ARNC News and Press, Arconic Inc. From 05/03/22

Arconic press release (NYSE:ARNC): Q1 GAAP EPS of $0.39. Revenue of $2.2B (+31.0% Y/Y). Outlook: Arconic revenue expectations are now in the range of $10.1 billion to $10.5 billion for full-year 2022 compared with the prior expected range of $9.9 billion to $10.3 billion vs. consensus of $9.8...

First Quarter 2022 Highlights Sales of $2.2 billion, up 31% year over year, up 2% from prior quarter Net income of $42 million, or $0.39 per share, compared with $52 million, or $0.46 per share, in 1Q 2021 Adjusted EBITDA of $205 million, up 15% year over year, and up ...

Constellium offers investors exposure to secular aluminum tailwinds such as light-weighting. The company is in the midst of a capex cycle, but the favorable economics will likely drive favorable FCF generation in the mid-term. The stock offers investors a compelling fwd FCF yield ...

Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) will hold a webcast and teleconference to discuss first quarter 2022 financial results on Tuesday, May 3, 2022 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial resul...

Aluminum prices and Alcoa stock have been on a tear since the pandemic lows. The elevated prices have called Alcoa's valuation into question but all signs point to further upside. Aluminum prices look set to cool down but should stabilize at higher levels as the major players work...

Arconic Corporation manufactures aluminum sheets, plates, extrusions, and architectural products for the ground transportation, aerospace, and packaging end markets. I expect that Arconic will be able to identify emerging technological and broader industry trends in the packaging and ...

Allegheny is heavily leveraged to the multiyear commercial aerospace recovery / expansion cycle, with higher content in engines and airframes. Exiting the commodity stainless steel business will boost margins and an improved pension situation should allow management to share upcoming ...

Arconic did a tremendous job in 2021 growing its business despite headwinds. 2022 is off to a rough start due to the war in Ukraine, which is further impacting key supply chains. However, ARNC is in a good position to grow its business long-term, with a valuation that has come dow...

Aluminum prices in London jumped following after Australia's announcement that it will ban exports of alumina and aluminum ores to Russia, raising fears of supply disruption of the metal. LME aluminum (LMAHDS03:COM) surged as much as 5.1% to $3,554/metric ton and recently traded +3.7% at $3,5...

Aluminum prices rise for a second straight day on hopes of economic stimulus in China, the biggest consumer, but the London Metal Exchange's attempt to reopen trading in the nickel market was delayed for hours due to problems with the LME's electronic system. According to Reuters, LME benchma...