|Bid||28.95 x 800|
|Ask||29.01 x 4000|
|Day's Range||27.86 - 29.41|
|52 Week Range||5.80 - 29.95|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||18.72|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Arconic Corporation (NYSE: ARNC) ("Arconic" or "the Company") today announced third quarter 2020 results, with reported revenue of $1.4 billion, up 19% from the prior quarter due to strength in automotive end-market volumes which recovered fully from the second quarter and exceeded third quarter 2019 levels. Year over year, revenues were down 22% reflecting weaker volumes across all end markets other than automotive primarily due to the impact of the pandemic. The Company reported net income of $5 million, or $0.05 per share, in third quarter 2020 compared with a net loss of $24 million, or $0.22 per share, in third quarter 2019.
Arconic Corp. (NYSE: ARNC) ("Arconic" or "the Company") will hold a webcast and teleconference to discuss third quarter 2020 financial results on Thursday, November 5, 2020 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the third quarter ended September 30, 2020, prior to the opening of the market on November 5, 2020.
Arconic Corporation (NYSE: ARNC) ("Arconic" or "the Company") today announced second quarter 2020 results, with reported revenue of $1.2 billion, down 38% year over year on weaker volumes across all segments and most end markets primarily due to the impact of the COVID-19 pandemic. The Company reported a net loss of $92 million, or $0.84 per share, in second quarter 2020 compared with net income of $5 million, or $0.04 per share, in second quarter 2019. The second quarter 2020 net loss included $76 million of after-tax special items primarily related to a non-cash charge to annuitize U.K. pension obligations, debt issuance costs, plant closure costs, and the previously announced restructuring. Second quarter 2020 Adjusted EBITDA was $94 million compared with $211 million in second quarter 2019 primarily as a result of lower volumes due to the impact of the COVID-19 pandemic partly mitigated by cost reduction actions.