Arconic Reports $304 Million After-Tax Loss on Sale of Russian Operations and Announces Fourth Quarter 2022 and Full Year 2022 Results Webcast
Arconic Corporation (ARNC)
Last arconic corporation earnings: 1/27 06:50 am
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US:NYSE Investor Relations:
arconic.com/global/en/investors/overview.asp
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Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)--As previously announced, Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) completed the sale of 100% of its Russian operations on November 15, 2022. As a result of the divestiture, and consistent with the sale announcement, the Company recorded a $304 million after-tax loss on the sale in the fourth quarter of 2022. In addition, the Company’s previous 2022 Adjusted EBITDA outlook, which included a full year of operating activity for the divested business, will be reduced by an estimated $9 million.Conference Call InformationThe Company will hold a webcast and teleconference to discuss fourth quarter 2022 and full year 2022 financial results on Tuesday, February 21, 2023 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the fourth quarter and full year ended December 31, 2022, prior to the opening of the market on February 21, 2023.A live webcast of the call will be available on the “Investor
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