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Alcoa (NYSE:AA) Posts Earnings Results, Beats Estimates By $0.31 EPS
Alcoa reported higher production, $472 million in free cash flow and a $4.4 billion cash balance as funding for the acquisition was secured.
- Alcoa Corporation reported Q3 2026 revenue of $3.7 billion, with net income rising to $483 million, driven by favorable mark-to-market changes on energy contracts.
- Production growth was supported by the completed restart of the Alumar smelter in Brazil, as Alcoa increased aluminium production for the sixth consecutive quarter.
- Adjusted EBITDA reached $789 million while free cash flow totaled $472 million for the quarter, supported by a $4.4 billion cash balance including $2.6 billion secured for the AliGroup acquisition.
- Alcoa entered agreements to sell portions of the Massena East site in New York for up to $315 million, while targeting early 2027 closure of the AliGroup acquisition.
- Over the past 12 months, Alcoa shares rose 6%, outperforming the ASX Index which fell 2%, though management anticipates cost headwinds in the Aluminium segment.
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Alcoa CEO William Oplinger: Growth in data centers is really positive for aluminum
William Oplinger, Alcoa president and CEO, joins CNBC's Morgan Brennan to talk teh companies Q3 results, its latest data center buildout news, aluminum prices, and more.
·Englewood Cliffs, United States
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Alcoa (NYSE:AA) Posts Earnings Results, Beats Estimates By $0.31 EPS
Alcoa (NYSE:AA - Get Free Report) posted its quarterly earnings results on Thursday. The industrial products company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.31. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.77 billion. Alcoa had a net margin of 9.48% and a return on equity of 18.90%.
·Sioux Falls, United States
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Total News Sources16
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
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