Arconic Reports Second Quarter 2022 Results
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
Second Quarter 2022 HighlightsSales of $2.5 billion, up 41% year over year, up 16% from prior quarterNet income of $114 million, or $1.05 per share, compared with a net loss of $427 million, or $3.89 per share, in second quarter 2021Adjusted EBITDA of $204 million, up 9% year over yearCash provided from operations of $162 million PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today reported second quarter 2022 results. Revenue was $2.5 billion, up 16% from the prior quarter, primarily due to the ramp up of packaging sales in the United States, growth in ground transportation and building and construction sales, ongoing recovery in aerospace, and aluminum prices. The Company reported net income of $114 million, or $1.05 per share, compared with a net loss of $427 million, or $3.89 per share in second quarter 2021. Second quarter 2022 net income includes after-tax net foreign currency gains of $48 million. Second quarter 2021 net loss inclu
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