Alcoa Corporation
AA
$46.14 -2.33%
Exchange: NYSE | Sector: Basic Materials | Industry: Aluminum
Q3 2024
Published: Oct 31, 2024

Earnings Highlights

  • Revenue of $2.90B up 11.6% year-over-year
  • EPS of $0.38 increased by 141.5% from previous year
  • Gross margin of 17.6%
  • Net income of 90.00M
  • ""We've maintained a fast pace of execution on our strategic priorities, while progressing operational excellence with safety, stability, and continuous improvement." - William Oplinger, CEO" - William Oplinger
AA
Alcoa Corporation

Executive Summary

Alcoa Corporation reported strong performance in Q3 2024, delivering revenue of $2.9 billion, a slight stabilization from the previous quarter. The company achieved a net income of $90 million, significantly up from $20 million in Q2 2024, reflecting an overall robust recovery following strategic actions and operational improvements. Adjusted EBITDA rose to $455 million, driven by increased prices for alumina amidst a favorable market environment. Management emphasized a strong focus on operational excellence, strategic acquisitions, and safety protocols, which are expected to support continued growth amid industry challenges.

Key Performance Indicators

Revenue
Increasing
2.90B
QoQ: -0.07% | YoY: 11.61%
Gross Profit
Increasing
511.00M
17.60% margin
QoQ: 37.00% | YoY: 284.21%
Operating Income
Increasing
184.00M
QoQ: 100.00% | YoY: 180.70%
Net Income
Increasing
90.00M
QoQ: 350.00% | YoY: 153.57%
EPS
Increasing
0.39
QoQ: 254.55% | YoY: 141.49%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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