View ValuationAlcoa 将来の成長Future 基準チェック /16Alcoa利益と収益がそれぞれ年間6.7%と2.6%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に18.2% 5.3%なると予測されています。主要情報6.7%収益成長率5.30%EPS成長率Metals and Mining 収益成長19.3%収益成長率2.6%将来の株主資本利益率18.24%アナリストカバレッジGood最終更新日07 May 2026今後の成長に関する最新情報お知らせ • Apr 18Alcoa Corporation Provides Operating Guidance for the Year 2026Alcoa Corporation Provides Operating Guidance for the Year 2026. For the period, the company total Alumina segment production and shipments to remain unchanged from its prior projection, ranging between 9.7 to 9.9 million metric tons, and between 11.8 and 12.0 million metric tons, respectively. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts. Total Aluminum segment production and shipments to remain unchanged from its prior projection, ranging between 2.4 and 2.6 million metric tons, and between 2.6 and 2.8 million metric tons, respectively.お知らせ • Jan 23Alcoa Corporation Provides Production Guidance for the Year 2025Alcoa Corporation provided production guidance for the year 2025. The company expects 2026 total Alumina segment production to range between 9.7 and 9.9 million metric tons, an increase from 2025 due to productivity improvements. In 2026, alumina shipments are expected to be between 11.8 and 12.0 million metric tons. The difference between production and shipments, which decreased from 2025, reflects trading volumes and externally sourced alumina to fulfill customer contracts. Alcoa expects 2026 total Aluminum segment production to range between 2.4 and 2.6 million metric tons, an increase from 2025 due to smelter restarts. In 2026, aluminum shipments are expected to range between 2.6 and 2.8 million metric tons.お知らせ • Jan 23Alcoa Corporation Provides Operating Guidance for the Year 2025Alcoa Corporation provided operating guidance for the year 2025. The company expects 2025 total Alumina segment production to range between 9.5 to 9.7 million metric tons, a decrease from 2024 due to the curtailment of the Kwinana refinery. In 2025, alumina shipments are expected to be between 13.1 and 13.3 million metric tons, consistent with 2024. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery.お知らせ • Apr 18Alcoa Corporation Provides Production Guidance for the Year 2024Alcoa Corporation provided production guidance for the year 2024. For the year, the company expected 2024 total Alumina segment production and shipments to remain unchanged from the prior projection, ranging between 9.8 and 10.0 million metric tons, and between 12.7 and 12.9 million metric tons, respectively. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery. Alcoa expected 2024 total Aluminum segment production and shipments to remain unchanged from the prior projection, ranging between 2.2 and 2.3 million metric tons, and between 2.5 and 2.6 million metric tons, respectively.お知らせ • Jan 18Alcoa Provides Production Guidance for the Year 2024Alcoa provided production guidance for the year 2024. For 2024, the Company is providing an outlook for both production and shipments for both segments. Alcoa expects alumina production to range between 9.8 and 10.0 million metric tons and alumina shipments to range between 12.7 and 12.9 million metric tons in 2024. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery. The Aluminum segment is expected to produce 2.2 to 2.3 million metric tons, an increase from 2023 due to smelter restarts. Aluminum shipments are expected to be between 2.5 million and 2.6 million metric tons, consistent with 2023, as increased shipments from smelter restarts are offset by lower trading volumes.お知らせ • Jul 22Alcoa Corporation Provides Production Guidance for the Full Year of 2023Alcoa Corporation provided production guidance for the full year of 2023. The Company expects 2023 total alumina and aluminum shipments to remain unchanged between 12.7 and 12.9 million metric tons, and between 2.5 and 2.6 million metric tons, respectively.すべての更新を表示Recent updatesお知らせ • May 08Alcoa Corporation announces Quarterly dividend, payable on June 05, 2026Alcoa Corporation announced Quarterly dividend of USD 0.1000 per share payable on June 05, 2026, ex-date on May 19, 2026 and record date on May 19, 2026.お知らせ • Apr 18Alcoa Corporation Provides Operating Guidance for the Year 2026Alcoa Corporation Provides Operating Guidance for the Year 2026. For the period, the company total Alumina segment production and shipments to remain unchanged from its prior projection, ranging between 9.7 to 9.9 million metric tons, and between 11.8 and 12.0 million metric tons, respectively. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts. Total Aluminum segment production and shipments to remain unchanged from its prior projection, ranging between 2.4 and 2.6 million metric tons, and between 2.6 and 2.8 million metric tons, respectively.お知らせ • Mar 20Alcoa Corporation, Annual General Meeting, May 06, 2026Alcoa Corporation, Annual General Meeting, May 06, 2026.お知らせ • Mar 16Alcoa Corporation to Report Q1, 2026 Results on Apr 16, 2026Alcoa Corporation announced that they will report Q1, 2026 results After-Market on Apr 16, 2026お知らせ • Mar 04Alcoa Corporation Appoints Emily Olson as Executive Vice President and Chief External Affairs Officer, Effective April 6, 2026Alcoa Corporation announced that Emily Olson will join Alcoa on April 6, 2026, as Executive Vice President and Chief External Affairs Officer. Olson will lead Alcoa’s global external affairs and communications organization, including government affairs, communications, stakeholder engagement and the Alcoa Foundation. She will serve as a member of the Company’s Executive Team and will work closely with senior leadership to advance Alcoa’s strategic priorities and strengthen engagement with key external stakeholders worldwide. Olson brings over 20 years of leadership experience across capital intensive industries in the Americas, Europe and Asia. Most recently, Olson served as Chief Sustainability and Corporate Affairs Officer at Vale Base Metals, where she led an integrated global team spanning government relations, communications, sustainability and licensing. In that role she served as the company’s chief liaison with governments globally — working directly with federal and regional leaders as well as key stakeholders and partners — while advising the CEO and board on geopolitical risk and strategic nontechnical risks. Olson led Vale’s major business interests in Indonesia and served as Chairman of PT Vale. Prior to Vale, Olson served as Vice President, Global Strategic Relations at Freeport-McMoRan, where she led the integration of government affairs, communications and community affairs, and advised the CEO and board on country-level geopolitical risks. Olson spent nearly 15 years at BP plc in progressively senior government affairs and business leadership roles across Washington, D.C., Houston and London. As Senior Vice President for Europe and Russia, she led geopolitical risk management across 15 countries and directed government affairs strategy spanning Brussels, Moscow, Berlin and the Caspian region. She also served as Vice President for the Southern Gas Corridor, where she led government advocacy across six countries and guided a consortium of eleven partners to deliver a $40 billion pipeline project. Before joining the private sector, Olson served as legislative staff in the U.S. House of Representatives and held senior public policy roles in the agricultural sector. She holds a bachelor’s degree in political science from Loyola University of Chicago and a master’s degree in international strategy and diplomacy from the London School of Economics.お知らせ • Feb 27Alcoa Corporation Declares Cash Dividend for the Quarter Ended December 31, 2025, Payable on March 26, 2026Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock for the quarter ended December 31, 2025, to be paid on March 26, 2026 to stockholders of record as of the close of business on March 10, 2026 and ex-date of March 9, 2026.お知らせ • Jan 23Alcoa Corporation Provides Production Guidance for the Year 2025Alcoa Corporation provided production guidance for the year 2025. The company expects 2026 total Alumina segment production to range between 9.7 and 9.9 million metric tons, an increase from 2025 due to productivity improvements. In 2026, alumina shipments are expected to be between 11.8 and 12.0 million metric tons. The difference between production and shipments, which decreased from 2025, reflects trading volumes and externally sourced alumina to fulfill customer contracts. Alcoa expects 2026 total Aluminum segment production to range between 2.4 and 2.6 million metric tons, an increase from 2025 due to smelter restarts. In 2026, aluminum shipments are expected to range between 2.6 and 2.8 million metric tons.Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €54.58, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Total returns to shareholders of 14% over the past three years.お知らせ • Dec 19Alcoa Corporation to Report Q4, 2025 Results on Jan 22, 2026Alcoa Corporation announced that they will report Q4, 2025 results After-Market on Jan 22, 2026お知らせ • Oct 23Alcoa Corporation Declares Quarterly Cash Dividend, Payable on November 21, 2025Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on November 21, 2025 to stockholders of record as of the close of business on November 4, 2025.お知らせ • Oct 21Alcoa Corporation Announces Support for its Gallium Critical Mineral Development Project in Western AustraliaAlcoa Corporation welcomes the announcement of the United States and Australian governments to advance the development of a gallium plant to be co-located at the Company's Wagerup alumina refinery in Western Australia. This latest development follows support given for the project from Japan Australia Gallium Associates Pty Ltd. ("JAGA"), a joint venture between the Japanese Government and Sojitz Corporation ("Sojitz"), through a Joint Development Agreement ("JDA") with Alcoa announced in August 2025. Following completion of feasibility assessments, Alcoa expects that a joint U.S., Australia and Alcoa special purpose vehicle ("SPV") would enter into the joint venture with JAGA to construct a gallium plant. The plant, which would be operated by Alcoa, would be expected to produce 100 metric tons of gallium annually. Under the terms of the non-binding agreement, the U.S. and Australian governments and Alcoa would provide capital to the SPV and receive gallium offtake in proportion to their interests. Among other purposes, the capital would be used for preparation of final feasibility studies, and the development and construction of the project. Definitive agreements for the gallium joint venture will be prepared among the governments of the United States, Australia and Japan, and Alcoa and Sojitz. Gallium is naturally present in bauxite, the raw material used in the production of alumina, and can be extracted during the refining process. Gallium is a critical mineral essential to technology, especially the semiconductor industry and defense sectors and is recognized as vital to national security by the United States,Australia and Japan. Globally, gallium production is concentrated from a single source, and market controls have heightened interest in establishing and securing alternate supply chains. Alcoa will continue to work cooperatively with the Western Australian Government to progress the project under the State Agreement and approvals framework. The parties are targeting 2026 for final investment decision and production.お知らせ • Sep 30Alcoa Corporation Announces Closure of Kwinana Alumina Refinery in Western AustraliaAlcoa Corporation announced that it will permanently close its Kwinana alumina refinery in Western Australia. This decision follows the curtailment of production at the refinery in June 2024. Alcoa has undertaken numerous studies and analyses since curtailment to determine the future of the refinery, including restart and closure. Multiple factors led to the decision to permanently close the refinery, including the age of the facility, scale and operating costs, market conditions and bauxite grade challenges. Alcoa will work with relevant stakeholders on a safe and responsible closure of the refinery and associated residue storage areas. Additionally, Alcoa will begin to prepare the site for new economic development opportunities, and as part of this, the Company will work with the Western Australian State Government on potential future land use options. Alcoa's port and associated rail facilities at Kwinana will continue to operate, as will Alcoa's strategically important other Western Australian and Victorian operations. The Kwinana refinery currently has approximately 220 employees; this number will be reduced during 2026 as the closure progresses. Certain employees will remain beyond 2026 to prepare the site for future redevelopment. Associated severance costs were previously recorded in the first quarter of 2024.Permanently closing Kwinana's 2.2 million metric tons of annual capacity will bring Alcoa's global consolidated refining capacity to 11.7 million metric tons. While the restructuring charge decreases the Company's annualized effective tax rate, Alcoa's defined operational tax expense includes the interim tax impacts required under GAAP, which has the effect of smoothing tax provisioned across quarters, resulting in a lower tax benefit in the third quarter. As a consequence, the fourth quarter operational tax expense will be lower.