Alcoa Corporation reported Q2 2024 net income of $20 million, or $0.11 per share, compared to a net loss of $102 million in Q2 2023. Revenue increased 8% to $2.906 billion, driven by higher aluminum and alumina prices. The company's Segment Adjusted EBITDA rose to $419 million, with Aluminum segment contributing $233 million and Alumina segment $186 million.The company completed the full curtailment of its Kwinana refinery in June 2024 as planned, recording restructuring charges of $8 million in Q2. The Alumar smelter reached 72% of capacity, while operations at Canadian and Norwegian smelters achieved year-to-date production records. Cost of goods sold as a percentage of sales decreased 5% sequentially.In March 2024, Alcoa issued $750 million in 7.125% Senior Notes due 2031 with green bond designation. The company maintained its quarterly dividend of $0.10 per share. On August 1, 2024, Alcoa completed the acquisition of Alumina Limited, exchanging approximately 82.8 million shares for Alumina Limited's 40% stake in the AWAC joint venture.

Alcoa Corporation reported Q2 2024 net income of $20 million, or $0.11 per share, compared to a net loss of $102 million in Q2 2023. Revenue increased 8% to $2.906 billion, driven by higher aluminum and alumina prices. The company's Segment Adjusted EBITDA rose to $419 million, with Aluminum segment contributing $233 million and Alumina segment $186 million.The company completed the full curtailment of its Kwinana refinery in June 2024 as planned, recording restructuring charges of $8 million in Q2. The Alumar smelter reached 72% of capacity, while operations at Canadian and Norwegian smelters achieved year-to-date production records. Cost of goods sold as a percentage of sales decreased 5% sequentially.In March 2024, Alcoa issued $750 million in 7.125% Senior Notes due 2031 with green bond designation. The company maintained its quarterly dividend of $0.10 per share. On August 1, 2024, Alcoa completed the acquisition of Alumina Limited, exchanging approximately 82.8 million shares for Alumina Limited's 40% stake in the AWAC joint venture.