Alcoa Corporation Reports Second Quarter 2019 Results
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.
Net income (loss) attributable to Alcoa Corporation
Earnings (loss) per share attributable to Alcoa Corporation
Adjusted net income (loss)
Adjusted earnings (loss) per share
Adjusted EBITDA excluding special items
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.