trending Market Intelligence /marketintelligence/en/news-insights/trending/8R3FeuO0yklVAF0JGoG9ig2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Alcoa narrows loss, boosts cash in Q4 following separation

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Alcoa narrows loss, boosts cash in Q4 following separation

Alcoa Corp. has improved its bottom line since being split into two companies, reducing its net loss to US$125 million, or 68 cents per share, in the final quarter of 2016 from US$826 million, or US$4.52 per share, a year earlier.

A main contributor to the loss was US$209 million in restructuring costs, which consequently widened the US$10 million loss booked in the third quarter, according to the Jan. 24 results.

However, Alcoa, which was demerged from Alcoa Inc. and became a standalone company on Nov. 1, 2016, also narrowed the loss for the full year to US$400 million from US$863 million and boosted its cash balance by US$198 million to US$853 million.

Fourth-quarter sales rose to US$2.54 billion from US$2.45 billion in the same quarter of 2015, but sales for the full year came in lower year over year at US$9.32 billion compared to US$11.20 billion.

"Rising alumina and aluminum prices improved the bottom line, our alumina segment had exceptional profit growth in a stronger market environment and doubled margins, while our bauxite business also increased profits and reported robust margins," CEO Roy Harvey said.