お知らせ • Sep 22Alcoa Corporation to Report Q3, 2025 Results on Oct 22, 2025Alcoa Corporation announced that they will report Q3, 2025 results at 4:00 PM, Eastern Daylight on Oct 22, 2025お知らせ • Jul 31Alcoa Corporation Declares Quarterly Cash Dividend for Common Stock, Payable on August 28, 2025Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of USD 0.10 per share of the Company’s common stock to be paid on August 28, 2025 to stockholders of record as of the close of business on August 12, 2025. Ex date is August 11, 2025.お知らせ • Jul 02Saudi Arabian Mining Company (Ma'aden) (SASE:1211) completed the acquisition of the remaining 25.10% stake in Ma’aden Bauxite and Alumina Company and Ma’aden Aluminium Company from Alcoa Corporation (NYSE:AA).Saudi Arabian Mining Company (Ma'aden) (SASE:1211) entered into a share purchase and subscription agreement to acquire remaining 25.10% stake in Ma’aden Bauxite and Alumina Company and Ma’aden Aluminium Company from Alcoa Corporation (NYSE:AA) for $1.04 billion on September 15, 2024. Under the terms of agreement, Alcoa agrees to sell its full ownership interest of 25.1% in each of its joint ventures with Ma’aden, comprising the Ma’aden Bauxite and Alumina Company and the Ma’aden Aluminium Company, to Ma’aden in exchange for the issuance by Ma’aden of 85,977,547 shares of Ma’aden (valued at $950 million) and $150 million in cash. The shares of Ma’aden to be issued in the transaction will be subject to transfer and sale restrictions. Alcoa will hold its Ma’aden shares for a minimum of three years, with one-third of the shares becoming transferable after each of the third, fourth, and fifth anniversaries of closing of the transaction (the “holding period”). During the holding period, Alcoa would be permitted to hedge and borrow against its Ma’aden shares. Under certain circumstances, such minimum holding period would be reduced. As part of consideration, $1.1 billion is paid towards common equity of Ma’aden Bauxite and Alumina Company/Ma’aden Aluminium Company. Upon completion, Saudi Arabian Mining Company (Ma'aden) will own 100% stake in Ma’aden Bauxite and Alumina Company and Ma’aden Aluminium Company. The transaction is subject to regulatory approvals, approval by Ma’aden’s shareholders and other customary closing conditions. The expected completion of the transaction is in the first half of 2025. Citigroup Inc. acted as financial advisor for Alcoa Corporation. David Lewis, Mark Richardson, Philip Broke, Margot Berry, Will Smith and Sami E. Al-Louzi of White & Case LLP acted as legal advisor for Alcoa Corporation. SNB Capital Company served as financial advisor to Ma’aden and AS&H Clifford Chance acted as legal advisor to Ma’aden. Saudi Arabian Mining Company (Ma'aden) (SASE:1211) completed the acquisition of the remaining 25.10% stake in Ma’aden Bauxite and Alumina Company and Ma’aden Aluminium Company from Alcoa Corporation (NYSE:AA) on July 1, 2025. Alcoa received proceeds of approximately 86 million shares of Ma’aden (valued at approximately $1.2 billion) and $150 million in cash (to be used primarily for related taxes and transaction costs) and expects to record a gain of approximately $780 million in other income in the third quarter of 2025. Consistent with prior transactions, Alcoa reflects gains or losses from non-core asset sales as special items. Pursuant to the terms of the Agreement, Alcoa will hold its Ma’aden shares for a minimum of three years and can sell one-third of the shares after each of the third, fourth and fifth anniversaries of closing of the transaction.お知らせ • Jun 23Alcoa Corporation to Report Q2, 2025 Results on Jul 16, 2025Alcoa Corporation announced that they will report Q2, 2025 results at 4:00 PM, Eastern Daylight on Jul 16, 2025お知らせ • May 10Alcoa Corporation Announces Appointment of Thomas Gorman as Chair of Board of DirectorSims Limited advises that non-executive Director, Mr. Thomas Gorman, will retire from the Sims Board effective immediately following his appointment as Chair of the Alcoa Corporation Board of Directors. Mr. Gorman joined the Sims Board in June 2020 and served as Chair of the Safety, Health, Environmental, Community, and Sustainability (SHECS) Committee and a member of the Nomination/Governance Committee.お知らせ • May 09Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 6, 2025Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 6, 2025 to stockholders of record as of the close of business on May 20, 2025.お知らせ • Mar 24Alcoa Corporation to Report Q1, 2025 Results on Apr 16, 2025Alcoa Corporation announced that they will report Q1, 2025 results After-Market on Apr 16, 2025お知らせ • Mar 20Alcoa Corporation, Annual General Meeting, May 08, 2025Alcoa Corporation, Annual General Meeting, May 08, 2025.お知らせ • Feb 23Alcoa Corporation Declares Quarterly Cash Dividend, Payable on March 20, 2025Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock to be paid on March 20, 2025 to stockholders of record as of the close of business on March 4, 2025.お知らせ • Feb 22Alcoa Corporation Announces Steven W. Williams to Not Stand for Re-Election as A Member Board of DirectorAlcoa Corporation announced that on February 20, 2025, Mr. Steven W. Williams provided notice to Alcoa Corporation that he will not stand for re-election as a member of the Company’s Board of Directors (the “Board”) at the Company’s 2025 Annual Meeting of Stockholders (the “Annual Meeting”). Mr. Williams has served as a director of the Company since its launch as a public company in 2016 and as Chairman of the Board since 2021. He will continue to serve as a director and the Chairman of the Board until the end of his term at the conclusion of the Annual Meeting (the “Effective Time”). Mr. Williams’ decision to not stand for re-election is not due to any disagreement with the Board or the Company. Immediately upon the Effective Time, the size of the Board will be reduced to eleven directors.お知らせ • Jan 23Alcoa Corporation Provides Operating Guidance for the Year 2025Alcoa Corporation provided operating guidance for the year 2025. The company expects 2025 total Alumina segment production to range between 9.5 to 9.7 million metric tons, a decrease from 2024 due to the curtailment of the Kwinana refinery. In 2025, alumina shipments are expected to be between 13.1 and 13.3 million metric tons, consistent with 2024. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery.お知らせ • Dec 30Alcoa Corporation to Report Q4, 2024 Results on Jan 22, 2025Alcoa Corporation announced that they will report Q4, 2024 results After-Market on Jan 22, 2025Recent Insider Transactions • Oct 25Executive VP & Chief Commercial Officer recently sold €934k worth of stockOn the 22nd of October, Renato Bacchi sold around 24k shares on-market at roughly €39.11 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.7m more than they bought in the last 12 months.Declared Dividend • Oct 18Third quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 29th October 2024 Payment date: 15th November 2024 Dividend yield will be 1.0%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time.Reported Earnings • Oct 17Third quarter 2024 earnings released: EPS: US$0.39 (vs US$0.94 loss in 3Q 2023)Third quarter 2024 results: EPS: US$0.39 (up from US$0.94 loss in 3Q 2023). Revenue: US$2.90b (up 12% from 3Q 2023). Net income: US$90.0m (up US$258.0m from 3Q 2023). Profit margin: 3.1% (up from net loss in 3Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.お知らせ • Oct 16Alcoa Corporation Declares Quarterly Cash Dividend, Payable on November 15, 2024Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock and Series A convertible preferred stock, to be paid on November 15, 2024 to stockholders of record as of the close of business on October 29, 2024.お知らせ • Sep 25Alcoa Corporation to Report Q3, 2024 Results on Oct 16, 2024Alcoa Corporation announced that they will report Q3, 2024 results After-Market on Oct 16, 2024Board Change • Sep 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director John Bevan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.New Risk • Aug 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (45% increase in shares outstanding).Declared Dividend • Aug 04Second quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 12th August 2024 Payment date: 29th August 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time.お知らせ • Aug 02+ 6 more updatesAlcoa Corporation(ASX:AAI) dropped from S&P/ASX 300 IndexAlcoa Corporation(ASX:AAI) dropped from S&P/ASX 300 Indexお知らせ • Aug 01+ 1 more updateAlcoa Corporation (NYSE:AA) completed the acquisition of Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others.Alcoa Corporation (NYSE:AA) made an offer to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billion on February 23, 2024. Alcoa Corporation (NYSE:AA) entered into share sale agreement to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billion on February 25, 2024. As of March 11, 2024, Alcoa entered into a binding Scheme Implementation Deed to acquire Alumina from Allan Gray Australia Pty Ltd. and others. As per the transaction, Alcoa Corporation will issue 0.02854 shares for each Alumina Limited shares as a purchase consideration. Upon completion of the transaction, Alumina Limited shareholders would own 31.25%, and Alcoa shareholders would own 68.75% of the combined company. In addition, two new mutually agreed upon Australian directors from Alumina Limited’s Board would be appointed to Alcoa’s Board of Directors upon closing of the transaction. The SID includes certain circumstances in which a break fee of AUD 33.2794 million would be payable to Alcoa, or a reverse break fee of up to AUD 75.635 million would be payable to Alumina. Alcoa has agreed to establish a foreign exempt listing on the Australian Securities Exchange (ASX), which would enable Alumina shareholders to trade shares of Alcoa common stock via CDIs on the ASX, in the same way they would normally trade ASX-listed Alumina shares. The Independent Non-executive Directors and Managing Director and CEO of Alumina recommend and Alcoa's Boards of Directors recommend that its shareholders vote in favor of the transaction. The transaction is subject to implementation of definitive agreement. The transaction is expected to be completed in the third quarter 2024, subject to the satisfaction of customary conditions as well as approval by both companies’ shareholders and receipt of required regulatory approvals. The required regulatory approvals include approvals from Australia’s Foreign Investment Review Board, from the antitrust regulators in Australia and Brazil, shareholder approval of Alumina and Alcoa; approval of the Federal Court of Australia; receipt of confirmation of an ATO class ruling for scrip-for-scrip roll over relief; and other customary conditions. The transaction is not conditional on due diligence or financing. As of May 13, 2024, The acquisition of Alumina by Alco has been approved by Brazil's anti-trust body CADE. The deal is subject to approval by the antitrust authorities of other countries. As of May 20, 2024, Alcoa Corporation entered into a Deed of Amendment and Restatement of the Scheme Implementation Deed with Alumina Limited. As per amendment deed Alumina Limited shareholders will continue to receive the previously announced Scheme Consideration of 0.02854 New CHESS Depositary Interests or equivalent for each Alumina Limited share. Each New Alcoa CDI represents a unit of beneficial ownership in a share of Alcoa common stock. Alumina Limited shareholders will be able to trade Alcoa common stock via the New Alcoa CDIs, which will be listed on the Australian Securities Exchange. Alcoa and Alumina Limited have amended the Agreement whereby an affiliate of CITIC will receive a small proportion, approximately 1.5% of the pro forma outstanding Alcoa common stock, of its consideration under the Scheme in non-voting convertible series A preferred stock instead of New Alcoa CDIs. As of June 13, 2024, Alcoa has received Australian Foreign Investment Review Board (FIRB) approval in relation to the transaction. The transaction is still subject to the satisfaction or waiver of other conditions precedent, including approval by Alumina shareholders and Alcoa stockholders, as well as approval by Federal Court of Australia. As of June 18, 2024, Alumina is pleased to confirm that the Scheme Booklet has been dispatched to Alumina shareholders in the manner described in its announcement on June 11, 2024. As of June 27, 2024, Shareholder lawsuit hit the acquisition. Transaction is expected to complete on August 1, 2024. As of July 16, 2024 Alumina shareholders approved the Scheme of arrangement. On July 17, 2024, the approval from the Ministry of Finance of the PRC for the Transaction was obtained. The filing with the National Development and Reform Commission of the PRC in respect of the Transaction is expected to be made before the implementation of the Transaction. As of July 22, 2024, Federal Court of Australia approved the scheme. On July 23, 2024 scheme got effective. J.P. Morgan Securities LLC and UBS Investment Bank acted as financial advisors and Kylie Lane, Susannah Macknay, Peter Moh, Ian Kellock, Costa Koutsis, Bronwyn Kirkwood and Justin Jones of Ashurst - New York and James P. Dougherty, Cheryl Chan, Corey M. Goodman, Liang Zhang and Michael Kaplan of Davis Polk & Wardwell LLP acted as legal advisors to Alcoa Corporation. Merrill Lynch Markets (Australia) Pty Limited and Flagstaff Partners Pty Ltd acted as financial advisors and Will Heath, Scott Langford, Stephen Minns, Greg Protektor, Annamarie Rooding, Catherine Danne, Christopher Kok, Mandy Tsang and Intan Eow of King & Wood Mallesons, Australia Branch and Ben Fleming, Kevin Akrong, Michelle Thiry, John Estes, Jin Lee, Matthew Friestedt, Sarah Remmer Long, Hollie Chenault, Eric Wang and Eli Dubin, Mehdi Ansari, Matthew Brennan and William Bekker of Sullivan & Cromwell acted as legal advisors to Alumina Limited. Grant Samuel Group Limited acted as a fairness opinion provider. Pricewaterhousecoopers Securities Limited acted as accountant and Computershare Investor Services Pty Limited acted as registrar to Alumina Limited. Daniel O. Andreoli of Demarest advised, as deal counsel, on the transaction ot Alcoa. Alcoa Corporation (NYSE:AA) completed the acquisition of Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others on August 1, 2024.