ARNC Arconic Corporation

Arconic to Host Webcast and Announce First Quarter 2023 Results

Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) will hold a webcast and teleconference to discuss first quarter 2023 financial results on Thursday, May 4, 2023 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the first quarter ended March 31, 2023, prior to the opening of the market on May 4, 2023.

A live webcast of the call will be available on the “Investor Relations” page of the Company’s website under “Events and Presentations” .

To access the call by phone and participate in the event, please go to this , and you will be provided dial-in details. Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. A replay of the webcast will also be available for a limited time at Investor Relations “Events and Presentations” section of .

About Arconic

Arconic Corporation (NYSE: ARNC), headquartered in Pittsburgh, Pennsylvania, is a leading provider of aluminum sheet, plate and extrusions, as well as innovative architectural products, that advance the ground transportation, aerospace, industrial, packaging and building and construction markets.

EN
27/04/2023

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Reports on Arconic Corporation

 PRESS RELEASE

Arconic Completes Transaction with Apollo Funds

PITTSBURGH & NEW YORK--(BUSINESS WIRE)-- Arconic Corporation (“Arconic” or the “Company”) and Apollo (NYSE: APO) today announced that Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from funds managed by affiliates of Irenic Capital Management (“Irenic”). The Company will continue to operate under the Arconic name and brand. Tim Myers, Arconic Chief Executive Officer, said, “The closing of this transaction with Apollo Funds brings new perspective combined with deep industry expertise that will benefit our customers, employ...

 PRESS RELEASE

Arconic Reports Second Quarter 2023 Results

PITTSBURGH--(BUSINESS WIRE)-- Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) today reported second quarter 2023 results. Sales were $2.0 billion, down 22% year over year due to lower aluminum prices and the divestiture of Russian Operations and up 1% organically driven by strength in aerospace and ground transportation offset by declines in industrial, packaging, and building and construction. The Company reported net income of $59 million, or $0.58 per share, compared with $114 million, or $1.05 per share, in second quarter 2022. Second quarter 2023 Adjusted EBITDA was $198 m...

 PRESS RELEASE

Arconic Shareholders Approve Acquisition by Apollo Funds

PITTSBURGH--(BUSINESS WIRE)-- Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that its shareholders have voted at a special meeting of Arconic shareholders (the "Special Meeting") to approve the Company's pending acquisition by funds managed by affiliates of Apollo (NYSE: APO) including a minority investment from funds managed by affiliates of Irenic Capital Management. Under the terms of the merger agreement, Arconic shareholders will receive $30.00 per share in cash for every share of Arconic common stock they own immediately prior to the effective time of the m...

 PRESS RELEASE

Arconic Presents 2030 Sustainability Goals, Launches REAL Commitment C...

PITTSBURGH--(BUSINESS WIRE)-- Leading aluminum sheet, plate, extrusions, and architectural products manufacturer Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced the details of its 2030 Sustainability Goals along with a campaign that will highlight the Company’s commitment and progress toward its sustainability agenda. In four key areas – Planet, People, Products, and Process – Arconic is targeting to achieve the following results by 2030 compared to a base year of 2021: 30% reduction in Scope 1, 2, and 3 GHG emissions intensity 10% reduction in energy intensity ...

 PRESS RELEASE

Arconic Reports First Quarter 2023 Results

PITTSBURGH--(BUSINESS WIRE)-- Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) today reported first quarter 2023 results. Sales were $1.9 billion, down 12% year over year and up 6% organically due to strength in aerospace, packaging, and ground transportation sales partially offset by weak industrial sales. The Company reported net income of $25 million, or $0.24 per share, compared with $42 million, or $0.39 per share, in first quarter 2022. First quarter 2023 Adjusted EBITDA was $157 million, up 8% sequentially on a comparable basis excluding Russian Operations. Growth was dri...

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