February 5, 2018 / 1:32 PM / 10 months ago

BRIEF-Arconic Reports Q4 Loss Per Share $1.51

Feb 5 (Reuters) - Arconic Inc:

* ARCONIC REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS

* SEES FY 2018 REVENUE $13.4 BILLION TO $13.7 BILLION

* WILL RELOCATE ITS GLOBAL HEADQUARTERS IN 2018 OUT OF NEW YORK CITY TO A MORE COST-EFFECTIVE LOCATION

* SEES 2018​ ‍FREE CASH FLOW OF ABOUT $500 MILLION

* EXPECTS TO COMPLETE HEADQUARTERS RELOCATION BY END OF 2018.

* SEES 2018 ADJUSTED EARNINGS PER SHARE OF $1.45-$1.55‍​

* ANNOUNCED SHARE REPURCHASE PROGRAM OF UP TO $500 MILLION AND $500 MILLION EARLY DEBT REDUCTION

* CHIP BLANKENSHIP, WHO OFFICIALLY JOINED COMPANY ON JANUARY 15, HAS INITIATED A REVIEW OF ARCONIC’S STRATEGY AND PORTFOLIO

* EXPECTS TO COMPLETE STRATEGY AND PORTFOLIO REVIEW​ BY END OF YEAR

* FY2018 EARNINGS PER SHARE VIEW $1.60, REVENUE VIEW $13.10 BILLION — THOMSON REUTERS I/B/E/S

* Q4 EARNINGS PER SHARE VIEW $0.24, REVENUE VIEW $3.09 BILLION — THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below