お知らせ • Jul 23Alcoa Corporation has filed a Follow-on Equity Offering.Alcoa Corporation has filed a Follow-on Equity Offering. Security Name: Chess Depositary Interest Security Type: Depositary Receipt (Common Stock) Securities Offered: 78,939,432Reported Earnings • Jul 18Second quarter 2024 earnings released: EPS: US$0.11 (vs US$0.57 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.11 (up from US$0.57 loss in 2Q 2023). Revenue: US$2.91b (up 8.3% from 2Q 2023). Net income: US$20.0m (up US$122.0m from 2Q 2023). Profit margin: 0.7% (up from net loss in 2Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.お知らせ • Jun 27Alcoa Corporation to Report Q2, 2024 Results on Jul 17, 2024Alcoa Corporation announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 17, 2024Declared Dividend • May 13First quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 20th May 2024 Payment date: 7th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time.お知らせ • May 11Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 7, 2024Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 7, 2024 to stockholders of record as of the close of business on May 21, 2024.Reported Earnings • May 06First quarter 2024 earnings released: US$1.41 loss per share (vs US$1.30 loss in 1Q 2023)First quarter 2024 results: US$1.41 loss per share (further deteriorated from US$1.30 loss in 1Q 2023). Revenue: US$2.60b (down 2.7% from 1Q 2023). Net loss: US$252.0m (loss widened 9.1% from 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 18First quarter 2024 earnings released: US$1.41 loss per share (vs US$1.30 loss in 1Q 2023)First quarter 2024 results: US$1.41 loss per share (further deteriorated from US$1.30 loss in 1Q 2023). Revenue: US$2.60b (down 2.7% from 1Q 2023). Net loss: US$252.0m (loss widened 9.1% from 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.お知らせ • Apr 18Alcoa Corporation Provides Production Guidance for the Year 2024Alcoa Corporation provided production guidance for the year 2024. For the year, the company expected 2024 total Alumina segment production and shipments to remain unchanged from the prior projection, ranging between 9.8 and 10.0 million metric tons, and between 12.7 and 12.9 million metric tons, respectively. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery. Alcoa expected 2024 total Aluminum segment production and shipments to remain unchanged from the prior projection, ranging between 2.2 and 2.3 million metric tons, and between 2.5 and 2.6 million metric tons, respectively.お知らせ • Mar 27Alcoa Corporation to Report Q1, 2024 Results on Apr 17, 2024Alcoa Corporation announced that they will report Q1, 2024 results After-Market on Apr 17, 2024お知らせ • Mar 20Alcoa Corporation, Annual General Meeting, May 10, 2024Alcoa Corporation, Annual General Meeting, May 10, 2024, at 09:30 US Eastern Standard Time. Agenda: To consider election of 10 director nominees to serve for one-year terms expiring in 2025; to ratification of the appointment of PricewaterhouseCoopers llp as the company's independent auditor for 2024; to approval, on an advisory basis, of the company's 2023 named executive officer compensation; stockholder proposal requesting the preparation of an annual report on lobbying activities, if properly presented; and transaction of such other business as may properly come before the annual meeting or any adjournment or postponement thereof; and to consider other matters if any.お知らせ • Feb 26Alcoa Corporation (NYSE:AA) made an offer to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billionAlcoa Corporation (NYSE:AA) made an offer to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billion on February 23, 2024. Alcoa Corporation (NYSE:AA) entered into share sale agreement to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billion on February 26, 2024. As per the transaction, Alcoa Corporation will issue 0.02854 shares for each Alumina Limited shares as a purchase consideration. The transaction is subject to implementation of definitive agreement. J.P. Morgan Securities LLC and UBS Investment Bank acted as financial advisors and Ashurst - New York and Davis Polk & Wardwell LLP acted as legal advisors to Alcoa Corporation. Merrill Lynch Equities (Australia) Limited and Flagstaff Partners Pty Ltd acted as financial advisors and King & Wood Mallesons, Australia Branch acted as legal advisor to Alumina Limited.お知らせ • Feb 22Alcoa Corporation Declares Quarterly Cash Dividend on the Common Stock, Payable on March 21, 2024Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on March 21, 2024 to stockholders of record as of the close of business on March 5, 2024.お知らせ • Jan 18Alcoa Provides Production Guidance for the Year 2024Alcoa provided production guidance for the year 2024. For 2024, the Company is providing an outlook for both production and shipments for both segments. Alcoa expects alumina production to range between 9.8 and 10.0 million metric tons and alumina shipments to range between 12.7 and 12.9 million metric tons in 2024. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery. The Aluminum segment is expected to produce 2.2 to 2.3 million metric tons, an increase from 2023 due to smelter restarts. Aluminum shipments are expected to be between 2.5 million and 2.6 million metric tons, consistent with 2023, as increased shipments from smelter restarts are offset by lower trading volumes.お知らせ • Jan 09Alcoa Corporation Announces Curtailment of Kwinana Alumina Refinery in Western AustraliaAlcoa Corporation announced it plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter. The Kwinana refinery has an annual nameplate production capacity of 2.2 million metric tons. The refinery has been operating at approximately 80% of its nameplate capacity since January of 2023. The curtailment will include a phased reduction of the workforce from around 800 employees at the start of 2024 to approximately 250 in the third quarter of this year, when all alumina production will cease. Certain processes, however, will continue until about the third quarter of 2025, when employee numbers will be further reduced to approximately 50. The refinery and associated residue storage facilities will continue to be actively managed. Alcoa’s port facilities located alongside the refinery will continue to operate to import raw materials and export alumina produced at the Company’s Pinjarra Alumina Refinery. Production at the Pinjarra and Wagerup refineries is not expected to be impacted by the curtailment at Kwinana.お知らせ • Dec 28Alcoa Corporation to Report Q4, 2023 Results on Jan 17, 2024Alcoa Corporation announced that they will report Q4, 2023 results After-Market on Jan 17, 2024お知らせ • Dec 22+ 1 more updateAlcoa Corporation Appoints Matthew Reed as Executive Vice President and Chief Operations Officer, Effective on January 1, 2024On December 15, 2023, the Board of Directors of Alcoa Corporation appointed Mr. Matthew Reed to serve as the Company’s Executive Vice President and Chief Operations Officer, effective on January 1, 2024. Mr. Reed, 51, has served as the Company’s Vice President of Operations, Australia and President, Alcoa of Australia since June 2023. Previously, Mr. Reed was the Operations Executive (Chief Operating Officer) of OZ Minerals Limited, an international mining company based in South Australia (“OZ Minerals”), with responsibility for operating assets and brownfield projects, from September 2021 through May 2023. Prior to that, Mr. Reed was General Manager, Projects at OZ Minerals from January 2021 through August 2021. Mr. Reed was the Executive Managing Director (Chief Operating Officer) at SIMEC Mining, a mining company based in South Australia, from September 2017 through December 2020.お知らせ • Dec 15Alcoa Corporation Welcomes Decisions That Support Western Australian OperationsAlcoa Corporation welcomed decisions from the Western Australian (WA) Government that will allow the Company to continue bauxite mining and downstream alumina refineries in the State, while also pledging to enhance the way it operates to meet evolving requirements and expectations. The government has announced that it will approve Alcoa's latest five-year mine plan known as the 2023-2027 Mining and Management Program (MMP) for its Huntly and Willowdale bauxite mines. In addition, the government has granted an exemption that will allow Alcoa to continue its mining operations if the WA Environmental Protection Authority (EPA) decides to undertake a separate environmental impact assessment on all or parts of the MMP. The EPA's determination is expected by year end. Alcoa will be subject to a range of stringent conditions addressing key environmental factors that will include enhanced protections for drinking water, including increased distances from reservoirs, and biodiversity along with accelerated forest rehabilitation. At the request of the State, the Company will also provide a AUD 100 million (approx. USD 66 million) guarantee, demonstrating Alcoa's confidence that its operations will not impair drinking water supplies. Clearing for mining in the Northern Jarrah Forest will be capped at 800 hectares per year and the current rate of rehabilitation will double to reach 1,000 hectares per year by 2027. Separately, Alcoa has committed to work with the WA Government to modernize the State Agreements and the approvals framework for its two bauxite mines and three alumina ref refinery in the State. This includes transitioning all proposed new major mining regions to the more contemporary EPA assessment and approvals process. Alcoa started this process in 2020, when it referred its next two proposed mine regions (Myara North and Holyoake) for EPA assessment. These commitments are in addition to Alcoa's earlier decisions to forgo mining around the forest towns of Dwellingup and Jarrahdale to enhance protections for lifestyle and recreation values. The new MMP will support mining at Alcoa's current Myara and Larego regions at its Huntly and Willowdale mines. It does not affect the EPA environmental impact assessment already underway for Myara North and Holyoake, the two proposed new mine regions. That assessment is continuing with mining in these new regions not expected to occur any earlier than 2027. Until then, Alcoa expects bauxite quality to be similar to recently reduced grades. Bauxite quality at Myara North and Holyoakes is expected to be consistent with historic higher grades.Upcoming Dividend • Oct 23Upcoming dividend of US$0.10 per share at 1.7% yieldEligible shareholders must have bought the stock before 30 October 2023. Payment date: 17 November 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (9.2%).Reported Earnings • Oct 20Third quarter 2023 earnings released: US$0.94 loss per share (vs US$4.17 loss in 3Q 2022)Third quarter 2023 results: US$0.94 loss per share (improved from US$4.17 loss in 3Q 2022). Revenue: US$2.60b (down 8.7% from 3Q 2022). Net loss: US$168.0m (loss narrowed 78% from 3Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.Reported Earnings • Oct 20Third quarter 2023 earnings released: US$0.94 loss per share (vs US$4.17 loss in 3Q 2022)Third quarter 2023 results: US$0.94 loss per share (improved from US$4.17 loss in 3Q 2022). Revenue: US$2.60b (down 8.7% from 3Q 2022). Net loss: US$168.0m (loss narrowed 78% from 3Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.お知らせ • Oct 19Alcoa Corporation Declares Quarterly Cash Dividend, Payable on November 17, 2023Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on November 17, 2023 to stockholders of record as of the close of business on October 31, 2023.New Risk • Oct 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.お知らせ • Sep 28Alcoa Corporation to Report Q3, 2023 Results on Oct 18, 2023Alcoa Corporation announced that they will report Q3, 2023 results After-Market on Oct 18, 2023お知らせ • Sep 26+ 1 more updateAlcoa Corporation Announces Executive ChangesAlcoa Corporation announced that William F. Oplinger has been elected to serve as Chief Executive Officer of the Company. Oplinger succeeds Roy C. Harvey, effective September 24, 2023, who will serve as Strategic Advisor to the Chief Executive Officer until December 31, 2023. Oplinger, 56, has served as the Company’s Executive Vice President and Chief Operations Officer since February 2023 and previously served as the Company’s Executive Vice President and Chief Financial Officer from November 2016 to February 2023. Harvey had served as the Company’s Chief Executive Officer since November 2016 and as President since May 2017. The transition of the President and CEO roles reflects the Company’s succession planning process. Prior to creation of Alcoa Corporation in 2016, Oplinger had been Executive Vice President and Chief Financial Officer for Alcoa Inc., where he also previously served as Chief Operating Officer for the Global Primary Products (GPP) division and oversaw its mining, refining, smelting, casting and energy businesses.お知らせ • Jul 28Alcoa Corporation Declares Quarterly Cash Dividend, Payable on August 24, 2023Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on August 24, 2023 to stockholders of record as of the close of business on August 8, 2023.