Alcoa (AA) Tops Q4 EPS by 73c, Revs In-Line

Alcoa (NYSE: AA) reported Q4 EPS of $2.50, ex-items, $0.73 better than the analyst estimate of $1.77. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.3 billion.

“We had a transformative year in 2021; we posted our highest ever annual net income, returned cash to our stockholders and significantly reduced our debt and pension obligations,” said Alcoa President and Chief Executive Officer Roy Harvey. “Our performance demonstrates that our long-term strategies are delivering value and strengthening Alcoa, so we can be successful through all phases of the commodity cycle.

“Thanks to the dedication and excellent performance of Alcoa employees across the globe, we are now stronger than ever and well positioned to realize our vision to reinvent the aluminum industry for a sustainable future,” Harvey continued. “We have a talented workforce, a portfolio of strategically located assets, a suite of low-carbon products, and innovative technologies with the potential to transform our industry.”

For earnings history and earnings-related data on Alcoa (AA) click here.

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