Company profile

Ticker
ARNC
Exchange
Website
CEO
John C. Plant
Employees
Incorporated in
Location
Fiscal year end
Former names
Alcoa Inc, Alcoa Inc., Aluminum Co Of America, Arconic Inc.
SEC CIK
IRS number
250317820

ARNC stock data

(
)

Calendar

27 Feb 20
7 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 3.4B 3.56B 3.69B 3.54B
Net income 309M 95M -121M 187M
Diluted EPS 0.7 0.21 -0.27 0.39
Net profit margin 9.09% 2.67% -3.28% 5.28%
Operating income 416M 326M -81M 374M
Net change in cash 327M -36M 38M -958M
Cash on hand 1.65B 1.32B 1.36B 1.32B
Cost of revenue
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 14.19B 14.01B 12.96B 12.39B
Net income 470M 642M -74M -941M
Diluted EPS 1.03 1.3 -0.28 -2.31
Net profit margin 3.31% 4.58% -0.57% -7.59%
Operating income 1.04B 1.33B 480M 954M
Net change in cash -629M 127M 287M -56M
Cash on hand 1.65B 2.28B 2.15B 1.86B
Cost of revenue

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
2 Apr 20 John C Plant RSU Common Stock Grant Aquire A 0 1,800,000 0 3,400,000
2 Apr 20 John C Plant RSU Common Stock Grant Aquire A 0 1,000,000 0 1,600,000
84.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 515 492 +4.7%
Opened positions 96 66 +45.5%
Closed positions 73 52 +40.4%
Increased positions 153 124 +23.4%
Reduced positions 185 194 -4.6%
13F shares
Current Prev Q Change
Total value 11.2B 68.47B -83.6%
Total shares 364.21M 361.02M +0.9%
Total puts 1.97M 3.14M -37.1%
Total calls 2.3M 2.24M +2.7%
Total put/call ratio 0.9 1.4 -38.8%
Largest owners
Shares Value Change
Vanguard 42.85M $1.32B +0.0%
Stonington Management 41.57M $1.28B 0.0%
BLK BlackRock 33.92M $1.04B +0.6%
First Pacific Advisors 22.72M $698.97M -9.0%
STT State Street 20.32M $625.34M -4.3%
Harris Associates L P 17.01M $523.47M -1.3%
Kensico Capital Management 12.42M $382.16M +24.2%
Orbis Allan Gray 12.23M $376.4M -0.1%
D. E. Shaw & Co. 10.02M $308.4M -4.8%
CS Credit Suisse 7.2M $221.63M +1.6%
Largest transactions
Shares Bought/sold Change
Norges Bank 4.44M +4.44M NEW
Adage Capital Partners GP, L.L.C. 4.24M +3.77M +786.1%
Canyon Capital Advisors 3.74M -3.47M -48.1%
Causeway Capital Management 2.99M +2.99M NEW
Kensico Capital Management 12.42M +2.42M +24.2%
First Pacific Advisors 22.72M -2.24M -9.0%
Allianz Asset Management GmbH 123.11K -1.92M -94.0%
NMR Nomura 2.76M -1.61M -36.9%
Citadel Advisors 86.87K -1.45M -94.3%
FMR 428.78K -1.42M -76.8%

