Arconic Reports Fourth Quarter 2022 and Full Year 2022 Results
Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today reported fourth quarter 2022 and full year 2022 results.
- Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today reported fourth quarter 2022 and full year 2022 results.
- The Company reported a net loss of $273 million, or $2.70 per share, in fourth quarter 2022 compared with a net loss of $38 million, or $0.36 per share, in fourth quarter 2021.
- The fourth quarter 2022 net loss includes a $304 million after-tax loss related to the sale of the Company’s Russian operations.
- Fourth quarter 2022 Adjusted EBITDA was $154 million and Adjusted EBITDA excluding Russian Operations was $145 million, down 5% year over year on a comparable basis, primarily due to operational challenges in the quarter that impacted industrial output.