Alcoa (AA) Tops Q2 EPS by 10c
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2Q22: Alcoa Posts Strong Financial Results, Provides Returns to Stockholders
July 20, 2022 4:10 PM EDTPITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) today reported second quarter 2022 financial results that included an 11 percent sequential increase in revenue and strong cash flow that enabled stock buybacks and the payment of cash dividends.
Second Quarter Highlights
Revenue increased sequentially to $3.6 billion, primarily due to improved shipments and higher pricing Net income increased sequentially to $549 million, or $2.95 per share Adjusted net income of $496 million, or $2.67 per share Adjusted EBITDA excluding special items of $913 million Cash balance of $1.6 billion at quarter... More