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ARNC - Arconic (PITTSBURGH) News Story

$27.7 0.3  0.9%

Last Trade - 9:10pm

Sector
Basic Materials
Size
Mid Cap
Market Cap £2.19bn
Enterprise Value £2.56bn
Revenue £4.12bn
Position in Universe 1871st / 6851

BRIEF-Arconic Reports Fourth Quarter 2020 And Full Year 2020 Results

Tue 23rd February, 2021 12:12pm
Feb 23 (Reuters) - Arconic Corp (PITTSBURGH)  ARNC.N :
    * ARCONIC REPORTS FOURTH QUARTER 2020 AND FULL YEAR 2020
RESULTS
    * Q4 LOSS PER SHARE $0.59
    * Q4 SALES $1.5 BILLION VERSUS REFINITIV IBES ESTIMATE OF
$1.46
BILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $0.32 -- REFINITIV IBES
DATA
    * SEES FY 2021 REVENUE $6.6 BILLION TO $6.9 BILLION
    * ARCONIC - IMPLEMENTED $260 MILLION IN CASH CONSERVATION
ACTIONS,
ABOVE PRIOR TARGET OF $250 MILLION
    * ARCONIC - EXPECTS TO COMPLETE ADDITIONAL ANNUITIZATIONS
DURING
FIRST HALF OF 2021
    * ARCONIC - EXPECTS FULL-YEAR 2021 REVENUE TO BE IN A RANGE
OF
$6.6 BILLION TO $6.9 BILLION
    * ARCONIC - ADJUSTED EBITDA FOR FULL-YEAR 2021 IS EXPECTED
TO BE
IN A RANGE OF $675 MILLION TO $725 MILLION
    * ARCONIC - FCF FOR FULL-YEAR 2021 IS EXPECTED TO BE IN A
RANGE OF
NEGATIVE $50 MILLION TO POSITIVE $50 MILLION
    * FY2021 REVENUE VIEW $6.46 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw5QKWTda 
Further company coverage:  ARNC.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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