https://au.finance.yahoo.com/news/3q21-results-alcoa-sets-another...

https://au.finance.yahoo.com/news/3q21-results-alcoa-sets-another-201400895.html

PITTSBURGH, October 14, 2021--Alcoa Corporation (NYSE: AA) today reported its highest quarterly net income and earnings per share, eclipsing the prior quarter’...

Alcoa Corporation (NYSE: AA) today reported its highest quarterly net income and earnings per share, eclipsing the prior quarter’s record-setting financial performance and continuing to capture benefits from strong aluminum pricing.Third Quarter HighlightsGrew revenue to $3.1 billion, a sequential increase of 10 percentSet a record for quarterly net income of $337 million and earnings per share of $1.76Realized a 39 percent sequential increase in adjusted net income to $391 million, and an 18 percent sequential increase in Adjusted EBITDA excluding special items to $728 millionAnnounced plans to restart 268,000 metric tons of curtailed aluminum capacity at the Alumar smelter in São Luís, Brazil, to be fully operational in the fourth quarter of 2022Redeemed $500 million in higher-interest rate notes; no debt maturities until 2027Strengthened the balance sheet with total debt at $1.8 billion and net debt of $350 million as of September 30, 2021; proportional adjusted net debt of $1.7 billion, below the Company's target range of $2.0 billion to $2.5 billionGenerated $435 million in cash from operations; finished the quarter with a cash balance of $1.45 billion