Arconic Reports Third 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
Company Research
Source: Business Wire
Third Quarter 2022 HighlightsSales of $2.3 billion, up 21% year over year, down 11% from prior quarterNet loss of $65 million, or $0.64 per share, compared with net income of $16 million, or $0.15 per share, in 3Q 2021. Third quarter 2022 includes an after-tax, non-cash asset impairment charge of $70 million related to the Extrusions segment business reviewAdjusted EBITDA of $143 million, down 16% year over yearCash provided from operations of $91 million PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today reported third quarter 2022 results. Revenue was $2.3 billion, down 11% from the prior quarter, primarily due to sequential declines in metal prices and lower sales volumes due to production outages and other operational challenges. The Company reported a net loss of $65 million, or $0.64 per share, compared with net income of $16 million, or $0.15 per share in third quarter 2021. Third quarter 2022 includes an after-tax, non-cash asse
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