お知らせ • Jul 26Alcoa Corporation Names Renato Bacchi as Executive Vice President and Chief Commercial OfficerAlcoa Corporation announced that it has named Renato Bacchi as Executive Vice President and Chief Commercial Officer, effective August 1, 2023. The company’s current Chief Commercial Officer, Kelly Thomas, will leave to pursue a career opportunity outside of Alcoa. Bacchi will lead the Company’s sales and trading, marketing, supply chain, commercial operations, procurement, and transportation. He previously served as Chief Strategy & Innovation Officer. He will continue to supervise Alcoa’s global energy assets and oversee Alcoa’s breakthrough technology programs. Bacchi first joined Alcoa in 1997 in São Paulo, Brazil. He graduated from São Paulo University in 2000, with a degree in Electrical Engineering, and earned a Master of Business Administration degree from IbMec University (Brazil) in 2004. In 2010, he received the Chartered Financial Analyst designation from CFA Institute. In 2019, Renato completed an Advanced Management Program at Harvard University.お知らせ • Jul 25Alcoa Corporation Announces Resignation of Kelly R. Thomas as Executive Vice President and Chief Commercial Officer, Effective August 1, 2023On July 20, 2023, Kelly R. Thomas, Executive Vice President and Chief Commercial Officer of Alcoa Corporation (the Company), voluntarily resigned from the Company, effective August 1, 2023.お知らせ • Jul 22Alcoa Corporation Provides Production Guidance for the Full Year of 2023Alcoa Corporation provided production guidance for the full year of 2023. The Company expects 2023 total alumina and aluminum shipments to remain unchanged between 12.7 and 12.9 million metric tons, and between 2.5 and 2.6 million metric tons, respectively.Reported Earnings • Jul 20Second quarter 2023 earnings released: US$0.57 loss per share (vs US$3.02 profit in 2Q 2022)Second quarter 2023 results: US$0.57 loss per share (down from US$3.02 profit in 2Q 2022). Revenue: US$2.68b (down 26% from 2Q 2022). Net loss: US$102.0m (down 119% from profit in 2Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.お知らせ • Jun 29Alcoa Corporation to Report Q2, 2023 Results on Jul 19, 2023Alcoa Corporation announced that they will report Q2, 2023 results After-Market on Jul 19, 2023お知らせ • May 06Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 2, 2023Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 2, 2023 to stockholders of record as of the close of business on May 16, 2023.Reported Earnings • Apr 21First quarter 2023 earnings released: US$1.30 loss per share (vs US$2.55 profit in 1Q 2022)First quarter 2023 results: US$1.30 loss per share (down from US$2.55 profit in 1Q 2022). Revenue: US$2.67b (down 19% from 1Q 2022). Net loss: US$231.0m (down 149% from profit in 1Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 26Full year 2022 earnings released: US$0.68 loss per share (vs US$2.31 profit in FY 2021)Full year 2022 results: US$0.68 loss per share (down from US$2.31 profit in FY 2021). Revenue: US$12.5b (up 2.5% from FY 2021). Net loss: US$123.0m (down 129% from profit in FY 2021). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Feb 13President recently sold €1.4m worth of stockOn the 8th of February, Roy Harvey sold around 30k shares on-market at roughly €47.85 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €6.1m. This was Roy's only on-market trade for the last 12 months.Recent Insider Transactions • Jan 30Executive VP & General Counsel recently sold €795k worth of stockOn the 25th of January, Jeffrey Heeter sold around 17k shares on-market at roughly €47.69 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.9m more than they bought in the last 12 months.Reported Earnings • Jan 19Full year 2022 earnings released: US$0.56 loss per share (vs US$2.31 profit in FY 2021)Full year 2022 results: US$0.56 loss per share (down from US$2.31 profit in FY 2021). Revenue: US$12.5b (up 2.5% from FY 2021). Net loss: US$102.0m (down 124% from profit in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.9% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 11+ 1 more updateAlcoa Corporation Announces Executive Changes, Effective February 1, 2023Alcoa Corporation announced a restructuring of its executive leadership team to further improve the Company’s rigorous focus on operational excellence, cost, and innovation. The changes, effective February 1, 2023, William F. Oplinger, currently Executive Vice President (EVP) and Chief Financial Officer, will become EVP and Chief Operations Officer. Molly Beerman, currently Senior Vice President and Controller, has been appointed EVP and Chief Financial Officer. She will also be the executive member to oversee Alcoa’s Information Technology and Automation Solutions team. Renato Bacchi, currently EVP and Chief Strategy Officer, will take on added responsibilities to become EVP, Chief Strategy & Innovation Officer, including overseeing Alcoa’s breakthrough research and development technologies. As part of the restructuring, John D. Slaven, current EVP and Chief Operations Officer, and Benjamin D. Kahrs, EVP and Chief Innovation Officer, will be leaving the Company. William F. Oplinger has served as Alcoa Corporation’s Chief Financial Officer since November 2016, when the Company completed a legal and structural separation from Alcoa Inc. (the Separation). Oplinger has demonstrated expertise in finance and has prior operational experience, including previously serving as the Chief Operating Officer for Alcoa Inc.’s Global Primary Products division, which includes assets now controlled by Alcoa Corporation. Prior to his role with Alcoa Corporation, he served three years as Executive Vice President and Chief Financial Officer of Alcoa’s former parent company, which he joined in 2000. Mr. Oplinger has a bachelor’s degree in Industrial Engineering and Operations Research from Virginia Tech and a Master of Science in Industrial Administration from Carnegie Mellon University. Molly S. Beerman served as the Company’s Vice President and Controller from December 2016 through October 2019, when she was promoted to Senior Vice President and Controller. She served as Director, Global Shared Services Strategy and Solutions from November to December 2016. In 2016, she held a consulting role with Alcoa Inc., assisting in the plans for the Separation in November 2016. From 2012 to 2015, Beerman served as Vice President, Finance and Administration for a non-profit organization focused on community issues. Prior to that, she worked for 11 years for Alcoa Inc. in a variety of roles in the finance function and was the director of global procurement center of excellence from 2008 to 2012. Earlier in her career, she served in financial management positions at Carnegie Mellon University, PNC Bank, and Deloitte. Beerman obtained a bachelor’s degree in Business Administration, Accounting from Duquesne University in Pittsburgh. She is a Certified Public Accountant, Commonwealth of Pennsylvania. Renato Bacchi will take on added responsibilities to become Chief Strategy & Innovation Officer, including overseeing Alcoa’s breakthrough R&D technologies that support the Company’s vision to reinvent the aluminum industry. Bacchi was previously Senior Vice President and Treasurer of Alcoa Corporation from November 2019 through January 2022. In addition to responsibility for global treasury activities, Mr. Bacchi also had accountability for Alcoa’s Corporate Development function, which included evaluating the best uses of the company’s capital, sourcing and executing acquisition and divestiture transactions, and joint ventures. Prior to that role, he was Vice President and Treasurer, which included managing risk, cash and relationships with creditors, rating agencies, and commercial banks. Prior to the Separation of Alcoa Inc. into two separate companies in 2016, Mr. Bacchi was Assistant Treasurer of Alcoa. He joined Alcoa Inc. in 1997. Bacchi graduated from São Paulo University (Brazil) with a degree in Electrical Engineering, and earned a Master of Business Administration degree from IbMec University (Brazil).お知らせ • Dec 29Alcoa Corporation to Report Q4, 2022 Results on Jan 18, 2023Alcoa Corporation announced that they will report Q4, 2022 results After-Market on Jan 18, 2023Upcoming Dividend • Oct 24Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 31 October 2022. Payment date: 18 November 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (10%).Reported Earnings • Oct 21Third quarter 2022 earnings released: US$4.17 loss per share (vs US$1.80 profit in 3Q 2021)Third quarter 2022 results: US$4.17 loss per share (down from US$1.80 profit in 3Q 2021). Revenue: US$2.85b (down 8.3% from 3Q 2021). Net loss: US$746.0m (down 321% from profit in 3Q 2021). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to €40.34, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 140% over the past three years.Valuation Update With 7 Day Price Move • Sep 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €43.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 123% over the past three years.Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €47.87, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Metals and Mining industry in Europe. Total returns to shareholders of 166% over the past three years.Upcoming Dividend • Aug 01Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 08 August 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (8.3%).Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: US$3.01 (vs US$1.65 in 2Q 2021)Second quarter 2022 results: EPS: US$3.01 (up from US$1.65 in 2Q 2021). Revenue: US$3.64b (up 29% from 2Q 2021). Net income: US$549.0m (up 78% from 2Q 2021). Profit margin: 15% (up from 11% in 2Q 2021). Over the next year, revenue is expected to shrink by 2.3% compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €50.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 163% over the past three years.Reported Earnings • May 08First quarter 2022 earnings released: EPS: US$2.55 (vs US$0.94 in 1Q 2021)First quarter 2022 results: EPS: US$2.55 (up from US$0.94 in 1Q 2021). Revenue: US$3.29b (up 15% from 1Q 2021). Net income: US$469.0m (up 168% from 1Q 2021). Profit margin: 14% (up from 6.1% in 1Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 33% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.お知らせ • May 05Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 3, 2022Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 3, 2022 to stockholders of record as of the close of business on May 17, 2022.Reported Earnings • Apr 22First quarter 2022 earnings released: EPS: US$2.54 (vs US$0.94 in 1Q 2021)First quarter 2022 results: EPS: US$2.54 (up from US$0.94 in 1Q 2021). Revenue: US$3.29b (up 15% from 1Q 2021). Net income: US$469.0m (up 168% from 1Q 2021). Profit margin: 14% (up from 6.1% in 1Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 34% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.業績と収益の成長予測DB:185 - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202814,8591,9692,1092,352912/31/202714,9981,7221,3201,9901212/31/202614,8041,8118411,457123/31/202612,6551,027287931N/A12/31/202512,8311,1415671,185N/A9/30/202512,8681,1295191,063N/A6/30/202512,7779895821,121N/A3/31/202512,665847348920N/A12/31/202411,8955642622N/A9/30/202411,004-293-194405N/A6/30/202410,702-550-267331N/A3/31/202410,480-672-51831N/A12/31/202310,551-651-44091N/A9/30/202310,619-896-50311N/A6/30/202310,868-1,474-42176N/A3/31/202311,828-823136625N/A12/31/202212,451-123342822N/A9/30/202213,128-1208071,269N/A6/30/202213,3869631,1531,570N/A3/31/202212,575723559948N/A12/31/202112,152429530920N/A9/30/202111,20481745393N/A6/30/202110,460431-223116N/A3/31/20219,775-75153490N/A12/31/20209,286-17041394N/A9/30/20209,330-469242618N/A6/30/20209,532-641245634N/A3/31/202010,095-84627428N/A12/31/201910,433-1,125N/A686N/A9/30/201911,341-771N/A959N/A6/30/201912,164-556N/A1,073N/A3/31/201913,032-144N/A561N/A12/31/201813,403250N/A448N/A9/30/201813,2333N/A368N/A6/30/201812,807122N/A464N/A3/31/201812,087187N/A1,205N/A12/31/201711,652279N/A1,224N/A9/30/201711,015288N/A1,008N/A6/30/201710,380165N/A515N/A3/31/20179,84435N/A122N/A12/31/20169,318-400N/A-311N/A9/30/20169,232-1,101N/A-497N/A6/30/20169,582-1,215N/A-77N/A3/31/201610,223-1,239N/A254N/A12/31/201511,199-863N/A875N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 185の予測収益成長率 (年間6.7% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 185の収益 ( 6.7% ) German市場 ( 16.9% ) よりも低い成長が予測されています。高成長収益: 185の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 185の収益 ( 2.6% ) German市場 ( 6.5% ) よりも低い成長が予測されています。高い収益成長: 185の収益 ( 2.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 185の 自己資本利益率 は、3年後には低くなると予測されています ( 18.2 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 17:09終値2026/05/07 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Alcoa Corporation 12 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。29 アナリスト機関David ColemanArgus Research CompanyDale KoendersBarrenjoey Markets Pty LimitedParetosh MisraBerenberg26 その他のアナリストを表示
お知らせ • Apr 18Alcoa Corporation Provides Operating Guidance for the Year 2026Alcoa Corporation Provides Operating Guidance for the Year 2026. For the period, the company total Alumina segment production and shipments to remain unchanged from its prior projection, ranging between 9.7 to 9.9 million metric tons, and between 11.8 and 12.0 million metric tons, respectively. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts. Total Aluminum segment production and shipments to remain unchanged from its prior projection, ranging between 2.4 and 2.6 million metric tons, and between 2.6 and 2.8 million metric tons, respectively.
