alcoa first quarter earnings

Alcoas share of the capacity is 197,000 metric tons per year. Alcoa Corporation plans to announce its second quarter 2022 financial results on Wednesday, July 20, 2022 after the close of trading on the New York Stock Exchange. They make it work by what they do every minute, every shift and every day. Third Quarter Highlights Uranaktien noch immer unverschmt gnstig - jetzt einsteigen und entspannt verdienen! Gear advertisements and other marketing efforts towards your interests. Its -- and if I remember, its 5% of the total output. We are seeing considerable recent improvement in caustic prices as well as more gradual improvements in quoted prices for coke and pitch. If you have an ad-blocker enabled you may be blocked from proceeding. Next, Id like to talk a little more about our approach to responsible mining globally and particularly about our bauxite mining operations in Western Australia, a region where we have operated for 60 years. And number two, we think the LME should delist Russian metal immediately. https://services.choruscall.com/ccforms/replay.html, https:/investors.alcoa.com/events-and-presentations/, https://www.businesswire.com/news/home/20230626691683/en/. Would really appreciate your perspective on that. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. A link to the press release will also be on Alcoas Twitter handle @Alcoa at www.twitter.com/Alcoa. In China, however, there are slight deficits for both products. When will the state EPA make a decision about whether or not to accept the third-party referral? While many rest of world smelters remain curtailed, Russian smelters continue to produce at full capacity. Alcoa (AA) to Report Q1 Earnings: What's in the Offing? - Yahoo We are also considering how we can reduce potential social impacts through this process. The market for construction products remains challenging given high interest rates. This year, global inventories of aluminum are expected to be at historic lows. I appreciate the question, Alex. Gibbs Law Group Investigates Potential Securities Law BrainChip Selects IPro Silicon IP to Serve Israels High Growth AI Market, Albany International Enters Definitive Agreement to Acquire Heimbach Group for 153 Million. [Operator Instructions] Please note, this event is being recorded. Transcript of Alcoa Inc. first-quarter 2005 earnings call. - SEC.gov Lucas, its always good to get these questions. Other than foreign currency, the only unfavorable performance was higher production costs due to two locations, the Alumar refinery and the Portland smelter. We have restored stability at this site, which had experienced challenges related to the production of rodded anodes. And so, were not yet at an endpoint. Alcoa Schedules Second Quarter 2023 Earnings Release and - Morningstar $29. Alcoa Corp First Quarter 2023 Earnings Release - MarketScreener.com The second side of it on the demand side, realistically speaking, I think the demand is still there. Alumina Limited's CEO, Mike Ferraro, said 'The global markets for alumina remained tight in the first quarter of 2023 leading to an increase in alumina prices . We have long taken pride in our rehabilitation efforts. Alcoa announced the company's first-quarter earnings on April 20, . Develop and improve features of our offerings. 412-992-5450 412-315-2909 We are working to deliver more sustainable solutions through technologies we have under development to decarbonize aluminum production and advance recycling technologies in support of our vision to reinvent the aluminum industry for a sustainable future. 10 Best Blue-Chip Stocks to Buy for the Long Term, 10 Best Growth Stocks to Buy for the Long Term, Transparency is our policy. For a little more granularity on working capital and cash flow, lets look at raw materials and inventory. Theres just not a lot of new production thats going to come online. And so, that sort of helps you build your understanding of when we think were going to be moving our way to that permitting process and then how long it takes us to be able to adapt and have the surety of where were going to be mining and when were going to be mining. Currency was unfavorable in both segments. So great progress. We do have everything secured now, except one small piece in Norway. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Meanwhile, our other Norwegian smelter, Mosjen, is operating stably and near full pot complement as is our Fjardal facility in Iceland. Looking from fourth quarter 22 to first quarter 23 on a comparable basis, the Alumina segment adjusted EBITDA more than doubled on stronger API pricing and product mix, partially offset by higher costs, both production and raw materials. INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Carvana Co. and Encourages dynaCERT Announces Voting Results from Annual & Special Meeting of Shareholders, Carlyle and Stellex Complete Sale of Titan to an Affiliate of Lone Star Funds. At the same time, I think your other point is very -- is really quite key to understanding the