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Alcoa Strengthens Cash Position and Returns to Profitability in Third Quarter

Thursday, Oct 08, 2020

  • 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

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Source: Alcoa

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