AlcAlcoa Corporation's first quarter of 2023 was a disaster as the company failed to meet the revenue expectations of Wall Street and delivered wider-than-expected losses. Its revenues remained flat at $2.7 billion on lower shipments, realized prices were higher for both aluminum and alumina, with aluminum up 7% and alumina up 8% sequentially. The management believes that its bottom line improved due to stable sales and decreased expenses but this was more so at the adjusted EBITDA level. In Eur ....
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02 May 2023
Alcoa Corporation: Expansion of EcoSource Low-carbon Alumina Brand & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (04/23)
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Alcoa Corporation: Expansion of EcoSource Low-carbon Alumina Brand & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (04/23)
- Published:
02 May 2023 -
Author:
Ishan Majumdar -
Pages:
27 -
AlcAlcoa Corporation's first quarter of 2023 was a disaster as the company failed to meet the revenue expectations of Wall Street and delivered wider-than-expected losses. Its revenues remained flat at $2.7 billion on lower shipments, realized prices were higher for both aluminum and alumina, with aluminum up 7% and alumina up 8% sequentially. The management believes that its bottom line improved due to stable sales and decreased expenses but this was more so at the adjusted EBITDA level. In Eur ....