Arconic Reports First Quarter 2021 Results and Raises Outlook
Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today reported first quarter 2021 results. Revenue was
First quarter 2021 Adjusted EBITDA was
Tim Myers, Chief Executive Officer, said, “Arconic continued to see increasing customer demand in most of the markets we serve during the first quarter. We captured growth in international packaging due to better than expected regional strength and industrial end markets improved as the trade litigation came to a final positive ruling at the end of March. Ground transportation sales also grew, largely driven by commercial transportation, but were constrained by weather impacts and the semiconductor shortage. Growth in those three end markets and strong operating performance fully offset continued weakness in aerospace sales. Given our strong first quarter performance and improved outlook in both the industrial and packaging markets, we are increasing our full year 2021 revenue and Adjusted EBITDA outlook.”
Mr. Myers continued, “With the continued reduction of our legacy pension and environmental obligations, and the completion of a
First Quarter Segment Performance
Revenue by Segment ($M) |
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Quarter ended |
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March 31, 2021 |
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March 31, 2020 |
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Rolled Products |
$ |
1,364 |
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$ |
1,222 |
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Arconic Corporation
NYSE:ARNCARNC RankingsARNC Latest NewsAug 18, 2023
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ARNC Stock Data
3.01B
98.90M
1.22%
95.25%
5.96%
Alumina Refining and Primary Aluminum Production
Manufacturing
United States
Pittsburgh
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