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 $1.7 billion, up 15% from the prior quarter primarily because of higher aluminum prices. Net income was $52 million, or $0.46 per share, compared with $46 million, or $0.42 per share, in first quarter 2020.

First quarter 2021 Adjusted EBITDA was $179 million and Adjusted EBITDA margin was 10.7%. Adjusted EBITDA declined 12% year over year, but increased $28 million, or 19%, sequentially primarily because of strong operating performance and continued growth in international packaging volumes and strength in industrial markets. Cash used for operations was $294 million, reflecting $200 million of accelerated U.S. pension contributions made in January 2021, and capital expenditures were $28 million. At quarter-end, the cash balance was $763 million with total available liquidity of approximately $1.6 billion, and debt was $1.6 billion.

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 $1 billion partial U.S. pension annuitization in April, we believe we are well positioned to focus more fully on future growth opportunities. Our new share repurchase program is recognition of our belief in the long-term prospects of our Company.”

First Quarter Segment Performance

Revenue by Segment ($M)
	Quarter ended
	March 31, 2021						March 31, 2020
Rolled Products	$	1,364							$	1,222
Arconic Corp NYSE:ARNC ARNC Rankings N/A Ranked by Market Cap N/A Ranked by Dividends ARNC Latest News Sep 5, 2023 Arconic Names Marcelo Morgueta Chief Financial Officer Aug 25, 2023 Arconic Names Chris Ayers CEO and Chairman of the Board Aug 18, 2023 Arconic Completes Transaction with Apollo Funds Jul 31, 2023 Arconic Reports Second Quarter 2023 Results Jul 25, 2023 Arconic Shareholders Approve Acquisition by Apollo Funds ARNC Stock Data Float 99.12M Industry Alumina Refining and Primary Aluminum Production Sector Manufacturing Website Link Country US City Pittsburgh Related Articles Continue reading with these related stories $KHC Related Oscar Mayer Wienie 500 Returns for its Second Year with a Sizzling New Twist Jan 25, 2026 $BIIB Related FDA Accepts LEQEMBI® IQLIKTM (lecanemab-irmb) Supplemental Biologics License Application as a Subcutaneous Starting Dose for the Treatment of Early Alzheimer's Disease under Priority Review Jan 25, 2026 $GIS Related General Mills Expands Dec. 21, 2025, Voluntary Recall of Select Pillsbury Pizza Pops Products Jan 25, 2026 $RCEL Related Data at 2026 Boswick Burn & Wound Symposium highlight first integrated use of AVITA Medical technologies Jan 25, 2026 $FFAI Related Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: The First FF EAI Robotics Product Has Completed U.S. Regulatory Certification and is About to Officially Begin Sales Jan 25, 2026 $BK Related DigiFT Introduces First Actively Managed Tokenized Equity Fund with BNY as Investment Management Services Provider Jan 25, 2026 $LTH Related Life Time Miami Marathon & Half Delivers an Unforgettable Weekend for More Than 17,000 Runners Jan 25, 2026 $CNP Related CenterPoint Energy Winter Storm Update: CenterPoint releases more than 500 contract frontline electric workers to support restoration efforts in other hard-hit areas of the country; more than 99 percent of customers maintained power through overnight winter weather Jan 25, 2026 $HAL Related A*STAR and Halliburton Launch NEX Lab℠ to Advance Well Completion Innovation Jan 25, 2026 $BKR Related Baker Hughes Announces Fourth-Quarter and Full-Year 2025 Results Jan 25, 2026 View All Latest News Explore About Editorial Policy FAQ Rhea-AI Sitemap Legal Terms of Use Cookie Notice Privacy Policy Market Data Articles Top Gainers Market Cap Momentum Scanner Stock Themes Live News Links RSS feed Facebook Reddit Add to Google News A leading AI‑powered platform for real‑time stock market news, press releases, SEC filings, earnings, and tools for trading and investing. © 2020-2026 StockTitan.net - Your Edge is Information Information only — not investment advice.