Alcoa Corporation Reports Fourth Quarter and Full-Year 2019 Results

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Overig advies 16/01/2020 06:17
Fourth Quarter 2019
• Net loss of $303 million, or $1.63 per share
• Excluding special items, adjusted net loss of $57 million, or $0.31 per share
• $346 million of adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) excluding special items
• Revenue of $2.4 billion
• $262 million cash from operations; free cash flow of $128 million
• $879 million cash balance and $1.8 billion of debt, for net debt of $921 million, as of December 31, 2019
• Company takes actions aligned with strategic priorities to reduce complexity, drive returns and advance sustainably, including closing one fully curtailed alumina refinery as part of multi-year asset review process and announcing the first planned sale of non-core assets

Full-Year 2019
• Net loss of $1,125 million, or $6.07 per share, and adjusted net loss of $184 million, or $0.99 per share
• Adjusted EBITDA excluding special items of $1.66 billion
• Revenue of $10.4 billion
• $686 million cash from operations; free cash flow of $307 million
• Net pension and other postretirement employee benefits liability of $2.4 billion at December 31, 2019, up $40 million from year-end 2018

Wednesday, January 15, 2020 4:14 pm EST
"Also, our low-cost, top-tier bauxite and alumina segments both set new annual production records based on our current portfolio."

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, today reported fourth quarter and full-year 2019 results.
see & read more on
https://news.alcoa.com/press-release/alcoa-corporation-reports-fourth-quarter-and-full-year-2019-results



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