No Near-Term Upside Catalysts in Sight for Arconic; We Forecast Modest Long-Term Margin Expansion
Although we expect Arconic to drive slow but steady profit growth in the coming years, we saw little progress in the fourth quarter. Ultimately, the company's fourth-quarter financial results will be overlooked due to the company's newly announced restructuring plan. Management indicated that Arconic will be split into two separate businesses called Engineered Products and Forgings and Global-Rolled Products. One of these businesses will ultimately be spun off from the parent and Arconic will pu...Arconic is engaged in lightweight metals engineering and manufacturing. The company's segments include: Engineered Products and Solutions, which produces products that are used mainly in the aerospace (commercial and defense), industrial, commercial transportation, and power generation end markets; Global Rolled Products, which produces aluminum sheet and plate for a variety of end markets, and also produces aseptic foil for the packaging end market; and Transportation and Construction Solutions, which produces products that are used in the commercial transportation and nonresidential building and construction end markets, and also produces aluminum products for the industrial products end market.
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