ARNC News and Press, Arconic Inc. From 02/28/23

Arconic Corp ( NYSE: ARNC ) jumped 20% on a report that private equity firm Apollo Global ( APO ) is in discussions to purchase the aerospace-parts maker. Apollo ( APO ) submitted this month and has debt financing in place, according to a WSJ report , which cited peopl...

Arconic ( NYSE: ARNC ) on Tuesday was downgraded to Sell from an investment rating of Neutral by analysts at Goldman Sachs. They said the aluminum maker faces uncertain demand in Europe and delays in projects that aim to boost earnings. “While we do expect an improvement in EBI...

Summary The Arconic Corporation divestment of Arconic SMZ in Russia weighed on the Q4 performance while improving the company’s operating leverage position. On the upside, Arconic prospects in North America remain resilient; on the downside, EU macro weakness could restrain the r...

The following slide deck was published by Arconic Corporation in conjunction with their 2022 Q4 earnings call. For further details see: Arconic Corporation 2022 Q4 - Results - Earnings Call Presentation

Arconic Corporation (ARNC) Q4 2022 Earnings Conference Call February 21, 2023 10:00 AM ET Company Participants Shane Rourke - Director of Investor Relations Timothy Myers - Chief Executive Officer Erick Asmussen - Executive Vice President and Chief Financial Officer ...

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...

Fourth Quarter 2022 Highlights Sales of $1.9 billion, down 9% year over year, up 2% organically Net loss of $273 million, or $2.70 per share, compared with net loss of $38 million, or $0.36 per share, in fourth quarter 2021. Fourth quarter 2022 includes a $304 million after-tax loss r...

Arconic ( NYSE: ARNC ) is scheduled to announce Q4 earnings results on Tuesday, February 21st, before market open. The consensus EPS Estimate is $0.28 vs. -$0.36 year ago and the consensus Revenue Estimate is $1.99B (-5.2% Y/Y). Over the last 1 year, ARNC has beaten EPS esti...

Full Year 2022 Commercial Aerospace Revenue Up 28% year over year, Strong Profit and Cash Generation Full Year 2022 $400 Million Share Repurchases, Doubled Common Stock Dividend in Fourth Quarter 2022 Full Year 2022 $69 Million Debt Repurchases, Additional $26 Million Repurchased ...

Howmet Aerospace Inc. (NYSE:HWM) announced today that John C. Plant, Chairman and Chief Executive Officer, and Ken Giacobbe, Executive Vice President and Chief Financial Officer, will speak at the Barclays Industrial Select Conference on Wednesday, February 22, 2023 at 10:55 AM ET. A real-tim...