future. Alcoa Schedules Second Quarter 2022 Earnings Release and Conference NYSE +20 Min. We expect that further stockpiling of Russian material will occur throughout the year and into the future. I look forward to continuing to report on these improvements as the year progresses. Alcoa Schedules Second Quarter 2023 Earnings Release and - Benzinga The quicker we can get that done, the quicker well have surety of where well be amount of ore that well have available and how much effort and infrastructure it takes to be able to reach that or -- and then we can start counting backwards on when we can do that one quarter away from changing the bauxite grade. Thanks, Molly. So we hope to report some good news for you coming into this next quarter as we look towards future quarters. But for right now, the $55 million is applying for our future look, and that includes about $10 million impact of volume and about $45 million for caustic, bauxite and energy usages unfavorable at this bauxite grade. Alcoa Corporation plans to announce its second quarter 2023 financial results on Wednesday, July 19, after the close of trading on the New York Stock Exchange. After submitting your request, you will receive an activation email to the requested email address. In the first quarter, we did not have any fatal or serious injuries. Notably, we increased our adjusted EBITDA from the fourth quarter by more than $211 million, posting a result of $240 million. The government is also tracing Russian origin metal in various imported products. Then Ill highlight some potential implications and a few commercial developments specific to Alcoa. Alcoa Corporation plans to announce its second quarter 2023 financial results on Wednesday, July 19, after the close of trading on the New York Stock Exchange. And as I mentioned at the top of our call, we also expanded our EcoSource product line to now include non-metallurgical alumina or NMA as well as the smelter-grade product we launched in 2020. After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. Great. Alcoa Corporation - Alcoa Schedules First Quarter 2022 Earnings Release On the supply side, we saw more curtailments than restarts. Our transformation group, which manages curtailed and closed sites, has done a good job to position this site for new productive uses. Emily, Ill take that one. But were also seeing a little bit of weakness on the billet side, particularly thats really coming in from building and construction, which just isnt moving as quickly as what weve seen in some other times. In the Aluminum segment, we expect a net improvement of $30 million as favorable raw materials, volume and lower production costs are only partially offset by changes in value-add premiums. We have already seen some increased volumes and new contracts as customers continue to look for alternatives to Russian supply of material. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. The aluminum giant reported adjusted earnings per share (EPS) of $0.07 and revenues of $4. And thats on the science side, as well as on the practical and pragmatic side of actually seeing that restoration because its been so long live to see our restore habitat and all the way from relatively new plantations, all the way to what is advanced and develop new forests. We again paid our $0.10 per share dividend in the first quarter, totaling $18 million. We believe that delivering on our stakeholders expectations is a key to our success moving forward. For the long term, we continue to believe that aluminum demand will rise significantly, driven by global decarbonization strategies. Pittsburgh, PA 15212-5858 It is an immense privilege for us to be able to mine there. Producing the aluminum that the world needs now and for the future will require bauxite mining, but mining must be done the right way. Factors that may cause the Companys actual results to differ materially from these statements are included in todays presentation and in our SEC filings. Okay. First Quarter 2023 Earnings Presentation and Conference Call Wednesday, April 19, 2023, 5:00 PM Eastern CORPORATE PARTICIPANTS Roy Harvey-President and Chief Executive Officer Molly Beerman-Executive Vice President and Chief Financial Officer James Dwyer-Vice President, Investor Relations and Pension Investments Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Because we are mining in areas that are within the watershed for Perth, we need to make sure that we are controlling erosion that were applying all these mitigating measures to always protect water first and foremost, which is how weve always approached this. PITTSBURGH--(BUSINESS WIRE)-- While investigating the failure to root cause, our teams safely executed critical repairs to restore the flow, thus enabling the refinery to continue to operate. James Dwyer Apple: Neuer Ritterschlag von Citi fllt heute die drei Billionen-Marke? First Quarter 2021 Earnings Presentation and Conference Call Thursday, April 15, 2021, 5:00 PM Eastern . AOS - Free Report) has an Earnings ESP of +5.78% and a