ARNC - Arconic GAAP EPS of $1.05 beats by $0.31 revenue of $2.55B beats by $130M cuts FY22 revenue guidance
- Arconic press release ( NYSE: ARNC ): Q2 GAAP EPS of $1.05 beats by $0.31 .
- Revenue of $2.55B (+16.4% Y/Y) beats by $130M .
- Arconic revenue expectations are now in the range of $9.6 billion to $10.0 billion for full-year 2022 compared with the prior expected range of $10.1 billion to $10.5 billion vs. $9.35 billion consensus.
- Adjusted EBITDA is currently expected to be at the low end of the previously guided range of $820 million to $870 million.
- Free cash flow for full-year 2022 is now anticipated to be approximately $300 million compared with the prior outlook of approximately $250 million due to lower working capital use associated with the decline in aluminum prices.
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Arconic GAAP EPS of $1.05 beats by $0.31, revenue of $2.55B beats by $130M, cuts FY22 revenue guidance