Alcoa Beats Expectations, Projects Strong Producti…
From Financial Modeling Prep: 2025-01-23 08:26:00
Alcoa Corp (NYSE:AA) exceeded expectations with adjusted earnings of $1.04 per share in Q4, beating estimates by 11 cents. Revenue for the quarter reached $3.49 billion, higher than the anticipated $3.29 billion. The company is optimistic about 2025, projecting alumina segment production between 9.5 million and 9.7 million metric tons.
CEO William Oplinger highlighted Alcoa’s strategic progress in 2024, including the acquisition of Alumina Limited and divestiture of its Ma’aden joint ventures. These milestones have set the company up for growth and operational success as it enters 2025 with momentum.
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