Alcoa Corp.

Alcoa Corp. today announced the successful completion of its acquisition of Alumina Ltd. . This strategic move positions Alcoa to further strengthen its market leadership as a pure play, upstream aluminum company. "Alcoa is proud to announce the completion of our first major acquisition. The acquisition of Alumina Limited strengthens Alcoa's position as one of the world's largest bauxite and alumina producers and is [...]

Alcoa Corp. today 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 August 29, 2024, to stockholders of record as of the close of business on August 12, 2024. In connection with the Company's acquisition of Alumina Ltd., the Series A convertible preferred stock was created and will be issued [...]

Alcoa Corp. today reported results for the second quarter 2024 consistent with the Company's previously announced preliminary results that reflect sequential increases in revenue, net income, adjusted net income and Adjusted EBITDA excluding special items on higher alumina and aluminum prices, along with continued progress on profitability improvement programs. Financial Results and Highlights M, except per share amounts [...]

Alcoa Corp. today announced the preliminary voting results of its Special Meeting of Stockholders, at which the stockholders approved the Company's issuance of shares in connection with the proposed acquisition of Alumina Ltd. by way of a scheme of arrangement . Approximately 99 percent of Alcoa shares present at the Special Meeting of Stockholders today voted in favor of the issuance of shares of Alcoa stock in [...]

Alcoa Corp. today announced further progress on ELYSIS technology with Rio Tinto's plans to launch the first industrial-scale demonstration of the breakthrough technology, which eliminates all greenhouse gas emissions from the traditional smelting process and produces oxygen as a byproduct. Established in 2018, ELYSIS is a technology partnership between Alcoa and Rio Tinto to advance technology first developed at the [...]

Alcoa Corp. plans to announce its second quarter 2024 financial results on Wednesday, July 17, 2024, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to discuss the second quarter financial results on July 17, 2024, at 5:00 p.m. EDT, and the call will be webcast live via Alcoa's website, www.alcoa.com. The press release with financial results, and a related presentation, will be [...]

Alcoa Corp. today announced that it has reached several key milestones in its acquisition of Alumina Ltd. and expects the transaction to be completed on or about August 1, 2024, subject to the satisfaction of customary conditions. The milestones include: Alcoa filed its definitive proxy statement with the Securities and Exchange Commission on June 6, 2024, and scheduled the Special Meeting of Shareholders to vote on the [...]

Alcoa Corp. Executive Vice President and Chief Financial Officer Molly S. Beerman will participate in a webcast session at the JP Morgan 2024 Energy, Power & Renewables Conference in New York, New York, on Tuesday, June 18, 2024. At 9:10 a.m. EDT, Beerman will participate in a question-and-answer session regarding Alcoa's business, the announced acquisition of Alumina Ltd., and outlook in the current market, including [...]

Alcoa Corp. today announced it has entered into a Deed of Amendment and Restatement of the Scheme Implementation Deed previously announced March 11, 2024 with Alumina Ltd. in relation to the acquisition of Alumina Ltd. . Alumina Ltd. shareholders will continue to receive the previously announced Scheme Consideration of 0.02854 New CHESS Depositary Interests or equivalent for each Alumina Ltd. share . Each New Alcoa CDI [...]

Alcoa Corp. today 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. About Alcoa Corporation Alcoa is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a [...]