Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +8.3% EPS YoY: +119.3% Move: -1.21%

Alcoa Corporation

$59.65 -1.21%

Exchange NYSE Sector Basic Materials Industry Aluminum

Q2 2024

Published: Aug 2, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AA

Reported

Report Date

Aug 2, 2024

Quarter Q2 2024

Revenue

2.91B

YoY: +8.3%

EPS

0.11

YoY: +119.3%

Market Move

-1.21%

Previous quarter: N/A

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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
"Our safety programs continue to drive the right behaviors and are being reflected in both leading and lagging indicators." - William Oplinger

Alcoa Corporation

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 7, 2026

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Executive Summary

In Q2 2024, Alcoa Corporation demonstrated a robust recovery, reporting a revenue increase to $2.9 billion, marking an 11.8% sequential growth fueled by higher aluminum and alumina prices. The company achieved a net income of $20 million, a significant turnaround from a net loss of $252 million in Q1 2024. Management highlighted ongoing safety improvements and successful operational strategies, including smelter production records and initiatives aimed at enhancing profitability. The anticipated acquisition of Alumina Limited is set to further strengthen Alcoa's competitive edge in the aluminum sector, expected to close on August 1, 2024. This quarter's performance underscores Alcoa's strategic positioning within a tightening market, with sustained demand and supply-side constraints set to shape future outcomes.

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

Financial Highlights

Financial Metrics Analysis
- Revenue: $2.906 billion (QoQ: +11.81%, YoY: +8.27%)
- Gross Profit: $373 million (QoQ: +91.28%, YoY: +120.71%)
- Operating Income: $92 million (QoQ: +128.31%, YoY: +192.93%)
- Net Income: $20 million (QoQ: +107.94%, YoY: +119.61%)
- EPS: $0.11 (QoQ: +107.80%, YoY: +119.30%)
- Cash Flow: Positive free cash flow of $123 million.
The growth in revenue and profitability is reflective of higher average realized prices for alumina and aluminum despite increased operational costs. Management noted that adjusted EBITDA improved to $325 million, up $193 million from the prior quarter, primarily driven by effective pricing strategies and production efficiency.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.91B	8.27%	11.81%
Gross Profit	373.00M	120.71%	91.28%
Operating Income	92.00M	192.93%	128.31%
Net Income	20.00M	119.61%	107.94%
EPS	0.11	119.30%	107.80%

Key Financial Ratios

Gross Profit Margin

Weak

12.80%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

3.17%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

0.69%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

0.14%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

0.51%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.55

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Elevated

0.65

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

High Growth

89.33x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

Fair Value

1.83x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	2,995.00	0.88	+3.1%	View
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

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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