LONDON, UK / ACCESSWIRE / January 22, 2018 / Active-Investors.com has just released a free earnings report on Alcoa Corp. (NYSE: AA). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AA. The Company reported its fourth quarter and fiscal 2017 operating and financial results on January 17, 2018. The bauxite, alumina, and aluminum products provider reported lower than expected results. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Alcoa most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

Alcoa reported revenues of $3.17 billion for the fourth quarter of the fiscal year 2017, up 25% compared to $2.54 billion in Q4 2016. However, the Company's revenue numbers fell short of analysts' estimates of $3.38 billion.

For FY17, Alcoa's revenue totaled $11.64 billion, up 25% compared to $9.32 billion in FY16, reflecting higher alumina and aluminum pricing.

During Q4 2017, Alcoa reported a net loss of $196 million, or $1.06 per share, compared to a net loss of $125 million, or $0.68 per share, in Q4 2016. The Company's reported quarter results included $391 million of special items, primarily attributed to actions relating to the Rockdale Operations and the Portovesme smelter. Other special items included charges for income tax valuation allowance and tax rate change adjustments, as well as certain impacts from new US income tax legislation, and costs for the partial restart of the Warrick smelter in Indiana.

Excluding the impact of special items, Alcoa's adjusted net income was $195 million, or $1.04 per share, for Q4 2017 compared to $$26 million, or $0.14 per share, for Q4 2016. The Company's earnings numbers lagged Wall Street's estimates of $1.23 per share.

For Q4 2017, Alcoa's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), excluding special items, rose 131% to $775 million compared to $335 million in Q4 2016. The improvement was primarily driven by increased pricing for both alumina and aluminum, partially offset by higher energy costs.

For the full year 2017, Alcoa reported a net income of $217 million, or $1.16 per share, compared to a net loss of $400 million, or $2.19 loss per share, for the full year 2016. Excluding special items, the Company reported an adjusted net income of $563 million, or $3.01 per share, in FY17 compared to an adjusted net loss of $227 million, or $1.24 per share, in FY16.

Cash Matters

Alcoa's cash from operations was $455 million and free cash flow was $305 million in Q4 2017. The Company's cash used for financing activities and investing activities was $53 million and $170 million, respectively, in the reported quarter.

Alcoa ended Q4 2017 with cash on hand of $1.36 billion with $1.41 billion of debt, for a net debt of $0.05 billion. The Company reported working capital of 11 days at the end of Q4 2017, a 3-day improvement on a y-o-y basis.

Market Update

For 2018, Alcoa is forecasting balanced global bauxite and alumina markets and a global aluminum deficit of 300,000 to 700,000 metric tons. Alcoa is projecting 2018 global aluminum demand growth of 4.25% to 5.25%, following the Company's final 2017 global demand growth rate of 5.25%.

Alcoa is estimating full-year 2018 adjusted EBITDA, excluding special items, to range between $2.6 billion and $2.8 billion.

Stock Performance Snapshot

January 19, 2018 - At Friday's closing bell, Alcoa's stock was slightly up 0.19%, ending the trading session at $53.10.

Volume traded for the day: 5.76 million shares, which was above the 3-month average volume of 4.34 million shares.

Stock performance in the last month ? up 19.14%; previous three-month period ? up 11.20%; last six-month period ? up 44.61%; and past twelve-month period ? up 49.92%

After last Friday's close, Alcoa's market cap was at $9.94 billion.

Price to Earnings (P/E) ratio was at 36.25.

The stock is part of the Basic Materials sector, categorized under the Aluminum industry. This sector was up 0.1% at the end of the session.

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