お知らせ • Jan 23Alcoa Corporation Provides Production Guidance for the Year 2025Alcoa Corporation provided production guidance for the year 2025. The company expects 2026 total Alumina segment production to range between 9.7 and 9.9 million metric tons, an increase from 2025 due to productivity improvements. In 2026, alumina shipments are expected to be between 11.8 and 12.0 million metric tons. The difference between production and shipments, which decreased from 2025, reflects trading volumes and externally sourced alumina to fulfill customer contracts. Alcoa expects 2026 total Aluminum segment production to range between 2.4 and 2.6 million metric tons, an increase from 2025 due to smelter restarts. In 2026, aluminum shipments are expected to range between 2.6 and 2.8 million metric tons.
お知らせ • Jan 23Alcoa Corporation Provides Operating Guidance for the Year 2025Alcoa Corporation provided operating guidance for the year 2025. The company expects 2025 total Alumina segment production to range between 9.5 to 9.7 million metric tons, a decrease from 2024 due to the curtailment of the Kwinana refinery. In 2025, alumina shipments are expected to be between 13.1 and 13.3 million metric tons, consistent with 2024. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery.
お知らせ • Apr 18Alcoa Corporation Provides Production Guidance for the Year 2024Alcoa Corporation provided production guidance for the year 2024. For the year, the company expected 2024 total Alumina segment production and shipments to remain unchanged from the prior projection, ranging between 9.8 and 10.0 million metric tons, and between 12.7 and 12.9 million metric tons, respectively. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery. Alcoa expected 2024 total Aluminum segment production and shipments to remain unchanged from the prior projection, ranging between 2.2 and 2.3 million metric tons, and between 2.5 and 2.6 million metric tons, respectively.
お知らせ • Jan 18Alcoa Provides Production Guidance for the Year 2024Alcoa provided production guidance for the year 2024. For 2024, the Company is providing an outlook for both production and shipments for both segments. Alcoa expects alumina production to range between 9.8 and 10.0 million metric tons and alumina shipments to range between 12.7 and 12.9 million metric tons in 2024. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery. The Aluminum segment is expected to produce 2.2 to 2.3 million metric tons, an increase from 2023 due to smelter restarts. Aluminum shipments are expected to be between 2.5 million and 2.6 million metric tons, consistent with 2023, as increased shipments from smelter restarts are offset by lower trading volumes.
お知らせ • Jul 22Alcoa Corporation Provides Production Guidance for the Full Year of 2023Alcoa Corporation provided production guidance for the full year of 2023. The Company expects 2023 total alumina and aluminum shipments to remain unchanged between 12.7 and 12.9 million metric tons, and between 2.5 and 2.6 million metric tons, respectively.
お知らせ • May 08Alcoa Corporation announces Quarterly dividend, payable on June 05, 2026Alcoa Corporation announced Quarterly dividend of USD 0.1000 per share payable on June 05, 2026, ex-date on May 19, 2026 and record date on May 19, 2026.
お知らせ • Apr 18Alcoa Corporation Provides Operating Guidance for the Year 2026Alcoa Corporation Provides Operating Guidance for the Year 2026. For the period, the company total Alumina segment production and shipments to remain unchanged from its prior projection, ranging between 9.7 to 9.9 million metric tons, and between 11.8 and 12.0 million metric tons, respectively. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts. Total Aluminum segment production and shipments to remain unchanged from its prior projection, ranging between 2.4 and 2.6 million metric tons, and between 2.6 and 2.8 million metric tons, respectively.
お知らせ • Mar 20Alcoa Corporation, Annual General Meeting, May 06, 2026Alcoa Corporation, Annual General Meeting, May 06, 2026.
お知らせ • Mar 16Alcoa Corporation to Report Q1, 2026 Results on Apr 16, 2026Alcoa Corporation announced that they will report Q1, 2026 results After-Market on Apr 16, 2026
お知らせ • Mar 04Alcoa Corporation Appoints Emily Olson as Executive Vice President and Chief External Affairs Officer, Effective April 6, 2026Alcoa Corporation announced that Emily Olson will join Alcoa on April 6, 2026, as Executive Vice President and Chief External Affairs Officer. Olson will lead Alcoa’s global external affairs and communications organization, including government affairs, communications, stakeholder engagement and the Alcoa Foundation. She will serve as a member of the Company’s Executive Team and will work closely with senior leadership to advance Alcoa’s strategic priorities and strengthen engagement with key external stakeholders worldwide. Olson brings over 20 years of leadership experience across capital intensive industries in the Americas, Europe and Asia. Most recently, Olson served as Chief Sustainability and Corporate Affairs Officer at Vale Base Metals, where she led an integrated global team spanning government relations, communications, sustainability and licensing. In that role she served as the company’s chief liaison with governments globally — working directly with federal and regional leaders as well as key stakeholders and partners — while advising the CEO and board on geopolitical risk and strategic nontechnical risks. Olson led Vale’s major business interests in Indonesia and served as Chairman of PT Vale. Prior to Vale, Olson served as Vice President, Global Strategic Relations at Freeport-McMoRan, where she led the integration of government affairs, communications and community affairs, and advised the CEO and board on country-level geopolitical risks. Olson spent nearly 15 years at BP plc in progressively senior government affairs and business leadership roles across Washington, D.C., Houston and London. As Senior Vice President for Europe and Russia, she led geopolitical risk management across 15 countries and directed government affairs strategy spanning Brussels, Moscow, Berlin and the Caspian region. She also served as Vice President for the Southern Gas Corridor, where she led government advocacy across six countries and guided a consortium of eleven partners to deliver a $40 billion pipeline project. Before joining the private sector, Olson served as legislative staff in the U.S. House of Representatives and held senior public policy roles in the agricultural sector. She holds a bachelor’s degree in political science from Loyola University of Chicago and a master’s degree in international strategy and diplomacy from the London School of Economics.
お知らせ • Feb 27Alcoa Corporation Declares Cash Dividend for the Quarter Ended December 31, 2025, Payable on March 26, 2026Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock for the quarter ended December 31, 2025, to be paid on March 26, 2026 to stockholders of record as of the close of business on March 10, 2026 and ex-date of March 9, 2026.
お知らせ • Jan 23Alcoa Corporation Provides Production Guidance for the Year 2025Alcoa Corporation provided production guidance for the year 2025. The company expects 2026 total Alumina segment production to range between 9.7 and 9.9 million metric tons, an increase from 2025 due to productivity improvements. In 2026, alumina shipments are expected to be between 11.8 and 12.0 million metric tons. The difference between production and shipments, which decreased from 2025, reflects trading volumes and externally sourced alumina to fulfill customer contracts. Alcoa expects 2026 total Aluminum segment production to range between 2.4 and 2.6 million metric tons, an increase from 2025 due to smelter restarts. In 2026, aluminum shipments are expected to range between 2.6 and 2.8 million metric tons.
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €54.58, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Total returns to shareholders of 14% over the past three years.
お知らせ • Dec 19Alcoa Corporation to Report Q4, 2025 Results on Jan 22, 2026Alcoa Corporation announced that they will report Q4, 2025 results After-Market on Jan 22, 2026
お知らせ • Oct 23Alcoa Corporation Declares Quarterly Cash Dividend, Payable on November 21, 2025Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on November 21, 2025 to stockholders of record as of the close of business on November 4, 2025.
お知らせ • Oct 21Alcoa Corporation Announces Support for its Gallium Critical Mineral Development Project in Western AustraliaAlcoa Corporation welcomes the announcement of the United States and Australian governments to advance the development of a gallium plant to be co-located at the Company's Wagerup alumina refinery in Western Australia. This latest development follows support given for the project from Japan Australia Gallium Associates Pty Ltd. ("JAGA"), a joint venture between the Japanese Government and Sojitz Corporation ("Sojitz"), through a Joint Development Agreement ("JDA") with Alcoa announced in August 2025. Following completion of feasibility assessments, Alcoa expects that a joint U.S., Australia and Alcoa special purpose vehicle ("SPV") would enter into the joint venture with JAGA to construct a gallium plant. The plant, which would be operated by Alcoa, would be expected to produce 100 metric tons of gallium annually. Under the terms of the non-binding agreement, the U.S. and Australian governments and Alcoa would provide capital to the SPV and receive gallium offtake in proportion to their interests. Among other purposes, the capital would be used for preparation of final feasibility studies, and the development and construction of the project. Definitive agreements for the gallium joint venture will be prepared among the governments of the United States, Australia and Japan, and Alcoa and Sojitz. Gallium is naturally present in bauxite, the raw material used in the production of alumina, and can be extracted during the refining process. Gallium is a critical mineral essential to technology, especially the semiconductor industry and defense sectors and is recognized as vital to national security by the United States,Australia and Japan. Globally, gallium production is concentrated from a single source, and market controls have heightened interest in establishing and securing alternate supply chains. Alcoa will continue to work cooperatively with the Western Australian Government to progress the project under the State Agreement and approvals framework. The parties are targeting 2026 for final investment decision and production.
お知らせ • Sep 30Alcoa Corporation Announces Closure of Kwinana Alumina Refinery in Western AustraliaAlcoa Corporation announced that it will permanently close its Kwinana alumina refinery in Western Australia. This decision follows the curtailment of production at the refinery in June 2024. Alcoa has undertaken numerous studies and analyses since curtailment to determine the future of the refinery, including restart and closure. Multiple factors led to the decision to permanently close the refinery, including the age of the facility, scale and operating costs, market conditions and bauxite grade challenges. Alcoa will work with relevant stakeholders on a safe and responsible closure of the refinery and associated residue storage areas. Additionally, Alcoa will begin to prepare the site for new economic development opportunities, and as part of this, the Company will work with the Western Australian State Government on potential future land use options. Alcoa's port and associated rail facilities at Kwinana will continue to operate, as will Alcoa's strategically important other Western Australian and Victorian operations. The Kwinana refinery currently has approximately 220 employees; this number will be reduced during 2026 as the closure progresses. Certain employees will remain beyond 2026 to prepare the site for future redevelopment. Associated severance costs were previously recorded in the first quarter of 2024.Permanently closing Kwinana's 2.2 million metric tons of annual capacity will bring Alcoa's global consolidated refining capacity to 11.7 million metric tons. While the restructuring charge decreases the Company's annualized effective tax rate, Alcoa's defined operational tax expense includes the interim tax impacts required under GAAP, which has the effect of smoothing tax provisioned across quarters, resulting in a lower tax benefit in the third quarter. As a consequence, the fourth quarter operational tax expense will be lower.
