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Arconic Corporation  (ARNC)
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Price: $29.9900 $0.01 0.033%
Day's High: $30.02 Week Perf: 0.37 %
Day's Low: $ 29.98 30 Day Perf: 0.77 %
Volume (M): 4,377 52 Wk High: $ 30.02
Volume (M$): $ 131,266 52 Wk Avg: $28.05
Open: $29.99 52 Wk Low: $22.35



 Market Capitalization (Millions $) 3,051
 Shares Outstanding (Millions) 102
 Employees -
 Revenues (TTM) (Millions $) 8,141
 Net Income (TTM) (Millions $) -254
 Cash Flow (TTM) (Millions $) 14
 Capital Exp. (TTM) (Millions $) 256

Arconic Corporation

Formed in 1888, Arconic Inc. (formerly known as Alcoa Inc.) is a Pennsylvania corporation with its principal office in New York, New York. In this report, unless the context otherwise requires, “Arconic” or the “Company” means Arconic Inc. and all subsidiaries consolidated for the purposes of its financial statements.

Arconic is a global leader in lightweight metals engineering and manufacturing. Arconic’s innovative, multi-material products, which include aluminum, titanium, and nickel, are used worldwide in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications.

Arconic is a global company operating in 19 countries. Based upon the country where the point of sale occurred, the United States and Europe generated 63% and 26%, respectively, of Arconic’s sales. In addition, Arconic has operating activities in Brazil, Canada, China, Japan, and Russia, among others. Governmental policies, laws and regulations, and other economic factors, including inflation and fluctuations in foreign currency exchange rates and interest rates, affect the results of operations in these countries.
Arconic’s operations consist of three worldwide reportable segments: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions.

Arconic’s Global Rolled Products segment produces a range of aluminum sheet and plate products for the aerospace, automotive, commercial transportation, brazing and industrial markets. This segment comprises Aerospace and Automotive Products; Brazing, Commercial Transportation and Industrial Solutions; and Micromill™ Products and Services. As part of the Separation of Alcoa Corporation from the Company, the Global Rolled Products segment integrated its Bohai (China), Itapissuma (Brazil), and Samara (Russia) facilities into Brazing, Commercial Transportation and Industrial Solutions and its Tennessee (U.S.) facility into Aerospace and Automotive Products.

Arconic’s Engineered Products and Solutions segment develops and manufactures high performance products for the aerospace (commercial and defense), commercial transportation, and power generation end markets. Such products include fastening systems (titanium, steel, and nickel superalloys); seamless rolled rings (mostly nickel superalloys); investment castings (nickel superalloys, titanium, and aluminum), including airfoils and forged jet engine components (e.g., jet engine disks); and various forging and extrusion metal products for the oil and gas, industrial products, automotive, and land and sea defense end markets.
The Engineered Products and Solutions segment is comprised of four business units: Arconic Power and Propulsion; Arconic Fastening Systems and Rings; Arconic Forgings and Extrusions; and Arconic Titanium and Engineered Products

.
Arconic Power and Propulsion (APP). APP produces investment cast airfoils for aero engine and industrial gas turbines and structural aero engine and airframe components. APP also provides additive manufacturing technologies, superalloy and titanium ingots, machining, performance coatings, and hot isostatic pressing for high performance parts.


Arconic Fastening Systems and Rings (AFSR). AFSR produces aerospace fastening systems and rings, as well as commercial transportation fasteners. The business’s rings and high-tech, multi-material fastening systems are found nose to tail on aircraft and aero engines. The business’s products are also critical components of industrial gas turbines, automobiles, commercial transportation vehicles, and construction and industrial equipment.

Arconic’s Transportation and Construction Solutions segment produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets. Such products include integrated aluminum structural systems, architectural extrusions, forged aluminum commercial vehicle wheels, and aluminum products for the industrial products end market.
The Transportation and Construction Solutions segment is comprised of three business units: Arconic Wheel and Transportation Products; Building and Construction Systems; and Latin American Extrusions.



   Company Address: 201 Isabella Street, Pittsburgh, 15212 PA
   Company Phone Number: 992-2500   Stock Exchange / Ticker: NYSE ARNC
   


Customers Net Income grew by ARNC's Customers Net Profit Margin grew to

545.57 %

12.28 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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• View Complete Report
   



Arconic Corporation

Arconic Corporation Sees 44.76% Plunge in Q2 2023 Earnings Per Share Despite Sequential Revenue Growth

During the past 5 trading days, Arconic Corporation shares have shown a slight improvement of 0.37%. While this may seem like a modest increase, it is worth noting that the company's year-to-date performance has been quite impressive, standing at 41.1%. However, it is important to consider that Arconic Corporation shares are currently 2.5% below their 52-week high.
Looking at the financial span from April to June 30, 2023, Arconic Corporation experienced a significant decline in earnings per share (EPS), with a plummet of -44.76% from $1.05 per share a year ago to $0.58 per share. On the other hand, the company saw a substantial increase in earnings per share of 141.67% from $0.24 per share in the previous reporting period. This mixed result in profitability reflects the challenges faced by Arconic Corporation during this financial span.

Arconic Corporation

Arconic Corporation's EPS Plummets as Weak Sales Lead to Cumulative Net Loss in First Quarter of 2023

Arconic Corporation, a manufacturer of high-performance materials and components for the aerospace, defense, and industrial sectors, has reported a cumulative net loss of $198 million during the 12 months ending in the first quarter of 2023. This has resulted in a negative return on assets (ROA) of -3.11%, indicating that the company's assets are not generating adequate returns.
Within the Basic Materials sector, it has been reported that 117 other companies had a higher return on assets than Arconic Corporation. This suggests that Arconic Corporation is underperforming relative to its peers.






 

Arconic's Segments
 
 
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