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Alcoa Corporation Reports Second Quarter 2019 Results

Nachrichtenquelle: Business Wire (engl.)
17.07.2019, 22:10  |  1845   |   |   

Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, today reported second quarter 2019 results that include several actions to improve the Aluminum segment’s portfolio and further strengthen the Company.


M, except per share amounts

2Q181

1Q19

2Q19

 

 

Revenue

$3,579

$2,719

$2,711

 

 

Net income (loss) attributable to Alcoa Corporation

$10

$(199)

$(402)

 

 

Earnings (loss) per share attributable to Alcoa Corporation

$0.05

$(1.07)

$(2.17)

 

 

Adjusted net income (loss)

$221

$(43)

$(2)

 

 

Adjusted earnings (loss) per share

$1.17

$(0.23)

$(0.01)

 

 

Adjusted EBITDA excluding special items

$783

$467

$455

 

 

1

As of January 1, 2019, the Company changed its accounting method for valuing certain inventories from last-in, first-out (LIFO) to average cost. The effects of the change in accounting principle have been retrospectively applied to all prior periods presented. See Exhibit 99.2 to the Company’s Form 8-K filed with the Securities and Exchange Commission (SEC) on April 17, 2019, which illustrates the effects of the change in accounting principle to 2018 interim and full year financial information.

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