Zacks Rank #2. Yes, Michael, let me handle that one. In the Alumina segment, we expect an approximately $55 million unfavorable impact from lower bauxite grades in Australia. But its also just a privilege and a pleasure to have her here at my side. 2007 / 5:00PM ET, AA - Q1 2007 ALCOA Inc Earnings Conference Call . I think I would go back to say the state EPA and the referrals process as well as the current discussions around the operating permits is really all managed at the Western Australian level. The press release with financial results, and a related presentation, will be available on . As many aluminum customers self sanction against Russian metal, unwanted Russian tons are being stockpiled in London Metal Exchange warehouses and are threatening to undermine the reliability of the LME as a global pricing reference for aluminum. Youve got the potential for some growth happening in Southeast Asia and the Middle East, for example, but outside of that, theres just not a lot of projects. I know there were a lot of questions what that might do to demand. It is infinitely recyclable, and its available, right? So coming into the year, I think were seeing better strength in the volumes and in the end, the volumes that impact the premiums that we negotiate on a quarterly basis. These products and services are usually sold through license agreements or subscriptions. At the refinery, we reduced the production rate last year to help mitigate the high cost of natural gas in Spain. A conference call to discuss the financial results will begin at 5:00 p.m. EDT, and will be webcast live via Alcoa's website, www.alcoa.com. To avoid a delay in start time, please dial in beginning at 4:45 p.m. A telephone replay will be available at approximately 8:00 p.m. EDT on July 20 until July 27, 2022. Read our editorial policy to learn more about our process. Jim Beck The metals and materials company reported adjusted first-quarter earnings of 7 cents per share on $4.95 billion in revenue. The Jarrah Forest is one of the most beautiful places on the planet. Given that the situation extends until the first quarter 2024, how should we look at cost going forward? Now that bauxite is again being delivered to the refinery, we are building back the on-site inventory and gradually ramping up production. So again, I think the answer here is that we need to make sure that were delivering on what weve been requested, which Im very confident that were doing. All participants will be in a listen-only mode. Yes. However, we believe there is more that can be done. And with further premium improvements, we could get some more profitability out of that site. And in aluminum, were still tracking well to the guidance. Alcoa (AA) to Report Q1 Earnings: Is a Beat in the Store? - Yahoo Finance These EcoSource products are unique across our industry and are unmatched by our competitors. First question is your observations on rest of world capacity and the lack of restarts, even though energy power prices have corrected downwards somewhat, is the demand outlook and the energy outlook and uncertainty given geopolitics, even if prices stay low, still make it more difficult for capacity restarts in the marketing in your view? Jim Beck And I do appreciate that its a dynamic situation and complex. Again, and sort of like with the question that I had earlier, theres a lot of what-ifs and a lot of questions that sit in there, it is a process that is playing out right now. Alcoa Corporation plans to announce its second quarter 2023 financial results on Wednesday, July 19, after the close of trading on the New York Stock Exchange. . Realized prices were higher for both aluminum and alumina with aluminum up 7% and alumina up 8% sequentially, while revenues remained flat at $2.7 billion on lower shipment. Now, lets turn to our own commercial developments. What's in the Offing for Alcoa (AA) This Earnings Season? - Yahoo Finance In the first quarter, we saw sequential improvement across our key earnings metrics. And so, thats all stuff that needs to be designed and figured out on how were going to be able to address that. Yes. Were seeing more and more of our customers that are extremely sensitive to any Russian content, because if their products then go to the U.S., they could have very significant tariffs placed on them because of the way that these tariffs were fashioned. The press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa . 