Arconic's aerospace and automotive product lines will help the company deliver profitable growth.
Arconic reported slightly higher second-quarter profits versus the same period last year. In total, the company generated adjusted EBITDA of $486 million on $3.3 billion of revenue (a 14.9% margin). Having updated our valuation model, our $24 per share fair value estimate and no-moat rating are unchanged.Arconic's interim CEO, David Hess, started the company's earnings call with some brief comments downplaying the potential liabilities related to the materials Arconic supplied for the Grenfell ...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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