Arconic Inc. (ARNC) News
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ARNC News Highlights
- For ARNC, its 30 day story count is now at 2.
- Over the past 1 day, the trend for ARNC's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
Latest ARNC News From Around the Web
Below are the latest news stories about ARCONIC CORP that investors may wish to consider to help them evaluate ARNC as an investment opportunity.
PITTSBURGH, November 16, 2022--Arconic Corporation (NYSE: ARNC) ("Arconic" or the "Company") announced today that its Board of Directors approved a two-year share repurchase program authorizing the repurchase of up to $200 million of common stock.
PITTSBURGH, November 15, 2022--Arconic Corporation (NYSE: ARNC) ("Arconic" or the "Company") announced today that the Company completed the sale of 100% of its Russian operations to Promishlennie Investitsii LLC, the majority owner of VSMPO-AVISMA Corporation, for cash proceeds of $230 million.
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Arconic Corp (NYSE: ARNC) reported third-quarter sales growth of 21% year-over-year to $2.3 billion, beating the consensus of $2.17 billion. Net loss of $(65) million, or $(0.64) per share, included an after-tax, non-cash asset impairment charge of $70 million related to the Extrusions segment business review. Segments: Rolled Products $1.86 billion (+19.4% Y/Y), Building and Construction Systems $321 million (+24.9% Y/Y), and Extrusions $98 million (+32.4% Y/Y). Adjusted EBITDA was $143 million
Shares of Arconic Corp. were indicated down more than 1% in premarket trading Tuesday, after the aluminum company swung to a third-quarter net loss while sales topped expectations, but lowered its full-year outlook. The company lost $65 million, or 64 cents a share, in the quarter to Sept. 30, after post net income of $16 million, or 15 cents a share, in the year-ago period. The latest quarter's loss includes a $70 million asset-impairment charge related to the Extrusions segment business review
PITTSBURGH, November 01, 2022--Arconic Corporation (NYSE: ARNC) ("Arconic" or "the Company") today reported third quarter 2022 results. Revenue was $2.3 billion, down 11% from the prior quarter, primarily due to sequential declines in metal prices and lower sales volumes due to production outages and other operational challenges. The Company reported a net loss of $65 million, or $0.64 per share, compared with net income of $16 million, or $0.15 per share in third quarter 2021. Third quarter 202
PITTSBURGH, October 24, 2022--Arconic Corp. (NYSE: ARNC) ("Arconic" or "the Company") will hold a webcast and teleconference to discuss third quarter 2022 financial results on Tuesday, November 1, 2022 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the third quarter ended September 30, 2022, prior to the opening of the market on November 1, 2022.
PITTSBURGH, October 11, 2022--Arconic Corporation (NYSE: ARNC) ("Arconic" or "the Company") has appointed Ellis A. Jones, Vice President and Chief Sustainability Officer of The Goodyear Tire & Rubber Company, to Arconic’s Board of Directors, effective October 10, 2022. Mr. Jones will also serve on the Governance and Nominating Committee of the Board.
Companies in The News Are: ARNC,XOM,AMZN,BOWL
Yahoo Finance Live anchors discuss Arconic slashing its full-year revenue guidance amid high energy costs.