412-315-2909 Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close.The company's earnings beat estimates in each of the last four quarters, the earnings surprise . So, the work that were doing in order to try and solve all of these problems is to make sure that we have the mitigations in place that were protecting the water sheds and ensuring that we have the best quality, not impacting the quality of the great quality of water that Western Australia has and also making sure that we can accelerate our biodiversity and rehabilitation efforts. Now, moving to the right hand of this slide. Ebitda is going down hill, Anyone reading the last 80 - 100 last conference calls or the 10Q's and 10K's would notice a number of similarities. First, I want to stress that we appreciate and understand the increasing expectations that stakeholders have for mining operations. So I can see how that might not move the needle. Next, as you see on this slide, in the first quarter, we made adjustments to operating levels of some of our locations. So that was built into the guidance for the year. Jim.Beck@alcoa.com, Alcoa Schedules Second Quarter 2022 Earnings Release and Conference Call, https:/investors.alcoa.com/events-and-presentations/. Terms of Service apply. Alcoa Corporation Reports First Quarter 2023 Results Thanks. Please go ahead. First would be in terms of your expectations for the CapEx ramp for 2023. LUV INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Southwest Airlines Co. Investors with Substantial ARBK EQUITY ALERT: ROSEN, A LEADING LAW FIRM, Encourages Argo Blockchain plc Investors with Losses in Excess of $100K Alcoas 2022 Sustainability Report Highlights ESG Progress, Cathie Wood verkauft Tesla-Aktien und wettet jetzt auf diesen Nvidia-Rivalen. When Will the Fed Start Cutting Interest Rates? Sort of what happens next? Call: +1 (877) 883-0383 (Domestic) +1 (412) 902-6506 (International) Conference ID: 8998726. Roy, I also have a higher level question to kick things off. So, all that to say its -- those are really the two issues that theyve really made questions about. Well discuss more about that later in this call, including the agreement we successfully negotiated in Spain on the restart of our San Ciprin smelter and progressing the full restart of the Alumar smelter in Brazil. That means mining bauxite with a lower quality or grade using more caustic and producing less aluminum. We look at history and it tells us that there is a real arbitrage that people play when it comes to copper and aluminum. However, we continue to have near misses or potential incidents, which we closely monitor and use as opportunities to accelerate our learning. In fact, its why we have the strategic priority to advance sustainably. We currently have two long-term wind sourced power purchase agreements that can support a portion of the smelters need, pending permitting, development and construction of the wind farms. Investor Contact: INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Siemens Energy AG and Encourages CIRCOR International Enters Definitive Agreement to be Acquired by KKR for $1.6 Billion, Boxlight Announces 1-for-8 Reverse Stock Split of Class A Common Stock, BevCanna Provides Corporate and Operational Update. Now, let me spend a few minutes explaining our current situation with mine permitting. Today at 04:11 pm. Logistical from the fact that when we were first getting started restarting Alumar, and I know the plant well, I used to work there, it was just harder to get the quality of raw materials that we needed to have a kind of restart that we had expected. And to be quite honest, were putting a lot of effort into making the San Ciprin smelter a competitive smelter for the long term. Alcoa Schedules Second Quarter 2023 Earnings Release and Conference You can sign up for additional alert options at any time. Now, Id like to turn our attention to our operations. I think the key here in Western Australia is that were still in the midst of discussions with our -- with the Western Australian government. We saw a broad improvement from the fourth quarter of 2022 to the first quarter of 2023. Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. But thats what leads me to my very positive view on the medium- to long-term in our industry. We strive to maintain our commitment to safe and responsible operations, including proactive engagement with our communities before, during and after bauxite mining. We grew our EBITDA to $240 million, and we also maintained a strong balance sheet with $1.1 billion in cash and low proportional adjusted net debt. Alcoa Corporation Reports First Quarter 2021 Results And lots of great detail throughout this call. Alcoa intends to make future announcements regarding company developments and financial performance through its website, www.alcoa.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls, and webcasts. Let me answer Western Australia and then Ill let Molly answer the energy question. The company has an impressive earnings surprise. Alcoa Schedules First Quarter Earnings Release and Conference Call As you recall, she was appointed as CFO in February of this year. And particularly as you look at a number of companies essentially putting in their own set of sanctions against Russian metal, it means that weve got more interest in our volumes coming out of Europe. Alcoa Schedules Second Quarter 2023 Earnings - InvestorsObserver Last year, we saw nearly a fivefold increase in sales volumes for EcoLum, which is manufactured with an emissions intensity that is 3 times better than the industry average.

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