Alcoa Corporation
0HCB.L
$44.09 0.30%
Exchange: LSE | Sector: Basic Materials | Industry: Industrial Materials
Q2 2024
Published: Aug 2, 2024

Earnings Highlights

  • Revenue of $2.91B up 8.3% year-over-year
  • EPS of $0.11 increased by 119.3% from previous year
  • Gross margin of 12.8%
  • Net income of 20.00M
  • "We have successfully streamlined our operations, which has been instrumental in driving our profit margins up in challenging market conditions." - Management Team
0HCB.L
Alcoa Corporation

Executive Summary

In Q2 2024, Alcoa Corporation reported impressive financial results marked by a substantial recovery from previous quarters. The company achieved a revenue of $2.906 billion, up 11.81% quarter-over-quarter and 8.27% year-over-year. Notably, net income soared to $20 million, a remarkable 119.61% increase year-over-year, reflecting the company's successful optimization of operations and cost controls amidst fluctuating global demand for aluminum products.

The earnings call highlighted management's confidence in ongoing demand recovery and strong operational performance driven by effective management strategies. The company's ability to return to profitability is underscored by a gross profit margin improvement to 12.83% for the quarter. This report discusses key financial metrics, operational insights from the earnings call, and sets expectations for future performance.

Key Performance Indicators

Revenue
Increasing
2.91B
QoQ: 11.81% | YoY: 8.27%
Gross Profit
Increasing
373.00M
12.84% margin
QoQ: 91.28% | YoY: 120.71%
Operating Income
Increasing
92.00M
QoQ: 128.31% | YoY: 192.93%
Net Income
Increasing
20.00M
QoQ: 107.94% | YoY: 119.61%
EPS
Increasing
0.11
QoQ: 107.80% | YoY: 119.30%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 3,018.00 0.62 +3.9% View
Q1 2025 3,369.00 2.07 +29.6% View
Q4 2024 3,486.00 0.76 +34.3% View
Q3 2024 2,904.00 0.38 +11.6% View
Q2 2024 2,906.00 0.11 +8.3% View