA guidancePITTSBURGH--(BUSINESS WIRE)-- Arconic Corporation (NYSE: ARNC) (Arconic or the Company) today reported first quarter 2022 results. Revenue was $2.2 billion, up 2% from the prior quarter, primarily due to... More
