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Arconic Corp

arconic.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2023 10-Q, filed Jul 31, 2023. Its latest SEC filing is a SC 13G/A from Feb 14, 2024.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Makes fabricated aluminum products and architectural systems for manufacturers, installers, and fabricators.

How Did They Make Money?

Customers buy fabricated aluminum products and architectural systems through purchase orders or multi-year agreements; sales are counted when products ship or are delivered.

FY2022 revenue

Who Were Their Customers?

Large manufacturers and original equipment makers buy sheet, plate, and extrusions directly; distributors also supply smaller, dispersed buyers. Installers and fabricators buy architectural products directly or through distributors, often project by project.

Did Revenues Turn Into Profits?

Not on paper. It lost $182M in FY2022, but brought in more cash than it spent: $93M of free cash flow.

Operating income, FY2022
−1% of revenue
▼ −84% (Loss) vs FY2021 (−$292M, −4%)
Net income, FY2022
−2% of revenue
▼ −54% (Loss) vs FY2021 (−$397M, −5%)
Free cash flow, FY2022
1% of revenue
▲ Now profitable vs FY2021 (−$591M, −8%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q2 FY2023, the three months to Jun 30, 2023
Revenue
▼ −22%
vs $2.5B in Q2 FY2022
Net income
▼ −48%
vs $114M in Q2 FY2022
  • Aug 18, 2023 Apollo Funds completed their acquisition of Arconic Arconic became a private company, and its shares stopped trading on the New York Stock Exchange.

Grew. Revenue grew 20% in 4 years, from $7.4B in FY2018 to $9B in FY2022, about 5% a year.

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