ARNC - Arconic GAAP EPS of -$2.70 revenue of $1.94B misses by $50M introduces FY23 outlook
- Arconic press release ( NYSE: ARNC ): Q4 GAAP EPS of -$2.70.
- Revenue of $1.94B (-7.6% Y/Y) misses by $50M .
- Outlook: The Company expects full-year 2023 revenue to be in a range of $8.0 billion to $8.5 billion (assuming LME aluminum price of $2,400/mt and Midwest Premium of $600/mt for the full year) vs consensus of $8.64B. Adjusted EBITDA for the full-year 2023 is expected to be in a range of $650 million to $700 million. Free cash flow for full-year 2023 is expected to be approximately $250 million.
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Arconic GAAP EPS of -$2.70, revenue of $1.94B misses by $50M, introduces FY23 outlook