ARNC News and Press, Arconic Inc. From 05/04/23

2023-05-04 06:51:23 ET Arconic press release ( NYSE: ARNC ): Q1 GAAP EPS of $0.24 misses by $0.07 . Revenue of $1.93B (-12.3% Y/Y) beats by $80M, up 6% organically, up 6% from prior quarter on a comparable basis excluding Russian Operations. Adjusted EBITDA of ...

Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”), in an all-cash transactio...

2023-05-03 21:04:53 ET Private equity firm Apollo Global ( NYSE: APO ) is close to an agreement to buy aerospace-parts maker Aronic for $3 billion, or $30 a share. The deal may be announced when Arconic ( NYSE: ARNC ) reports its Q1 results on Thursday, according t...

2023-05-02 16:49:54 ET Summary Arconic Corporation has been able to benefit from the increased demand for aluminum that happened in 2022, but as prices have dropped so have the company's margins. The aluminum market seems to have strong demand nonetheless and some experts are noti...

First Quarter 2023 Revenue Up 21% year over year; Strong Profit Generation $176 Million Debt Reduction, $25 Million Common Stock Repurchases Full Year 2023 Guidance Increased Howmet Aerospace (NYSE:HWM): First Quarter 2023 Highlights Revenue of $1.60 billio...

Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) will hold a webcast and teleconference to discuss first quarter 2023 financial results on Thursday, May 4, 2023 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for th...

Effective May 1, 2023, Vagner Finelli will join Howmet Aerospace (NYSE:HWM) as President, Howmet Fastening Systems (HFS) . In this role, Vagner will have responsibility for all HFS employees and locations globally. Vagner will be based in Torrance, CA, and will report directly to John Pla...

2023-04-14 11:04:17 ET Summary Arconic has recently attracted acquisition interests from a number of private equity firms, including Apollo Global Management, Carlyle Group, and Lone Star Funds. Meanwhile, activist investor Sachem Head has accumulated a position and is pushing for...

2023-04-12 09:10:43 ET Apollo Global Management ( NYSE: APO ) said Wednesday that it achieved over $1B in diverse spending across its funds' private equity portfolio with an emphasis on minority- and women-owned suppliers. As part of Apollo's ( APO ) Supplier Diversity...

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 ...