お知らせ • Sep 22Alcoa Corporation to Report Q3, 2025 Results on Oct 22, 2025Alcoa Corporation announced that they will report Q3, 2025 results at 4:00 PM, Eastern Daylight on Oct 22, 2025
お知らせ • Jul 31Alcoa Corporation Declares Quarterly Cash Dividend for Common Stock, Payable on August 28, 2025Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of USD 0.10 per share of the Company’s common stock to be paid on August 28, 2025 to stockholders of record as of the close of business on August 12, 2025. Ex date is August 11, 2025.
お知らせ • Jul 02Saudi Arabian Mining Company (Ma'aden) (SASE:1211) completed the acquisition of the remaining 25.10% stake in Ma’aden Bauxite and Alumina Company and Ma’aden Aluminium Company from Alcoa Corporation (NYSE:AA).Saudi Arabian Mining Company (Ma'aden) (SASE:1211) entered into a share purchase and subscription agreement to acquire remaining 25.10% stake in Ma’aden Bauxite and Alumina Company and Ma’aden Aluminium Company from Alcoa Corporation (NYSE:AA) for $1.04 billion on September 15, 2024. Under the terms of agreement, Alcoa agrees to sell its full ownership interest of 25.1% in each of its joint ventures with Ma’aden, comprising the Ma’aden Bauxite and Alumina Company and the Ma’aden Aluminium Company, to Ma’aden in exchange for the issuance by Ma’aden of 85,977,547 shares of Ma’aden (valued at $950 million) and $150 million in cash. The shares of Ma’aden to be issued in the transaction will be subject to transfer and sale restrictions. Alcoa will hold its Ma’aden shares for a minimum of three years, with one-third of the shares becoming transferable after each of the third, fourth, and fifth anniversaries of closing of the transaction (the “holding period”). During the holding period, Alcoa would be permitted to hedge and borrow against its Ma’aden shares. Under certain circumstances, such minimum holding period would be reduced. As part of consideration, $1.1 billion is paid towards common equity of Ma’aden Bauxite and Alumina Company/Ma’aden Aluminium Company. Upon completion, Saudi Arabian Mining Company (Ma'aden) will own 100% stake in Ma’aden Bauxite and Alumina Company and Ma’aden Aluminium Company. The transaction is subject to regulatory approvals, approval by Ma’aden’s shareholders and other customary closing conditions. The expected completion of the transaction is in the first half of 2025. Citigroup Inc. acted as financial advisor for Alcoa Corporation. David Lewis, Mark Richardson, Philip Broke, Margot Berry, Will Smith and Sami E. Al-Louzi of White & Case LLP acted as legal advisor for Alcoa Corporation. SNB Capital Company served as financial advisor to Ma’aden and AS&H Clifford Chance acted as legal advisor to Ma’aden. Saudi Arabian Mining Company (Ma'aden) (SASE:1211) completed the acquisition of the remaining 25.10% stake in Ma’aden Bauxite and Alumina Company and Ma’aden Aluminium Company from Alcoa Corporation (NYSE:AA) on July 1, 2025. Alcoa received proceeds of approximately 86 million shares of Ma’aden (valued at approximately $1.2 billion) and $150 million in cash (to be used primarily for related taxes and transaction costs) and expects to record a gain of approximately $780 million in other income in the third quarter of 2025. Consistent with prior transactions, Alcoa reflects gains or losses from non-core asset sales as special items. Pursuant to the terms of the Agreement, Alcoa will hold its Ma’aden shares for a minimum of three years and can sell one-third of the shares after each of the third, fourth and fifth anniversaries of closing of the transaction.
お知らせ • Jun 23Alcoa Corporation to Report Q2, 2025 Results on Jul 16, 2025Alcoa Corporation announced that they will report Q2, 2025 results at 4:00 PM, Eastern Daylight on Jul 16, 2025
お知らせ • May 10Alcoa Corporation Announces Appointment of Thomas Gorman as Chair of Board of DirectorSims Limited advises that non-executive Director, Mr. Thomas Gorman, will retire from the Sims Board effective immediately following his appointment as Chair of the Alcoa Corporation Board of Directors. Mr. Gorman joined the Sims Board in June 2020 and served as Chair of the Safety, Health, Environmental, Community, and Sustainability (SHECS) Committee and a member of the Nomination/Governance Committee.
お知らせ • May 09Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 6, 2025Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 6, 2025 to stockholders of record as of the close of business on May 20, 2025.
お知らせ • Mar 24Alcoa Corporation to Report Q1, 2025 Results on Apr 16, 2025Alcoa Corporation announced that they will report Q1, 2025 results After-Market on Apr 16, 2025
お知らせ • Mar 20Alcoa Corporation, Annual General Meeting, May 08, 2025Alcoa Corporation, Annual General Meeting, May 08, 2025.
お知らせ • Feb 23Alcoa Corporation Declares Quarterly Cash Dividend, Payable on March 20, 2025Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock to be paid on March 20, 2025 to stockholders of record as of the close of business on March 4, 2025.
お知らせ • Feb 22Alcoa Corporation Announces Steven W. Williams to Not Stand for Re-Election as A Member Board of DirectorAlcoa Corporation announced that on February 20, 2025, Mr. Steven W. Williams provided notice to Alcoa Corporation that he will not stand for re-election as a member of the Company’s Board of Directors (the “Board”) at the Company’s 2025 Annual Meeting of Stockholders (the “Annual Meeting”). Mr. Williams has served as a director of the Company since its launch as a public company in 2016 and as Chairman of the Board since 2021. He will continue to serve as a director and the Chairman of the Board until the end of his term at the conclusion of the Annual Meeting (the “Effective Time”). Mr. Williams’ decision to not stand for re-election is not due to any disagreement with the Board or the Company. Immediately upon the Effective Time, the size of the Board will be reduced to eleven directors.
お知らせ • Jan 23Alcoa Corporation Provides Operating Guidance for the Year 2025Alcoa Corporation provided operating guidance for the year 2025. The company expects 2025 total Alumina segment production to range between 9.5 to 9.7 million metric tons, a decrease from 2024 due to the curtailment of the Kwinana refinery. In 2025, alumina shipments are expected to be between 13.1 and 13.3 million metric tons, consistent with 2024. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery.
お知らせ • Dec 30Alcoa Corporation to Report Q4, 2024 Results on Jan 22, 2025Alcoa Corporation announced that they will report Q4, 2024 results After-Market on Jan 22, 2025
Recent Insider Transactions • Oct 25Executive VP & Chief Commercial Officer recently sold €934k worth of stockOn the 22nd of October, Renato Bacchi sold around 24k shares on-market at roughly €39.11 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.7m more than they bought in the last 12 months.
Declared Dividend • Oct 18Third quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 29th October 2024 Payment date: 15th November 2024 Dividend yield will be 1.0%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time.
Reported Earnings • Oct 17Third quarter 2024 earnings released: EPS: US$0.39 (vs US$0.94 loss in 3Q 2023)Third quarter 2024 results: EPS: US$0.39 (up from US$0.94 loss in 3Q 2023). Revenue: US$2.90b (up 12% from 3Q 2023). Net income: US$90.0m (up US$258.0m from 3Q 2023). Profit margin: 3.1% (up from net loss in 3Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 16Alcoa Corporation Declares Quarterly Cash Dividend, Payable on November 15, 2024Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock and Series A convertible preferred stock, to be paid on November 15, 2024 to stockholders of record as of the close of business on October 29, 2024.
お知らせ • Sep 25Alcoa Corporation to Report Q3, 2024 Results on Oct 16, 2024Alcoa Corporation announced that they will report Q3, 2024 results After-Market on Oct 16, 2024
Board Change • Sep 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director John Bevan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
New Risk • Aug 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (45% increase in shares outstanding).
Declared Dividend • Aug 04Second quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 12th August 2024 Payment date: 29th August 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time.
お知らせ • Aug 02+ 6 more updatesAlcoa Corporation(ASX:AAI) dropped from S&P/ASX 300 IndexAlcoa Corporation(ASX:AAI) dropped from S&P/ASX 300 Index
お知らせ • Aug 01+ 1 more updateAlcoa Corporation (NYSE:AA) completed the acquisition of Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others.Alcoa Corporation (NYSE:AA) made an offer to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billion on February 23, 2024. Alcoa Corporation (NYSE:AA) entered into share sale agreement to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billion on February 25, 2024. As of March 11, 2024, Alcoa entered into a binding Scheme Implementation Deed to acquire Alumina from Allan Gray Australia Pty Ltd. and others. As per the transaction, Alcoa Corporation will issue 0.02854 shares for each Alumina Limited shares as a purchase consideration. Upon completion of the transaction, Alumina Limited shareholders would own 31.25%, and Alcoa shareholders would own 68.75% of the combined company. In addition, two new mutually agreed upon Australian directors from Alumina Limited’s Board would be appointed to Alcoa’s Board of Directors upon closing of the transaction. The SID includes certain circumstances in which a break fee of AUD 33.2794 million would be payable to Alcoa, or a reverse break fee of up to AUD 75.635 million would be payable to Alumina. Alcoa has agreed to establish a foreign exempt listing on the Australian Securities Exchange (ASX), which would enable Alumina shareholders to trade shares of Alcoa common stock via CDIs on the ASX, in the same way they would normally trade ASX-listed Alumina shares. The Independent Non-executive Directors and Managing Director and CEO of Alumina recommend and Alcoa's Boards of Directors recommend that its shareholders vote in favor of the transaction. The transaction is subject to implementation of definitive agreement. The transaction is expected to be completed in the third quarter 2024, subject to the satisfaction of customary conditions as well as approval by both companies’ shareholders and receipt of required regulatory approvals. The required regulatory approvals include approvals from Australia’s Foreign Investment Review Board, from the antitrust regulators in Australia and Brazil, shareholder approval of Alumina and Alcoa; approval of the Federal Court of Australia; receipt of confirmation of an ATO class ruling for scrip-for-scrip roll over relief; and other customary conditions. The transaction is not conditional on due diligence or financing. As of May 13, 2024, The acquisition of Alumina by Alco has been approved by Brazil's anti-trust body CADE. The deal is subject to approval by the antitrust authorities of other countries. As of May 20, 2024, Alcoa Corporation entered into a Deed of Amendment and Restatement of the Scheme Implementation Deed with Alumina Limited. As per amendment deed Alumina Limited shareholders will continue to receive the previously announced Scheme Consideration of 0.02854 New CHESS Depositary Interests or equivalent for each Alumina Limited share. Each New Alcoa CDI represents a unit of beneficial ownership in a share of Alcoa common stock. Alumina Limited shareholders will be able to trade Alcoa common stock via the New Alcoa CDIs, which will be listed on the Australian Securities Exchange. Alcoa and Alumina Limited have amended the Agreement whereby an affiliate of CITIC will receive a small proportion, approximately 1.5% of the pro forma outstanding Alcoa common stock, of its consideration under the Scheme in non-voting convertible series A preferred stock instead of New Alcoa CDIs. As of June 13, 2024, Alcoa has received Australian Foreign Investment Review Board (FIRB) approval in relation to the transaction. The transaction is still subject to the satisfaction or waiver of other conditions precedent, including approval by Alumina shareholders and Alcoa stockholders, as well as approval by Federal Court of Australia. As of June 18, 2024, Alumina is pleased to confirm that the Scheme Booklet has been dispatched to Alumina shareholders in the manner described in its announcement on June 11, 2024. As of June 27, 2024, Shareholder lawsuit hit the acquisition. Transaction is expected to complete on August 1, 2024. As of July 16, 2024 Alumina shareholders approved the Scheme of arrangement. On July 17, 2024, the approval from the Ministry of Finance of the PRC for the Transaction was obtained. The filing with the National Development and Reform Commission of the PRC in respect of the Transaction is expected to be made before the implementation of the Transaction. As of July 22, 2024, Federal Court of Australia approved the scheme. On July 23, 2024 scheme got effective. J.P. Morgan Securities LLC and UBS Investment Bank acted as financial advisors and Kylie Lane, Susannah Macknay, Peter Moh, Ian Kellock, Costa Koutsis, Bronwyn Kirkwood and Justin Jones of Ashurst - New York and James P. Dougherty, Cheryl Chan, Corey M. Goodman, Liang Zhang and Michael Kaplan of Davis Polk & Wardwell LLP acted as legal advisors to Alcoa Corporation. Merrill Lynch Markets (Australia) Pty Limited and Flagstaff Partners Pty Ltd acted as financial advisors and Will Heath, Scott Langford, Stephen Minns, Greg Protektor, Annamarie Rooding, Catherine Danne, Christopher Kok, Mandy Tsang and Intan Eow of King & Wood Mallesons, Australia Branch and Ben Fleming, Kevin Akrong, Michelle Thiry, John Estes, Jin Lee, Matthew Friestedt, Sarah Remmer Long, Hollie Chenault, Eric Wang and Eli Dubin, Mehdi Ansari, Matthew Brennan and William Bekker of Sullivan & Cromwell acted as legal advisors to Alumina Limited. Grant Samuel Group Limited acted as a fairness opinion provider. Pricewaterhousecoopers Securities Limited acted as accountant and Computershare Investor Services Pty Limited acted as registrar to Alumina Limited. Daniel O. Andreoli of Demarest advised, as deal counsel, on the transaction ot Alcoa. Alcoa Corporation (NYSE:AA) completed the acquisition of Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others on August 1, 2024.
