AA
Alcoa Corporation46.56
+1.07+2.35%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
12.06BP/E (TTM)
10.23Basic EPS (TTM)
4.55Dividend Yield
0.01%Recent Filings
8-K
8-K
Alcoa Q3 earnings mixed
Alcoa reported Q3 2025 revenue of $3.0 billion, down 1% from Q2, with net income of $232 million boosted by a $786 million gain from selling its Ma'aden joint venture stake, yet offset by $895 million in restructuring charges for closing the Kwinana refinery. Production rose: alumina up 4% to 2.5 million metric tons, aluminum up 1% to 579,000 metric tons, driven by Australian refineries and San Ciprián restart progress. Cash stood at $1.5 billion after repaying a $74 million term loan. Adjusted EBITDA excluding special items fell to $270 million amid tariff costs and lower alumina prices, while Q4 outlook flags $50 million higher tariffs but $80 million alumina gains.
8-K
Alcoa closes Kwinana refinery
Alcoa Corporation approved the permanent closure of its Kwinana alumina refinery in Western Australia on September 29, 2025, effective immediately after full curtailment since June 2024. The decision stems from the facility's age, high costs, market pressures, and bauxite challenges, with demolition starting in 2026 over six years. Q3 2025 charges hit $890 million ($623 million after-tax, $2.41 per share), including $375 million non-cash impairments and $600 million total cash outlays. Closure cuts 220 jobs, but some staff stay for redevelopment. Yet risks loom from economic shifts.
10-Q
Q2 FY2025 results
Alcoa posted solid Q2 results with sales up 4% y/y to $3,018M, fueled by higher aluminum and alumina prices, though q/q sales dipped 10% to $3,018M on softer pricing. Gross margin held steady at 12.1%, but operating income fell 75% y/y to $161M amid $115M in U.S. tariffs on Canadian aluminum imports, while diluted EPS dropped to $0.62 from $0.11 y/y (derived). Key drivers included Alumina segment's 4% y/y shipment growth and Aluminum's 5% y/y production rise from restarts at Alumar and Warrick, offset by higher energy costs in Europe. Cash swelled to $1,514M with $563M operating cash flow (FCF $339M derived), total debt at $2,649M including new 6.125% notes due 2030 and 6.375% due 2032, and full $1,250M revolver availability; the San Ciprián JV formed March 2025 with 75% Alcoa ownership and up to $117M funding commitment. Yet tariffs squeezed margins.
8-K
Alcoa Q2 earnings amid tariffs
Alcoa reported Q2 2025 revenue of $3.0 billion, down 10% sequentially amid lower alumina and aluminum prices, yet net income held at $164 million with adjusted EBITDA of $313 million. The company closed its $1.35 billion sale of the 25.1% Ma'aden joint venture stake on July 1, expecting a $780 million gain in Q3, while redirecting Canadian aluminum exports to dodge escalating U.S. tariffs that hit $115 million in costs. San Ciprián smelter restart resumes, targeting mid-2026 completion. Cash balance rose to $1.5 billion.
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