Arconic Cuts FY22 Top-Line Outlook Citing Declining Aluminum Prices
Arconic Corp (NYSE: ARNC ) reported second-quarter sales growth of 41.5% year-over-year to $2.55 billion , beating the consensus of $2.43 billion. EPS was $1.05, beating the consensus of $0.77. Sales by segments: Rolled Products $2.11 billion ( 43.4% Y|Y), Building and Construction Systems $329 million ( 28% Y|Y) and Extrusions $105 million ( 50% Y|Y). Adjusted EBITDA was $204 million ( 9.1% Y|Y), and the margin contracted by 238 bps to 8%. "We are on track to deliver double-digit adjusted EBITDA growth … Full story available on Benzinga.com
Arconic Cuts FY22 Top-Line Outlook Citing Declining Aluminum Prices
Arconic Corp (NYSE: ARNC ) reported second-quarter sales growth of 41.5% year-over-year to $2.55 billion , beating the consensus of $2.43 billion. EPS was $1.05, beating the consensus of $0.77. Sales by segments: Rolled Products $2.11 billion ( 43.4% Y|Y), Building and Construction Systems $329 million ( 28% Y|Y) and Extrusions $105 million ( 50% Y|Y). Adjusted EBITDA was $204 million ( 9.1% Y|Y), and the margin contracted by 238 bps to 8%. "We are on track to deliver double-digit adjusted EBITDA growth … Full story available on Benzinga.com