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Arconic Inc (ARNC.N)

ARNC.N on New York Stock Exchange

25.18USD
13 Dec 2017
Change (% chg)

$0.53 (+2.15%)
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Latest Key Developments (Source: Significant Developments)

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

Arconic inc ‍announces multi-year cooperative research agreement with Airbus
Wednesday, 15 Nov 2017 07:00am EST 

Nov 15 (Reuters) - Arconic Inc ::Announced a multi-year cooperative research agreement with Airbus to advance metal 3D printing for aircraft manufacturing​.  Full Article

‍TSI Inc announces distribution agreement with Arconic​
Monday, 23 Oct 2017 02:19pm EDT 

Oct 23 (Reuters) - ‍TSI Inc::‍TSI Incorporated announces a distribution agreement with Arconic Inc​.‍TSI Inc says TSI will resell Arconic's micro certified reference materials in a kit for field standardization of ChemLite LIBS metal analyzers​.  Full Article

‍Elliott Management Corp says strongly supports Charles Blankenship as Arconic's next CEO​
Monday, 23 Oct 2017 08:00am EDT 

Oct 23 (Reuters) - Arconic Inc :‍Elliott Management Corporation - strongly supports Charles Blankenship as Arconic's next CEO, John Plant as next board chair​.  Full Article

Arconic says Q3 earnings per share $0.22
Monday, 23 Oct 2017 08:00am EDT 

Oct 23 (Reuters) - Arconic Inc -:Arconic reports third quarter 2017 results.Q3 adjusted earnings per share $0.25 excluding items.Q3 earnings per share $0.22.Q3 revenue $3.2 billion versus I/B/E/S view $3.09 billion.Q3 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Arconic Inc- ‍reaffirming full year earnings guidance​.Arconic Inc sees FY 2017 revenue ‍$12.6 billion -$12.8 billion​.Arconic Inc sees FY 2017 capex about $600 mln‍​.FY2017 earnings per share view $1.18, revenue view $12.50 billion -- Thomson Reuters I/B/E/S.Arconic Inc qtrly ‍results were negatively impacted by sharply higher, non-cash lifo charge, resulting from a spike in aluminum prices​.Arconic - ‍on track to deliver improvement of about $100 million year over year in SG&A, with additional run-rate savings expected in 2018​.Arconic Inc - ‍qtrly results included a lifo- and metal lag-related $30 million charge ($46 million pre-tax) and $13 million in special items​.  Full Article

Arconic appoints Charles Blankenship CEO, John Plant named Chair of the Board
Monday, 23 Oct 2017 07:45am EDT 

Oct 23 (Reuters) - Arconic Inc :Arconic appoints Charles “Chip” Blankenship Chief Executive Officer; John Plant named Chair of the Board.Arconic Inc - ‍Blankenship previously led GE Aviation's Commercial Engines Operation​.Arconic Inc - ‍Plant succeeds Pat Russo, who stepped into role of Chair of Board on an interim basis in April 2017​.Arconic Inc- ‍appointed Charles "Chip" Blankenship as CEO effective January 15, 2018​.  Full Article

Arconic Inc entered separation agreement with Klaus Kleinfeld on July 31‍​
Wednesday, 2 Aug 2017 09:29am EDT 

Aug 2 (Reuters) - Arconic Inc :Arconic Inc - On July 31, co entered separation agreement with Klaus Kleinfeld, former chairman and ceo of the company‍​ - SEC filing.Arconic - separation agreement states that co will provide to Kleinfeld cash payment of $5 million, a prorated bonus for 2017.Arconic - separation agreement also contains a mutual non-disparagement covenant, a mutual general release of claims and a cooperation covenant.  Full Article

Arconic is sued in U.S. over fatal fire in London's Grenfell Tower
Thursday, 13 Jul 2017 05:00pm EDT 

July 13 (Reuters) - Arconic shareholder files securities fraud lawsuit against company over fatal grenfell tower fire in london -- u.s. Court filing:.  Full Article

BRIEF-Arconic Divests Its Latin America Extrusions Business

* ARCONIC INC - ‍UNDER TERMS OF AGREEMENT, ARCONIC WILL RECEIVE APPROXIMATELY $10 MILLION IN CASH FOR LAE BUSINESS​