Alcoa Strengthens Cash Position and Returns to Profitability in Third Quarter
Thursday, Oct 08, 2020
Highlights:- Income from continuing operations of $73 million, or $0.07 per share
- Excluding restructuring and special items, income of $39 million, or $0.04 per share
- Revenues up 9 percent over second quarter 2009
- Cash Sustainability initiatives exceeding targets
- Actions offsetting negative currency and energy impacts
- EBITDA of $454 million in third quarter 2009
- Cash from operations of $184 million in third quarter 2009
- Debt-to-capital at 38.3%, down 140 basis points sequentially
- Cash on hand of $1.1 billion
Source: Alcoa
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