お知らせ • Jul 23Alcoa Corporation has filed a Follow-on Equity Offering.Alcoa Corporation has filed a Follow-on Equity Offering. Security Name: Chess Depositary Interest Security Type: Depositary Receipt (Common Stock) Securities Offered: 78,939,432
Reported Earnings • Jul 18Second quarter 2024 earnings released: EPS: US$0.11 (vs US$0.57 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.11 (up from US$0.57 loss in 2Q 2023). Revenue: US$2.91b (up 8.3% from 2Q 2023). Net income: US$20.0m (up US$122.0m from 2Q 2023). Profit margin: 0.7% (up from net loss in 2Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 27Alcoa Corporation to Report Q2, 2024 Results on Jul 17, 2024Alcoa Corporation announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 17, 2024
Declared Dividend • May 13First quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 20th May 2024 Payment date: 7th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time.
お知らせ • May 11Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 7, 2024Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 7, 2024 to stockholders of record as of the close of business on May 21, 2024.
Reported Earnings • May 06First quarter 2024 earnings released: US$1.41 loss per share (vs US$1.30 loss in 1Q 2023)First quarter 2024 results: US$1.41 loss per share (further deteriorated from US$1.30 loss in 1Q 2023). Revenue: US$2.60b (down 2.7% from 1Q 2023). Net loss: US$252.0m (loss widened 9.1% from 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 18First quarter 2024 earnings released: US$1.41 loss per share (vs US$1.30 loss in 1Q 2023)First quarter 2024 results: US$1.41 loss per share (further deteriorated from US$1.30 loss in 1Q 2023). Revenue: US$2.60b (down 2.7% from 1Q 2023). Net loss: US$252.0m (loss widened 9.1% from 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 18Alcoa Corporation Provides Production Guidance for the Year 2024Alcoa Corporation provided production guidance for the year 2024. For the year, the company expected 2024 total Alumina segment production and shipments to remain unchanged from the prior projection, ranging between 9.8 and 10.0 million metric tons, and between 12.7 and 12.9 million metric tons, respectively. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery. Alcoa expected 2024 total Aluminum segment production and shipments to remain unchanged from the prior projection, ranging between 2.2 and 2.3 million metric tons, and between 2.5 and 2.6 million metric tons, respectively.
お知らせ • Mar 27Alcoa Corporation to Report Q1, 2024 Results on Apr 17, 2024Alcoa Corporation announced that they will report Q1, 2024 results After-Market on Apr 17, 2024
お知らせ • Mar 20Alcoa Corporation, Annual General Meeting, May 10, 2024Alcoa Corporation, Annual General Meeting, May 10, 2024, at 09:30 US Eastern Standard Time. Agenda: To consider election of 10 director nominees to serve for one-year terms expiring in 2025; to ratification of the appointment of PricewaterhouseCoopers llp as the company's independent auditor for 2024; to approval, on an advisory basis, of the company's 2023 named executive officer compensation; stockholder proposal requesting the preparation of an annual report on lobbying activities, if properly presented; and transaction of such other business as may properly come before the annual meeting or any adjournment or postponement thereof; and to consider other matters if any.
お知らせ • Feb 26Alcoa Corporation (NYSE:AA) made an offer to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billionAlcoa Corporation (NYSE:AA) made an offer to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billion on February 23, 2024. Alcoa Corporation (NYSE:AA) entered into share sale agreement to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billion on February 26, 2024. As per the transaction, Alcoa Corporation will issue 0.02854 shares for each Alumina Limited shares as a purchase consideration. The transaction is subject to implementation of definitive agreement. J.P. Morgan Securities LLC and UBS Investment Bank acted as financial advisors and Ashurst - New York and Davis Polk & Wardwell LLP acted as legal advisors to Alcoa Corporation. Merrill Lynch Equities (Australia) Limited and Flagstaff Partners Pty Ltd acted as financial advisors and King & Wood Mallesons, Australia Branch acted as legal advisor to Alumina Limited.
お知らせ • Feb 22Alcoa Corporation Declares Quarterly Cash Dividend on the Common Stock, Payable on March 21, 2024Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on March 21, 2024 to stockholders of record as of the close of business on March 5, 2024.
お知らせ • Jan 18Alcoa Provides Production Guidance for the Year 2024Alcoa provided production guidance for the year 2024. For 2024, the Company is providing an outlook for both production and shipments for both segments. Alcoa expects alumina production to range between 9.8 and 10.0 million metric tons and alumina shipments to range between 12.7 and 12.9 million metric tons in 2024. The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery. The Aluminum segment is expected to produce 2.2 to 2.3 million metric tons, an increase from 2023 due to smelter restarts. Aluminum shipments are expected to be between 2.5 million and 2.6 million metric tons, consistent with 2023, as increased shipments from smelter restarts are offset by lower trading volumes.
お知らせ • Jan 09Alcoa Corporation Announces Curtailment of Kwinana Alumina Refinery in Western AustraliaAlcoa Corporation announced it plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter. The Kwinana refinery has an annual nameplate production capacity of 2.2 million metric tons. The refinery has been operating at approximately 80% of its nameplate capacity since January of 2023. The curtailment will include a phased reduction of the workforce from around 800 employees at the start of 2024 to approximately 250 in the third quarter of this year, when all alumina production will cease. Certain processes, however, will continue until about the third quarter of 2025, when employee numbers will be further reduced to approximately 50. The refinery and associated residue storage facilities will continue to be actively managed. Alcoa’s port facilities located alongside the refinery will continue to operate to import raw materials and export alumina produced at the Company’s Pinjarra Alumina Refinery. Production at the Pinjarra and Wagerup refineries is not expected to be impacted by the curtailment at Kwinana.
お知らせ • Dec 28Alcoa Corporation to Report Q4, 2023 Results on Jan 17, 2024Alcoa Corporation announced that they will report Q4, 2023 results After-Market on Jan 17, 2024
お知らせ • Dec 22+ 1 more updateAlcoa Corporation Appoints Matthew Reed as Executive Vice President and Chief Operations Officer, Effective on January 1, 2024On December 15, 2023, the Board of Directors of Alcoa Corporation appointed Mr. Matthew Reed to serve as the Company’s Executive Vice President and Chief Operations Officer, effective on January 1, 2024. Mr. Reed, 51, has served as the Company’s Vice President of Operations, Australia and President, Alcoa of Australia since June 2023. Previously, Mr. Reed was the Operations Executive (Chief Operating Officer) of OZ Minerals Limited, an international mining company based in South Australia (“OZ Minerals”), with responsibility for operating assets and brownfield projects, from September 2021 through May 2023. Prior to that, Mr. Reed was General Manager, Projects at OZ Minerals from January 2021 through August 2021. Mr. Reed was the Executive Managing Director (Chief Operating Officer) at SIMEC Mining, a mining company based in South Australia, from September 2017 through December 2020.
お知らせ • Dec 15Alcoa Corporation Welcomes Decisions That Support Western Australian OperationsAlcoa Corporation welcomed decisions from the Western Australian (WA) Government that will allow the Company to continue bauxite mining and downstream alumina refineries in the State, while also pledging to enhance the way it operates to meet evolving requirements and expectations. The government has announced that it will approve Alcoa's latest five-year mine plan known as the 2023-2027 Mining and Management Program (MMP) for its Huntly and Willowdale bauxite mines. In addition, the government has granted an exemption that will allow Alcoa to continue its mining operations if the WA Environmental Protection Authority (EPA) decides to undertake a separate environmental impact assessment on all or parts of the MMP. The EPA's determination is expected by year end. Alcoa will be subject to a range of stringent conditions addressing key environmental factors that will include enhanced protections for drinking water, including increased distances from reservoirs, and biodiversity along with accelerated forest rehabilitation. At the request of the State, the Company will also provide a AUD 100 million (approx. USD 66 million) guarantee, demonstrating Alcoa's confidence that its operations will not impair drinking water supplies. Clearing for mining in the Northern Jarrah Forest will be capped at 800 hectares per year and the current rate of rehabilitation will double to reach 1,000 hectares per year by 2027. Separately, Alcoa has committed to work with the WA Government to modernize the State Agreements and the approvals framework for its two bauxite mines and three alumina ref refinery in the State. This includes transitioning all proposed new major mining regions to the more contemporary EPA assessment and approvals process. Alcoa started this process in 2020, when it referred its next two proposed mine regions (Myara North and Holyoake) for EPA assessment. These commitments are in addition to Alcoa's earlier decisions to forgo mining around the forest towns of Dwellingup and Jarrahdale to enhance protections for lifestyle and recreation values. The new MMP will support mining at Alcoa's current Myara and Larego regions at its Huntly and Willowdale mines. It does not affect the EPA environmental impact assessment already underway for Myara North and Holyoake, the two proposed new mine regions. That assessment is continuing with mining in these new regions not expected to occur any earlier than 2027. Until then, Alcoa expects bauxite quality to be similar to recently reduced grades. Bauxite quality at Myara North and Holyoakes is expected to be consistent with historic higher grades.
Upcoming Dividend • Oct 23Upcoming dividend of US$0.10 per share at 1.7% yieldEligible shareholders must have bought the stock before 30 October 2023. Payment date: 17 November 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (9.2%).
