In Q4 2024, Alcoa Corporation (0HCB.L) demonstrated significant financial improvement, reporting revenues of $3.486 billion, reflecting a 20.04% increase sequentially and a staggering 34.34% year-over-year growth. The company's gross profit surged to $772 million, showcasing a gross margin expansion, attributed to enhanced operational efficiencies and favorable market conditions for aluminum pricing.
Furthermore, net income soared to $202 million, representing a remarkable 234.67% increase year-over-year, aligning with Alcoa's strategic focus on cost management and solid demand across its operating regions. The strong performance has positioned Alcoa favorably against competitors, while management remains optimistic about industry dynamics and future growth opportunities, despite potential headwinds from macroeconomic factors.