What Arconic Management Has to Say about the Grenfell Tower
Arconic (ARNC) stock saw negative price action toward the end of June on reports that it supplied parts for Grenfell Tower in London (EWU) (UKX-INDEX).
Alcoa Lowers Guidance for Aerospace Business for the Second Time
During its 3Q16 earnings call, Alcoa reduced its EPS segment’s fiscal 2016 revenue guidance to $5.6 billion–$5.8 billion from $5.9 billion–$6.1 billion.
Arconic’s Tough Beginning: Controversies and Battles
Arconic is scheduled to release its 1Q17 earnings on April 25. ARNC was listed as a separate entity on November 1, 2016, when Alcoa split into two entities.
Aerospace Is Arconic’s Aluminum, and Its Not Looking Good
Alcoa had a three-year target of $7.2 billion in revenues, but it has reduced this target to $6 billion–$6.2 billion ahead of the Arconic split.
Will Higher Commodity Prices Boost Alcoa’s 2Q16 Earnings?
In its Primary Metals segment, Alcoa expects the ATOI to increase by $10 million in 2Q16.
Alcoa’s 4Q15 Revenues Slid on Lower Pricing, Divestitures
Alcoa reported revenues of $5.2 billion. While Alcoa’s earnings topped Wall Street expectations, its 4Q15 revenues came in lower than consensus estimates.
Alcoa’s Downstream Business Posts a Mixed Performance in 1Q16
Markets were expecting Alcoa’s downstream business to more than compensate for the weakness in its upstream business.
Alcoa or Arconic: Which Stock Performed Better Since the Split?
Alcoa (AA) and Arconic (ARNC) are now independent corporate entities. Furthermore, the two companies operate in different businesses.
How Analysts Are Rating Arconic in 2Q17
Of the eight analysts covering Arconic, three have given the stock a “buy” or equivalent rating, while the remaining five have given it a “hold.”
Could Cash Strengthen Arconic as It Battles Elliott Management?
According to Dow Jones, Elliott Management’s regulatory filings reveal that the company finds Arconic (ARNC) “dramatically undervalued.”
What Are Analysts Projecting for Arconic’s 4Q16 Revenues?
Analysts expect Arconic to post revenues of $3.0 billion in 4Q16. Alcoa’s downstream business posted revenues of $3.37 billion in 3Q16.
Can Arconic Get Wall Street’s Support with Its 4Q16 Earnings?
Arconic will release its 4Q16 earnings on January 31. Its 4Q16 earnings could be an opportunity for Arconic to get some support from Wall Street.
Arconic’s 3Q16 Income Falls on Lower Pricing and Higher Costs
Arconic posted an ATOI (after-tax operating income) of $267 million in 3Q16. In comparison, its ATOI was $294 million in 2Q16 and $257 million in 3Q15.
Not Upstream, but Arconic Segments Hit Alcoa’s 3Q16 Earnings
Last year, Arconic’s business segments compensated for the lower performance of Alcoa’s upstream business. But Arconic’s performance hasn’t matched market expectations this year.
Can Alcoa Make It Four in a Row with a 3Q16 Earnings Beat?
3Q16 earnings beat According to consensus estimates compiled by Bloomberg, analysts expect Alcoa (AA) to post adjusted EPS (earnings per share) of $0.11 in 3Q16. To put this in perspective, the company posted adjusted EPS of $0.15 in 2Q16 and $0.07 in 3Q15. Analysts expect Alcoa’s 3Q16 EPS to fall year-over-year and quarter-over-quarter. Earnings beat Notably, […]
Alcoa 3Q16 Preview: Could Productivity Offset Pricing Pressure?
Pricing pressure Previously, we looked at the different factors that could impact Alcoa’s (AA) 3Q16 upstream revenues. In this article, we’ll analyze how the company’s downstream revenues could play out in the quarter. Note that Alcoa’s downstream business consists of three segments: Engineered Products and Solutions (or EPS), Transportation and Construction Solutions (or TCS), and […]
Investor Alert: Can Arconic Navigate Its Short-Term Challenges?
Demand from the aerospace industry has grown at a steady rate for the last couple of years. Higher fuel prices have forced airline companies to order new energy-efficient aircraft.
In Focus: What Challenges Would Arconic Face in the Short Term?
Arconic’s post-split structure would include the business segments that are currently under the Global Rolled Products (or GRP), Transportation and Construction Solutions (or TCS), and Engineered Products and Solutions (or EPS) businesses.
Do the Markets Really Want Alcoa to Split into 2 Companies?
It’s been almost a year since Alcoa (AA) announced its split. In this series, we’ll explore the factors that are influencing Alcoa this year, including the various opportunities and challenges that the split could impose on the company.
Alcoa’s Split: Key Takeaways from Form-10
After the split, Alcoa would be renamed “Arconic.” The upstream business would be split into a new company that would be called “Alcoa.”
US Aluminum Premiums Could Remain Stable in 2016
While capacity cuts by US smelters might not have an impact on aluminum prices, cuts could support aluminum premiums. Aluminum premiums are more regional.
No Surprises in Alcoa’s Post-Separation Management Structure
On November 24, Alcoa announced the executive management structure to be introduced following its split.
Elliott Management Found Value in Alcoa
Elliott Management is not the only company finding value in the beleaguered commodity space. In August, Carl Icahn disclosed his 8.5% stake in Freeport-McMoRan.