Alcoa Corporation ( (AA) ) has released its Q4 earnings. Here is a breakdown of the information Alcoa Corporation presented to its investors.
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Alcoa Corporation is a leading global company in the production of bauxite, alumina, and aluminum products, known for its commitment to sustainability and innovation in the aluminum industry.
Alcoa Corporation has reported a strong financial performance for the fourth quarter and full year of 2024, driven by robust pricing in alumina and aluminum markets and enhanced operational stability.
The company’s revenue for the fourth quarter increased by 20% sequentially to $3.5 billion, with net income rising by 124% to $202 million. For the full year, Alcoa’s revenue rose by 13% to $11.9 billion, while net income improved to $60 million. Alcoa also set annual production records at various smelters and completed strategic transactions, including the acquisition of Alumina Limited and the sale of its interest in the Ma’aden joint ventures.
In addition to financial growth, Alcoa advanced strategic initiatives, such as signing a memorandum of understanding to improve operations at the San Ciprián complex and completing a significant profitability improvement program. The company ended the year with a solid cash balance of $1.1 billion.
Looking ahead, Alcoa’s management is focused on continuing to drive operational excellence and competitiveness in 2025, with expectations of stable alumina shipments and increased aluminum production due to smelter restarts.
