Arconic (ARNC) Misses Q3 EPS, Revenues In-Line; Guides Revenues Lowers
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Arconic Reports Third Quarter 2022 Results
November 1, 2022 6:45 AM EDTThird Quarter 2022 Highlights
Sales of $2.3 billion, up 21% year over year, down 11% from prior quarter Net loss of $65 million, or $0.64 per share, compared with net income of $16 million, or $0.15 per share, in 3Q 2021. Third quarter 2022 includes an after-tax, non-cash asset impairment charge of $70 million related to the Extrusions segment business review Adjusted EBITDA of $143 million, down 16% year over year Cash provided from operations of $91 millionPITTSBURGH--(BUSINESS WIRE)-- Arconic Corporation (NYSE: ARNC) (Arconic or the Company) today reported third quarter 2022 results. Revenue was $2.3... More