Reported Earnings • Oct 20Third quarter 2023 earnings released: US$0.94 loss per share (vs US$4.17 loss in 3Q 2022)Third quarter 2023 results: US$0.94 loss per share (improved from US$4.17 loss in 3Q 2022). Revenue: US$2.60b (down 8.7% from 3Q 2022). Net loss: US$168.0m (loss narrowed 78% from 3Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 20Third quarter 2023 earnings released: US$0.94 loss per share (vs US$4.17 loss in 3Q 2022)Third quarter 2023 results: US$0.94 loss per share (improved from US$4.17 loss in 3Q 2022). Revenue: US$2.60b (down 8.7% from 3Q 2022). Net loss: US$168.0m (loss narrowed 78% from 3Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
お知らせ • Oct 19Alcoa Corporation Declares Quarterly Cash Dividend, Payable on November 17, 2023Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on November 17, 2023 to stockholders of record as of the close of business on October 31, 2023.
New Risk • Oct 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
お知らせ • Sep 28Alcoa Corporation to Report Q3, 2023 Results on Oct 18, 2023Alcoa Corporation announced that they will report Q3, 2023 results After-Market on Oct 18, 2023
お知らせ • Sep 26+ 1 more updateAlcoa Corporation Announces Executive ChangesAlcoa Corporation announced that William F. Oplinger has been elected to serve as Chief Executive Officer of the Company. Oplinger succeeds Roy C. Harvey, effective September 24, 2023, who will serve as Strategic Advisor to the Chief Executive Officer until December 31, 2023. Oplinger, 56, has served as the Company’s Executive Vice President and Chief Operations Officer since February 2023 and previously served as the Company’s Executive Vice President and Chief Financial Officer from November 2016 to February 2023. Harvey had served as the Company’s Chief Executive Officer since November 2016 and as President since May 2017. The transition of the President and CEO roles reflects the Company’s succession planning process. Prior to creation of Alcoa Corporation in 2016, Oplinger had been Executive Vice President and Chief Financial Officer for Alcoa Inc., where he also previously served as Chief Operating Officer for the Global Primary Products (GPP) division and oversaw its mining, refining, smelting, casting and energy businesses.
お知らせ • Jul 28Alcoa Corporation Declares Quarterly Cash Dividend, Payable on August 24, 2023Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on August 24, 2023 to stockholders of record as of the close of business on August 8, 2023.
お知らせ • Jul 26Alcoa Corporation Names Renato Bacchi as Executive Vice President and Chief Commercial OfficerAlcoa Corporation announced that it has named Renato Bacchi as Executive Vice President and Chief Commercial Officer, effective August 1, 2023. The company’s current Chief Commercial Officer, Kelly Thomas, will leave to pursue a career opportunity outside of Alcoa. Bacchi will lead the Company’s sales and trading, marketing, supply chain, commercial operations, procurement, and transportation. He previously served as Chief Strategy & Innovation Officer. He will continue to supervise Alcoa’s global energy assets and oversee Alcoa’s breakthrough technology programs. Bacchi first joined Alcoa in 1997 in São Paulo, Brazil. He graduated from São Paulo University in 2000, with a degree in Electrical Engineering, and earned a Master of Business Administration degree from IbMec University (Brazil) in 2004. In 2010, he received the Chartered Financial Analyst designation from CFA Institute. In 2019, Renato completed an Advanced Management Program at Harvard University.
お知らせ • Jul 25Alcoa Corporation Announces Resignation of Kelly R. Thomas as Executive Vice President and Chief Commercial Officer, Effective August 1, 2023On July 20, 2023, Kelly R. Thomas, Executive Vice President and Chief Commercial Officer of Alcoa Corporation (the Company), voluntarily resigned from the Company, effective August 1, 2023.
お知らせ • Jul 22Alcoa Corporation Provides Production Guidance for the Full Year of 2023Alcoa Corporation provided production guidance for the full year of 2023. The Company expects 2023 total alumina and aluminum shipments to remain unchanged between 12.7 and 12.9 million metric tons, and between 2.5 and 2.6 million metric tons, respectively.
Reported Earnings • Jul 20Second quarter 2023 earnings released: US$0.57 loss per share (vs US$3.02 profit in 2Q 2022)Second quarter 2023 results: US$0.57 loss per share (down from US$3.02 profit in 2Q 2022). Revenue: US$2.68b (down 26% from 2Q 2022). Net loss: US$102.0m (down 119% from profit in 2Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.
New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
お知らせ • Jun 29Alcoa Corporation to Report Q2, 2023 Results on Jul 19, 2023Alcoa Corporation announced that they will report Q2, 2023 results After-Market on Jul 19, 2023
お知らせ • May 06Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 2, 2023Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 2, 2023 to stockholders of record as of the close of business on May 16, 2023.
Reported Earnings • Apr 21First quarter 2023 earnings released: US$1.30 loss per share (vs US$2.55 profit in 1Q 2022)First quarter 2023 results: US$1.30 loss per share (down from US$2.55 profit in 1Q 2022). Revenue: US$2.67b (down 19% from 1Q 2022). Net loss: US$231.0m (down 149% from profit in 1Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 26Full year 2022 earnings released: US$0.68 loss per share (vs US$2.31 profit in FY 2021)Full year 2022 results: US$0.68 loss per share (down from US$2.31 profit in FY 2021). Revenue: US$12.5b (up 2.5% from FY 2021). Net loss: US$123.0m (down 129% from profit in FY 2021). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Feb 13President recently sold €1.4m worth of stockOn the 8th of February, Roy Harvey sold around 30k shares on-market at roughly €47.85 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €6.1m. This was Roy's only on-market trade for the last 12 months.
Recent Insider Transactions • Jan 30Executive VP & General Counsel recently sold €795k worth of stockOn the 25th of January, Jeffrey Heeter sold around 17k shares on-market at roughly €47.69 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.9m more than they bought in the last 12 months.
Reported Earnings • Jan 19Full year 2022 earnings released: US$0.56 loss per share (vs US$2.31 profit in FY 2021)Full year 2022 results: US$0.56 loss per share (down from US$2.31 profit in FY 2021). Revenue: US$12.5b (up 2.5% from FY 2021). Net loss: US$102.0m (down 124% from profit in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.9% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 11+ 1 more updateAlcoa Corporation Announces Executive Changes, Effective February 1, 2023Alcoa Corporation announced a restructuring of its executive leadership team to further improve the Company’s rigorous focus on operational excellence, cost, and innovation. The changes, effective February 1, 2023, William F. Oplinger, currently Executive Vice President (EVP) and Chief Financial Officer, will become EVP and Chief Operations Officer. Molly Beerman, currently Senior Vice President and Controller, has been appointed EVP and Chief Financial Officer. She will also be the executive member to oversee Alcoa’s Information Technology and Automation Solutions team. Renato Bacchi, currently EVP and Chief Strategy Officer, will take on added responsibilities to become EVP, Chief Strategy & Innovation Officer, including overseeing Alcoa’s breakthrough research and development technologies. As part of the restructuring, John D. Slaven, current EVP and Chief Operations Officer, and Benjamin D. Kahrs, EVP and Chief Innovation Officer, will be leaving the Company. William F. Oplinger has served as Alcoa Corporation’s Chief Financial Officer since November 2016, when the Company completed a legal and structural separation from Alcoa Inc. (the Separation). Oplinger has demonstrated expertise in finance and has prior operational experience, including previously serving as the Chief Operating Officer for Alcoa Inc.’s Global Primary Products division, which includes assets now controlled by Alcoa Corporation. Prior to his role with Alcoa Corporation, he served three years as Executive Vice President and Chief Financial Officer of Alcoa’s former parent company, which he joined in 2000. Mr. Oplinger has a bachelor’s degree in Industrial Engineering and Operations Research from Virginia Tech and a Master of Science in Industrial Administration from Carnegie Mellon University. Molly S. Beerman served as the Company’s Vice President and Controller from December 2016 through October 2019, when she was promoted to Senior Vice President and Controller. She served as Director, Global Shared Services Strategy and Solutions from November to December 2016. In 2016, she held a consulting role with Alcoa Inc., assisting in the plans for the Separation in November 2016. From 2012 to 2015, Beerman served as Vice President, Finance and Administration for a non-profit organization focused on community issues. Prior to that, she worked for 11 years for Alcoa Inc. in a variety of roles in the finance function and was the director of global procurement center of excellence from 2008 to 2012. Earlier in her career, she served in financial management positions at Carnegie Mellon University, PNC Bank, and Deloitte. Beerman obtained a bachelor’s degree in Business Administration, Accounting from Duquesne University in Pittsburgh. She is a Certified Public Accountant, Commonwealth of Pennsylvania. Renato Bacchi will take on added responsibilities to become Chief Strategy & Innovation Officer, including overseeing Alcoa’s breakthrough R&D technologies that support the Company’s vision to reinvent the aluminum industry. Bacchi was previously Senior Vice President and Treasurer of Alcoa Corporation from November 2019 through January 2022. In addition to responsibility for global treasury activities, Mr. Bacchi also had accountability for Alcoa’s Corporate Development function, which included evaluating the best uses of the company’s capital, sourcing and executing acquisition and divestiture transactions, and joint ventures. Prior to that role, he was Vice President and Treasurer, which included managing risk, cash and relationships with creditors, rating agencies, and commercial banks. Prior to the Separation of Alcoa Inc. into two separate companies in 2016, Mr. Bacchi was Assistant Treasurer of Alcoa. He joined Alcoa Inc. in 1997. Bacchi graduated from São Paulo University (Brazil) with a degree in Electrical Engineering, and earned a Master of Business Administration degree from IbMec University (Brazil).
お知らせ • Dec 29Alcoa Corporation to Report Q4, 2022 Results on Jan 18, 2023Alcoa Corporation announced that they will report Q4, 2022 results After-Market on Jan 18, 2023
Upcoming Dividend • Oct 24Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 31 October 2022. Payment date: 18 November 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (10%).
Reported Earnings • Oct 21Third quarter 2022 earnings released: US$4.17 loss per share (vs US$1.80 profit in 3Q 2021)Third quarter 2022 results: US$4.17 loss per share (down from US$1.80 profit in 3Q 2021). Revenue: US$2.85b (down 8.3% from 3Q 2021). Net loss: US$746.0m (down 321% from profit in 3Q 2021). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to €40.34, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 140% over the past three years.
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €43.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 123% over the past three years.
Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €47.87, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Metals and Mining industry in Europe. Total returns to shareholders of 166% over the past three years.
Upcoming Dividend • Aug 01Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 08 August 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (8.3%).
Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: US$3.01 (vs US$1.65 in 2Q 2021)Second quarter 2022 results: EPS: US$3.01 (up from US$1.65 in 2Q 2021). Revenue: US$3.64b (up 29% from 2Q 2021). Net income: US$549.0m (up 78% from 2Q 2021). Profit margin: 15% (up from 11% in 2Q 2021). Over the next year, revenue is expected to shrink by 2.3% compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €50.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 163% over the past three years.
Reported Earnings • May 08First quarter 2022 earnings released: EPS: US$2.55 (vs US$0.94 in 1Q 2021)First quarter 2022 results: EPS: US$2.55 (up from US$0.94 in 1Q 2021). Revenue: US$3.29b (up 15% from 1Q 2021). Net income: US$469.0m (up 168% from 1Q 2021). Profit margin: 14% (up from 6.1% in 1Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 33% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
お知らせ • May 05Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 3, 2022Alcoa Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 3, 2022 to stockholders of record as of the close of business on May 17, 2022.
Reported Earnings • Apr 22First quarter 2022 earnings released: EPS: US$2.54 (vs US$0.94 in 1Q 2021)First quarter 2022 results: EPS: US$2.54 (up from US$0.94 in 1Q 2021). Revenue: US$3.29b (up 15% from 1Q 2021). Net income: US$469.0m (up 168% from 1Q 2021). Profit margin: 14% (up from 6.1% in 1Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 34% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.