Alcoa Corp Stock Price, News & Analysis

Alcoa (NYSE: AA) has published its 2024 Sustainability Report, highlighting significant ESG achievements and operational milestones. The company demonstrated strong environmental stewardship with 86% renewable energy usage in smelters and a 2.03:1 ratio of mine rehabilitation to disturbance. Notable social impacts include zero worker fatalities, $1.6 billion in employee wages and benefits, and over 12,300 employee volunteer hours. Financial commitments to sustainability included $737.4 million allocated to Green Projects and $8.2 million invested in workforce development. The company maintained 18 ASI-certified operating locations and expanded its responsible sourcing program with 15 supplier site collaborations, marking a 10-site increase from 2023.

Alcoa Corporation (NYSE: AA) has announced a quarterly cash dividend payment. The company will distribute $0.10 per share for both its common stock and Series A convertible preferred stock. The dividend will be paid on June 6, 2025, to stockholders who are on record as of the market close on May 20, 2025.

Alcoa Corporation (NYSE: AA) has appointed Thomas J. Gorman as non-executive Chairman of the Board, effective May 8, 2025. Gorman, who has served as an independent director since May 2021, succeeds Steven W. Williams, who stepped down after over eight years of service. Gorman brings over 35 years of global business experience, having previously served as CEO of Brambles Ltd. and held senior executive positions at Ford Motor Company. He most recently served as Chair of Alcoa's People and Compensation Committee and was a member of the Governance and Nominating Committee.

Alcoa Corporation (AA) announced that President and CEO William F. Oplinger will participate in the Bank of America Global Metals, Mining & Steel Conference in Barcelona, Spain, on May 14, 2025. The Q&A session will begin at 5:15 a.m. EDT, focusing on Alcoa's business outlook and current market conditions.

A slide presentation will be available on Alcoa's website starting May 13, 2025, at 7:00 a.m. EDT. Investors can access the live audio webcast, transcript, and replay of the session through the "Investors" section of www.alcoa.com.

Alcoa has received a favorable ruling from Australia's Administrative Review Tribunal (ART) regarding a tax dispute with the Australian Taxation Office (ATO). The case centered on transfer pricing of historic third-party alumina sales, with the ART deciding that no additional tax is owed.

Key financial implications:

• Prepaid Amount: $67 million (A$107 million) paid in Q3 2020
• Expected Refund: $67 million (A$107 million) in June 2025 if ATO doesn't appeal
• Future Tax Payment: $216 million (A$343 million) due by June 2026
• Net Cash Impact: $149 million (A$236 million) over 14 months

The ATO has 28 days to appeal the decision. If no appeal is made, the disputed tax claims, including interest and penalties, will be withdrawn.

Alcoa has reported a significant operational disruption at its San Ciprián complex in Spain following a country-wide power outage on April 28. The widespread blackout affected both the facility's refinery and smelter operations.

The aluminum producer is currently conducting a comprehensive assessment to evaluate the full scope of operational and financial impacts on the facility. The company's statement, issued from Pittsburgh, acknowledges the incident but has not yet provided specific details about the extent of the disruption or expected recovery timeline.

Alcoa (NYSE: AA) reported strong first quarter 2025 results with significant sequential improvements. Net income rose 171% to $548 million ($2.07 per share), while Adjusted net income increased 106% to $568 million ($2.15 per share). Revenue reached $3.4 billion, and Adjusted EBITDA grew 26% to $855 million.

The company maintained a solid cash position of $1.2 billion and completed key operational initiatives, including forming a joint venture with IGNIS Equity Holdings to support San Ciprián operations. Alcoa also repositioned its debt through a $1 billion issuance in Australia and $890 million tender of existing debt.

Production metrics showed slight decreases, with Alumina production down 1% to 2.35 million metric tons and Aluminum production declining 1% to 564,000 metric tons. The company incurred approximately $20 million in tariff costs on Canadian aluminum imports due to the 25% U.S. Section 232 tariff effective March 2025.

Alcoa (NYSE: AA) and IGNIS EQT have formed a joint venture to support operations at Alcoa's San Ciprián complex, effective March 31, 2025. Alcoa will maintain 75% ownership and operational control, while IGNIS EQT will hold 25%. The partners have contributed $81 million and $27 million respectively, with potential additional funding of up to $108 million from Alcoa.

The agreement enables the planned restart of the San Ciprián smelter in 2025, following its 2021 curtailment due to high energy costs. The facility recorded a $50 million net loss and negative cash flow of $60 million in 2024. For 2025, projections indicate a net loss of $80-100 million ($0.31-0.39 per share), with expected negative cash flow of $90-110 million.

The partnership combines Alcoa's aluminum operations expertise with IGNIS EQT's energy market knowledge. The Spanish National Government and Xunta de Galicia have pledged support for the complex's long-term success.

Alcoa (NYSE: AA) has announced it will release its first quarter 2025 financial results on Wednesday, April 16, 2025, after the New York Stock Exchange trading closes. The company will hold a conference call to discuss these results on the same day at 5:00 p.m. EDT (April 17, 2025, at 7:00 a.m. AEST).

The earnings conference call will be accessible through a live webcast on Alcoa's website. The Q1 2025 earnings release and related presentation materials will be made available in the 'Investors' section of the company's website, with additional distribution through Alcoa's X social media handle.