Edition:
United States

Arconic Inc (ARNC.N)

ARNC.N on New York Stock Exchange

22.99USD
2:09pm EDT
Change (% chg)

$0.27 (+1.19%)
Prev Close
$22.72
Open
$22.84
Day's High
$23.00
Day's Low
$22.47
Volume
171,617
Avg. Vol
1,061,594
52-wk High
$31.16
52-wk Low
$16.48

Latest Key Developments (Source: Significant Developments)

Arconic Says The Second Qtr Impact Of Higher Aluminum Prices Was Less Than Expected - Conf Call
Tuesday, 31 Jul 2018 10:39am EDT 

July 31 (Reuters) - Arconic Inc ARNC.N::ARCONIC CFO - "THE SECOND QUARTER IMPACT OF HIGHER ALUMINUM PRICES WAS LESS THAN EXPECTED BUT UNFAVORABLY IMPACTED OPERATING INCOME BY $20 MILLION YEAR-OVER-YEAR" - CONF CALL.ARCONIC CFO - "WHILE AVERAGE ALUMINUM PRICES FOR THE QUARTER WAS SLIGHTLY HIGHER THAN OUR ASSUMPTION OF $27.20 PER METRIC TON, ALUMINUM PRICES DROPPED AT THE END OF THE QUARTER".ARCONIC SAYS ADJUSTED OPERATING INCOME MARGIN PERCENT WAS 10.7 PERCENT FOR Q2; MORE THAN 80 PERCENT OF THE YEAR-OVER-YEAR MARGIN DECLINE WAS DUE TO HIGHER ALUMINUM PRICES.ARCONIC SAYS GUIDANCE ASSUMES AN ALUMINUM PRICE OF $2,720 PER METRIC TON FOR THE REMAINDER OF THE YEAR.ARCONIC SEES ALUMINUM PRICE AVERAGE OF $2,664 PER METRIC TON FOR THE FULL YEAR.ARCONIC SAYS ESTIMATED UNFAVORABLE ALUMINUM PRICE IMPACT FOR THE YEAR VERSUS 2017 REMAINS UNCHANGED AT ABOUT $130 MILLION.ARCONIC SAYS CONTINUE TO HAVE RISK IN OUR SAMARA FACILITY IN RUSSIA, AS WELL AS THE IMPACT OF UNFAVORABLE SCRAP SPREADS.  Full Article

Arconic Board Approves Quarterly Dividends
Thursday, 17 May 2018 08:30am EDT 

May 17 (Reuters) - Arconic Inc ::ARCONIC BOARD APPROVES QUARTERLY DIVIDENDS.ARCONIC INC - BOARD OF DIRECTORS OF ARCONIC DECLARED A DIVIDEND OF 6 CENTS PER SHARE ON OUTSTANDING COMMON STOCK OF COMPANY.  Full Article

Arconic Says Julie Richardson Will Resign From Its Board‍​
Friday, 16 Feb 2018 04:36pm EST 

Feb 16 (Reuters) - Arconic Inc ::ARCONIC INC - ON FEB 14, JULIE G. RICHARDSON NOTIFIED THE BOARD OF OF CO THAT SHE HAD DECIDED TO RESIGN FROM THE BOARD‍​.ARCONIC INC SAYS APPROVED DECREASE IN SIZE OF BOARD FROM FOURTEEN TO THIRTEEN MEMBERS​ - SEC FILING.  Full Article

Arconic Board Declared Dividend Of 6 Cents Per Share
Thursday, 15 Feb 2018 04:30pm EST 

Feb 15 (Reuters) - Arconic Inc ::ARCONIC BOARD APPROVES QUARTERLY DIVIDENDS.ARCONIC INC - DECLARED DIVIDEND OF 6 CENTS PER SHARE ON OUTSTANDING COMMON STOCK OF COMPANY.  Full Article

Arconic Says Intends To Redeem On Or About March 7, 2018 All Of Its Outstanding 5.72 Pct Notes Due 2019
Tuesday, 6 Feb 2018 05:02pm EST 

Feb 6 (Reuters) - Arconic Inc ::ARCONIC SAYS INTENDS TO REDEEM ON OR ABOUT MARCH 7, 2018 ALL OF ITS OUTSTANDING 5.72% NOTES DUE 2019 - SEC FILING.  Full Article

Arconic To Freeze Pension Plans For U.S.-Based Salaried, Non-Bargained Hourly Employees
Monday, 8 Jan 2018 08:15am EST 