Financial report summary

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Competition
Kaiser AluminumAlerisConstellium SE
Risks
  • The markets for Arconic’s products are highly cyclical and are influenced by a number of factors, including global economic conditions.
  • Arconic faces significant competition, which may have an adverse effect on profitability.
  • Arconic could be adversely affected by changes in the business or financial condition or the loss of a significant customer or customers.
  • Arconic could encounter manufacturing difficulties or other issues that impact product performance, quality or safety, which could affect Arconic’s reputation, business and financial statements.
  • Arconic’s business depends, in part, on its ability to meet increased program demand successfully and to mitigate the impact of program cancellations, reductions and delays.
  • Product liability, product safety, personal injury, property damage, and recall claims and investigations may materially affect Arconic’s financial condition and damage Arconic’s reputation.
  • Arconic’s global operations expose Arconic to risks that could adversely affect Arconic’s business, financial condition, results of operations, cash flows or the market price of its securities.
  • A material disruption of Arconic’s operations, particularly at one or more of the Company’s manufacturing facilities, could adversely affect Arconic’s business.
  • Arconic may be unable to realize future targets or goals established for its business segments, or complete projects, at the levels, projected costs or by the dates targeted.
  • Information technology system failures, cyber attacks and security breaches may threaten the integrity of Arconic’s intellectual property and other sensitive information, disrupt its business operations, and result in reputational harm and other negative consequences that could have a material adverse effect on its financial condition and results of operations.
  • Arconic may be unable to develop innovative new products or implement technology initiatives successfully.
  • Arconic could be adversely affected by reductions in defense spending.
  • Arconic may face challenges to its intellectual property rights which could adversely affect the Company’s reputation, business and competitive position.
  • A downgrade of Arconic’s credit ratings could limit Arconic’s ability to obtain future financing, increase its borrowing costs, increase the pricing of its credit facilities, adversely affect the market price of its securities,
  • trigger letter of credit or other collateral postings, or otherwise impair its business, financial condition, and results of operations.
  • Arconic’s business and growth prospects may be negatively impacted by limits in its capital expenditures.
  • An adverse decline in the liability discount rate, lower-than-expected investment return on pension assets and other factors could affect Arconic’s results of operations or amount of pension funding contributions in future periods.
  • Unanticipated changes in Arconic’s tax provisions or exposure to additional tax liabilities could affect Arconic’s future profitability.
  • Arconic may be unable to realize the expected benefits from acquisitions, divestitures, joint ventures and strategic alliances.
  • Arconic’s business could be adversely affected by increases in the cost of aluminum.
  • Arconic is dependent on a limited number of suppliers for a substantial portion of our aluminum and certain other raw materials essential to our operations.
  • Arconic is exposed to fluctuations in foreign currency exchange rates and interest rates, as well as inflation, economic factors, and currency controls in the countries in which it operates.
  • Arconic may not realize expected benefits from its productivity and cost-reduction initiatives.
  • Arconic’s customers may reduce their demand for aluminum products in favor of alternative materials.
  • Labor disputes and other employee relations issues could adversely affect Arconic’s business, financial condition or results of operations.
  • A failure to attract, retain or provide adequate succession plans for key personnel could adversely affect Arconic’s operations and competitiveness.
  • Arconic may be exposed to significant legal proceedings, investigations or changes in U.S. federal, state or foreign law, regulation or policy.
  • Arconic is exposed to environmental and safety risks and is subject to a broad range of health, safety and environmental laws and regulations which may result in substantial costs and liabilities.
  • Arconic is subject to privacy and data security/protection laws in the jurisdictions in which it operates and may be exposed to substantial costs and liabilities associated with such laws and regulations.
  • Failure to comply with domestic or international employment and related laws could result in penalties or costs that could have a material adverse effect on Arconic’s business results.
  • Arconic may be affected by global climate change or by legal, regulatory, or market responses to such change.
  • Changes in the United Kingdom’s economic and other relationships with the European Union could adversely affect Arconic.
  • Dividends on Arconic common stock could be reduced or eliminated in the event of material future deterioration in business conditions or in other circumstances.
  • Anti-takeover provisions could prevent or delay a change in control of Arconic, including a takeover attempt by a third party and limit the power of Arconic’s shareholders.
  • The Separation of Alcoa could result in substantial tax liability.
  • The Separation of Arconic involves significant time and expense, which could disrupt or adversely affect Arconic’s business, may not achieve some or all of the anticipated benefits, is subject to various risks and uncertainties and may not be completed in accordance with the expected plans or anticipated timelines, or at all.
Management Discussion
  • Sales. Sales for 2019 were $14,192 compared with $14,014 in 2018, an increase of $178, or 1%. The increase was primarily due to volume growth in the aerospace, packaging, commercial transportation, and industrial end markets; favorable product pricing and mix in the GRP segment; and favorable product pricing in the EP&F segment when fulfilling volume above contractual share, renewing contracts, and selling non-contractual spot business; partially offset by lower aluminum prices; lower sales of $216 from the completed ramp down of Arconic's North American packaging operations (in December 2018) and the divestitures of forgings businesses in the United Kingdom (divested in December 2019) and Hungary (divested in December 2018), and the Latin America extrusions business (divested in April 2018); and unfavorable foreign currency movements.
Content analysis ?
Positive
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Constraining
Legalese
Litigous
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