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Stockreport

BRIEF-Alcoa Corporation Announces Decisions On Smelting Assets [Reuters]

ALCOA (AA)  More Company Research Source: Reuters
Last alcoa earnings: 4/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF BRIEF-Alcoa Corporation Announces Decisions On Smelting Assets | Reuters Reuters Staff 1 Min Read Dec 21 (Reuters) - Alcoa Corp: * ALCOA CORP - IN UNITED STATES, CO INTENDS TO PERMANENTLY CLOSE ITS ROCKDALE OPERATIONS SITE IN TEXAS * ALCOA CORP - CONTINUES TO MARKET FOR SALE MORE THAN 30,000 ACRES OF LAND AT ROCKDALE SITE * ALCOA - IN ITALY, REACHED AGREEMENT TO DIVEST PORTOVESME PRIMARY ALUMINUM SMELTER TO INVITALIA * ALCOA - AS PART OF AGREEMENT, CO, ITALIAN GOVERNMENT HAVE SETTLED MATTERS RELATED TO PAST ENERGY TARIFFS * ALCOA CORP - WILL RECORD CHARGE OF $55 MILLION IN Q4 OF 2017 ASSOCIATED WITH PERMANENT CLOSURE OF ROCKDALE * ALCOA CORP - CASH OUTLAYS FOR ROCKDALE CLOSURE ARE EXPECTED TO BE APPROXIMATELY $53 MILLION OVER NEXT FIVE YEARS * ALCOA - NET EARNINGS IMPACT OF ROCKDALE CLOSURE, ITALY DIVESTITURE ESTIMATED TO BE NEGATIVE $0.18 PER SHARE IN Q4 * ALCOA - CASH OUTLAYS FOR ITALY SETTLEMENT EXPECTED TO BE BETWEEN $40 MILLION AND $50 MILLION OVER NEXT FIVE YEARS Source text for [Read more]

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