Jan 8 (Reuters) - Arconic Inc ::ARCONIC TO FREEZE PENSION PLANS FOR U.S.-BASED SALARIED AND NON-BARGAINED HOURLY EMPLOYEES.ARCONIC INC - IN Q1 OF 2018, CO EXPECTS TO RECORD LIABILITY DECREASE OF ABOUT $140 MILLION RELATED TO REDUCTION OF FUTURE BENEFITS.ARCONIC INC - ‍FOR FY 2018, COMPANY EXPECTS PENSION-RELATED EXPENSE TO BE LOWER BY APPROXIMATELY $50 MILLION PRE-TAX COMPARED TO 2017 FULL-YEAR EXPENSES​.ARCONIC INC - ‍RETIREES ALREADY COLLECTING BENEFITS AND FORMER EMPLOYEES WITH VESTED BENEFITS UNDER PENSION PLANS WILL NOT BE IMPACTED BY THE CHANGE​.ARCONIC INC - ‍PROVIDING ADDITIONAL TRANSITION CONTRIBUTION OF 3% OF ELIGIBLE COMPENSATION FOR REMAINING NINE MONTHS OF 2018 FOR AFFECTED EMPLOYEES​.  Full Article

Elliott Says Elliott, Elliott International & Eica Have Combined Economic Exposure In Arconic Of About 12.1 Pct Of Arconic's Shares As Of Dec. 19
Wednesday, 20 Dec 2017 05:21pm EST 

Dec 20 (Reuters) - Arconic Inc ::ELLIOTT SAYS ELLIOTT, ELLIOTT INTERNATIONAL & EICA HAVE COMBINED ECONOMIC EXPOSURE IN ARCONIC OF ABOUT 12.1 PERCENT OF ARCONIC'S SHARES AS OF DEC. 19.ELLIOTT SAYS AS OF CLOSE OF BUSINESS ON MAY 30, ELLIOTT INTERNATIONAL, EICA HAD COMBINED ECONOMIC EXPOSURE OF ABOUT 13.2 PERCENT OF ARCONIC SHARES.  Full Article

Arconic Divests Its Latin America Extrusions Business
Friday, 8 Dec 2017 08:30am EST 

Dec 8 (Reuters) - Arconic Inc ::ARCONIC DIVESTS ITS LATIN AMERICA EXTRUSIONS BUSINESS.ARCONIC DIVESTS ITS LATIN AMERICA EXTRUSIONS BUSINESS.ARCONIC INC - ‍UNDER TERMS OF AGREEMENT, ARCONIC WILL RECEIVE APPROXIMATELY $10 MILLION IN CASH FOR LAE BUSINESS​.ARCONIC INC - ‍ BUSINESS IS PART OF COMPANY'S TRANSPORTATION AND CONSTRUCTION SOLUTIONS SEGMENT​.ARCONIC INC - DEAL IS EXPECTED TO CLOSE IN FIRST HALF OF 2018.ARCONIC INC - RESTRUCTURING-RELATED CHARGE PRIMARILY RELATES TO NON-CASH IMPAIRMENT OF NET BOOK VALUE OF BUSINESS.ARCONIC INC - ‍ RESTRUCTURING-RELATED CHARGE IS A SPECIAL ITEM AND WILL NOT IMPACT ADJUSTED EARNINGS PER SHARE IN Q4 OF 2017​.ARCONIC - WILL RECOGNIZE RESTRUCTURING-RELATED CHARGE REPRESENTING LOSS ON SALE OF ABOUT $40 MILLION AFTER-TAX, OR $0.08 PER DILUTED SHARE, IN Q4 2017.ARCONIC - POST REGULATORY, ANTI-TRUST REVIEWS, OWNERSHIP OF LATIN AMERICA EXTRUSIONS WILL BE TRANSFERRED TO A UNIT OF HYDRO EXTRUDED SOLUTIONS AS.  Full Article

Arconic Shareholders Approve Delaware Reincorporation
Thursday, 30 Nov 2017 04:05pm EST 

Nov 30 (Reuters) - Arconic Inc ::ARCONIC SHAREHOLDERS APPROVE DELAWARE REINCORPORATION.ARCONIC - SHAREHOLDERS HAVE APPROVED COMPANY'S REINCORPORATION FROM PENNSYLVANIA TO DELAWARE.ARCONIC - SHAREHOLDERS ALSO APPROVED ANNUAL ELECTION OF FULL ARCONIC BOARD FOLLOWING REINCORPORATION.ARCONIC INC - CURRENTLY EXPECTS REINCORPORATION MERGER TO BE EFFECTIVE ON OR ABOUT DECEMBER 31, 2017.  Full Article

Arconic ‍announces plans to install new horizontal heat treat furnace
Monday, 20 Nov 2017 04:01pm EST 

Nov 20 (Reuters) - Arconic Inc ::Arconic Inc - ‍announced plans to install a new horizontal heat treat furnace at its davenport works facility in Iowa​.Arconic Inc - ‍$137 million investment is supported by economic development financial assistance from Iowa department of economic development & riverdale​.Arconic Inc - ‍construction on project is expected to begin late this year with commercial production expected to start in 2019​.  Full Article

Aluminum products maker Arconic in talks to sell itself: sources

Aluminum products maker Arconic Inc is discussing acquisition offers for the entire company, even though it announced a sale process last month only for its building and construction systems unit, people familiar with the matter said.