October 18, 2023– Alcoa Corporation (NYSE: AA) today reported third quarter 2023 results that include increased third-party shipments in the Company’s two segments and a sequential improvement in cash generated from operations despite lower sequential average realized prices for alumina and aluminum. Financial Results and Highlights M, except per share amounts 3Q23 2Q23 3Q22 —————————————— ——– ——– ——– Revenue $2,602 $2,684 $2,851 Net loss attributable to Alcoa Corporation $(168) $(102) $(746) Loss per share attributable to Alcoa Corporation $(0.94) $(0.57) $(4.17) —————————————— ——– ——– ——– Adjusted net loss $(202) $(62) $(60) Adjusted loss per share $(1.14) $(0.35) $(0.33) —————————————— ——– ——– ——– Adjusted EBITDA excluding special items $70 $137 $210 —————————————— ——– ——– ——– — Increased third-party shipments of alumina by 11 percent and aluminum by 1 percent sequentially — Generated $69 million in cash from operations, a sequential improvement of $82 million — Finished the third quarter with a

Alcoa (NYSE:AA) reported quarterly losses of $(1.14) per share which missed the analyst consensus estimate of $(1.13) by 0.88 percent. This is a 245.45 percent decrease over losses of $(0.33) per share from the same period last year. The company reported quarterly sales of $2.60 billion which beat the analyst consensus estimate of $2.59 billion by 0.42 percent. This is a 8.73 percent decrease over sales of $2.85 billion the same period last year.

ALCOA Posts Q3 Revenue $2.6B, Vs. Street Est of $2.58B。