ARNC News and Press, Arconic Inc. From 04/11/23

Howmet Aerospace Inc. (NYSE:HWM) will announce its first quarter 2023 financial results on Tuesday, May 2, 2023. The press release and presentation materials will be available at approximately 7:00 AM ET on May 2, 2023, via the “Investors” section of the Howmet Aerospace website. A ...

2023-03-31 12:42:56 ET Activist invest Sachem Head has taken a stake in Arconic ( NYSE: ARNC ) and is pushing the aluminum maker to continue with a process to sell itself. Sachem Head, run by Scott Ferguson, has amassed its stake in Arconic ( ARNC ) in recent weeks, acco...

2023-03-30 13:38:39 ET Apollo Global ( APO ) is said considering offering as much as $2.78 billion for Arconic ( NYSE: ARNC ). The private equity firm is evaluating making an offer of around $27 or $28 a share by early April, according to traders who cited a Bloomberg re...

2023-03-29 12:25:15 ET Arconic ( NYSE: ARNC ) rose 1.6% amid a report that private equity firms Carlyle Group ( CG ) and Lone Star Funds have joined Apollo Global ( APO ) in the sales process for the company. At least two other parties are also in the sales proce...

2023-03-04 12:35:01 ET The week ending March 3 saw the Industrial Select Sector among gains ( XLI ) ( +3.35% ). ISM Manufacturing improved marginally in February, though less than forecasted. Meanwhile, PMI Manufacturing came below consensus for February. X...

Shares of Arconic (NYSE: ARNC) skyrocketed this week and were trading 26.4% higher as of 11:30 a.m. Friday, according to data provided by S&P Global Market Intelligence . Arconic produces aluminum products for various industries, including aerospace, automotive, defense, c...

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