Alcoa (AA) Surges Within A Week: It Announces Strong Q3 2021 Results

This week, Alcoa’s stock is trading higher than last week by almost 7%. Currently, it is trading at the value of $48.60 while the market cap is 9 billion dollars. Recently, the company published its quarterly strong net profit earnings per share, achieving record financial performance. In 2021, the grew revenue has increased to over $3.1 billion resulting in a 10% growth.
According to the results of the 3rd quarter of 2021, the company set a record for a quarterly net profit of $337 million and earnings per share of $1.76. Also, Adjusted EBITDA expanded by 18% representing $728 million. Alcoa generated $435 million in cash from operations; completed the quarter with a cash balance of almost $1.45 billion. As of September 30, 2021, the total debt was $1.8 billion, with a repayment of $500 million while the total debt of $2.3 billion.

April Sanchez

Business and Tech Reporter