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

2023-05-04 13:03:52 ET Gainers: Actelis Networks ( ASNS ) +85% . Soligenix ( SNGX ) +65% . SaverOne 2014 Ltd ( SVRE ) +43% . Guardforce AI ( GFAI ) +41% . Arconic Corporation ( ARNC ) +28% . Shopify ( SHOP ) +25% . ...

2023-05-04 07:16:22 ET Arconic Corp. ( NYSE: ARNC ) jumped 29% after the aerospace-parts maker agreed to be sold to private equity firm Apollo Global ( NYSE: APO ) for $30 a share. The transaction values Arconic ( ARNC ) at $5.2 billion, according to a statem...

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 ...

First Quarter 2023 Highlights Sales of $1.9 billion, down 12% year over year, up 6% organically, up 6% from prior quarter on a comparable basis excluding Russian Operations Net income of $25 million, or $0.24 per share, compared with $42 million, or $0.39 per share, in first quarter 2...

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...