ALCOA CORPORATION Reports FY2022 Q4 Earnings with 4.6% Revenue Increase and 20.3% Net Income Decrease Year-Over-Year.

Earnings report

ALCOA CORPORATION ($NYSE:AA) is a leading producer of aluminum products, with operations in dozens of countries across the world. The company is a publicly-traded stock, listed on the New York Stock Exchange. On January 18 2023, ALCOA CORPORATION reported their FY2022 Q4 earnings results as of December 31 2022. Overall, the results were mixed. Total revenue for the fourth quarter was USD -374.0 million, a 4.6% increase year over year. Despite this, net income decreased by 20.3% year over year to USD 2663.0 million. The company attributed the lower net income to higher costs associated with production and labor, as well as a decrease in the global price of aluminum.

Additionally, ALCOA CORPORATION noted that their performance was impacted by increased competition from other aluminum producers, as well as unfavorable currency exchange rates. Despite the lower net income, ALCOA CORPORATION’s overall financial performance for FY2022 was still strong. This indicates that ALCOA CORPORATION has been able to maintain its competitive advantage in the market despite the challenging economic environment. Overall, ALCOA CORPORATION’s FY2022 Q4 earnings report was mixed. While total revenue was up 4.6% year over year, net income decreased by 20.3%. Despite this, the company’s full fiscal year results were still strong, indicating that they have been able to maintain their competitive advantage in an ever-changing market.

Price History

On Wednesday, ALCOA CORPORATION reported its FY2022 fourth quarter earnings. The company saw a 4.6% increase in revenue compared to the same period last year, but noted a 20.3% decrease in net income year-over-year. ALCOA CORPORATION stock opened at $56.5 and closed at $53.4, down by 2.6% from prior closing price of 54.9. This decrease was primarily due to higher costs due to incremental investments, as well as increased pension and post-retirement expenses and a few other items.

Harvey continued, “Our focus on cost control and capital discipline enabled us to achieve these results while investing in the future of our business.” Overall, ALCOA CORPORATION reported solid fourth quarter earnings with an increase in revenue but a decrease in net income year-over-year. The company’s stock has seen a 2.6% decrease from its prior closing price of $54.9, closing at $53.4 on Wednesday. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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VI Analysis

The VI app makes it easy to analyze ALCOA CORPORATION‘s fundamentals to get an understanding of its long-term potential. Investors interested in such companies may be looking for short-term capital gains or are willing to take on higher risk in exchange for the potential of higher returns. ALCOA CORPORATION has a high health score of 8/10, indicating that it is capable of safely riding out any crisis without the risk of bankruptcy due to its cashflows and debt. It is also strong in liquidity, and medium in asset, dividend, growth, and profitability. This suggests that ALCOA CORPORATION has the potential for strong performance in the mid to long term. Overall, ALCOA CORPORATION is a good option for investors looking for a higher risk but potentially higher return. With the help of the VI app, investors can easily evaluate ALCOA CORPORATION’s fundamentals and make an informed decision on whether or not to invest in the company. More…

VI Peers

Alcoa Corp, one of the world’s largest aluminum producers, competes with a number of other companies in the industry, including Norsk Hydro ASA, MLG Oz Ltd, and Anglo American PLC. While each company has its own strengths and weaknesses, Alcoa has been able to stay ahead of the competition by focusing on innovation and efficiency.

– Norsk Hydro ASA ($OTCPK:NHYDY)

Norsk Hydro ASA is a Norwegian aluminum and renewable energy company. It has a market capitalization of 12.63 billion as of 2022 and a return on equity of 23.31%. The company produces aluminum and aluminum products, and also has operations in hydropower, wind power, and other renewable energy sources.

– MLG Oz Ltd ($ASX:MLG)

Anglo American PLC is a British multinational mining company with headquarters in London, United Kingdom. It is the world’s largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.

Summary

Alcoa Corporation, a major aluminum manufacturer and producer of aluminum products, recently reported its fiscal year 2022 fourth quarter financial results. Total revenue for the fourth quarter was USD -374.0 million, a 4.6% increase from the previous year. Net income, however, decreased by 20.3% compared to the same period last year to USD 2663.0 million. Investors should take into consideration the impact of these results when looking at Alcoa Corporation for potential investments. Despite the overall increase in revenue, the decrease in net income suggests that the company is not as profitable as it was previously. Furthermore, the negative total revenue figure could be indicative of a larger underlying problem within the company’s operations. When looking at Alcoa Corporation as an investment opportunity, investors should consider other factors such as the company’s market capitalization, debt levels, and management team.

Additionally, they should consider how the company’s operations are positioned to benefit from any current or upcoming trends in the aluminum industry. By carefully analyzing these factors and comparing them to other potential investments, investors can make an informed decision on whether to invest in Alcoa Corporation.