Welcome to our dedicated page for Arconic news (Ticker: ARNC), a resource for investors and traders seeking the latest updates and insights on Arconic stock.
Arconic Corporation (NYSE: ARNC) delivers cutting-edge aluminum solutions for aerospace, automotive, and energy sectors. This dedicated news hub provides investors and industry professionals with essential updates on the company's technological advancements and market position.
Access real-time information about product innovations, strategic partnerships, and financial developments shaping Arconic's role in advanced materials engineering. Our curated collection features official press releases and verified news covering key areas including:
• Aerospace component breakthroughs
• Automotive lightweighting initiatives
• Sustainable manufacturing updates
• Financial performance reports
For stakeholders tracking material science advancements and industrial applications, this resource offers timely updates on ARNC's contributions to energy-efficient transportation and next-generation infrastructure solutions. Bookmark this page to maintain informed perspectives on critical developments affecting the advanced materials sector.
Arconic Corporation (NYSE: ARNC) announced a proposed offering of an additional $300 million in 6.125% Senior Secured Second-Lien Notes due 2028. The offering's timing and pricing will depend on market conditions. The net proceeds will fund the annuitization of pension obligations. These Additional Notes will be guaranteed by the Company’s domestic subsidiaries and secured by liens on certain assets. This private placement is targeted at qualified institutional buyers under Rule 144A of the Securities Act and will not be registered under the Securities Act.
Arconic Corporation (NYSE: ARNC) reported its fourth quarter and full year 2020 results, revealing a net loss of $64 million in Q4, a significant drop from a net income of $168 million in Q4 2019. Full-year revenue fell 22% to $5.7 billion due to COVID-19 impacts. The company implemented a partial annuitization of its U.S. pension obligation, reducing liabilities by $240 million and saving $5 million in annual costs. For 2021, Arconic forecasts revenue between $6.6 billion to $6.9 billion and adjusted EBITDA of $675 million to $725 million.
Arconic Corp. (NYSE: ARNC) will host a webcast and teleconference on February 23, 2021, at 10 a.m. ET to discuss its fourth quarter and full year 2020 financial results. The press release detailing these results will be issued prior to market open on the same day. Participants are encouraged to dial in 10 minutes early. Conference call details include a U.S. number (833) 614-1535 and an international number (+1 520 809 9937) with a Conference ID of 6991349. The event will be accessible on Arconic's Investor Relations page for replay.
Arconic Corporation (NYSE: ARNC) announced that Austin G. Camporin will resign from the Board of Directors effective December 10. Mr. Camporin, a Portfolio Manager at Elliott Management, has been on the Board since Arconic's inception as a standalone entity in April 2020. Chairman Frederick Henderson acknowledged Mr. Camporin's valuable contributions during the company's foundational period. Camporin expressed pride in serving Arconic, highlighting the company’s strong trajectory for growth and operational efficiency, and extended commendations to the leadership team.
Arconic Corporation (NYSE: ARNC) reported third quarter 2020 revenue of $1.4 billion, a 19% increase from the previous quarter, driven by strong automotive demand. However, year-over-year revenue declined by 22% due to pandemic impacts across most end markets. Net income was $5 million, compared to a net loss of $24 million in Q3 2019. Adjusted EBITDA for the quarter was $165 million, affected by the pandemic but improved through cost reduction efforts. The company anticipates full-year revenue between $5.6 billion and $5.7 billion and expects improved cash flow.
Arconic Corp. (NYSE: ARNC) will host a webcast and teleconference to discuss its third quarter 2020 financial results on Thursday, November 5, 2020, at 10 a.m. ET. The press release announcing the financial results will be issued before the market opens on the same day. Interested participants should call in at least 10 minutes prior to the event. The conference ID is 3683624, with a local call-in number of (833) 614-1535 and international number +1(520) 809-9937. A webcast will also be available on the company’s website.
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