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Alcoa Corporation (NYSE:AA ) Q1 2024 Earnings Conference Call April 17, 2024 5:00 PM ET Company Participants James Dwyer - Vice President, Investor Relations & Pension Investments William Oplinger - President & Chief Executive Officer Molly Beerman - Executive Vice President & Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Chris LaFemina - Jefferies Alex Hacking - Citi Lawson Winder - Bank of America Bill Peterson - JPMorgan Timna Tanners - Wolfe Research Carlos De Alba - Morgan Stanley Katja Jancic - BMO Capital Markets Michael Dudas - Vertical Research John Tumazos - John Tumazos Very Independent Research Operator Good afternoon, and welcome to the Alcoa Corporation First Quarter 2024 Earnings Presentation and Conference Call.

Alcoa AA posted a wider loss in the first quarter after lower aluminum prices and higher production costs dented results.

Alcoa (AA) came out with a quarterly loss of $0.81 per share versus the Zacks Consensus Estimate of a loss of $0.62. This compares to loss of $0.23 per share a year ago.

Alcoa Corp  (NYSE:AA) stock is in rally mode ahead of its first-quarter earnings report, which is due out after the market close on Wednesday, April 17.

The new US and UK sanctions on Russian metals should be good for aluminum, copper and nickel producers, analysts at Jefferies suggest, as prices are likely to gain support. The ban applies to metal produced after 12 April, with preexisting stocks exempt from the sanctions.

Prices for aluminum and nickel soared in London on Monday, and Alcoa shares jumped, following the ban on fresh trading of Russian-origin metals by U.S. and U.K. authorities over the weekend.

Alcoa's (AA) first-quarter 2024 results are expected to bear the brunt of decreasing value-add product sales due to overall lower market demand. However, lower raw material and production costs are expected to provide some relief.

Evaluate the expected performance of Alcoa (AA) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Alcoa (AA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation plans to announce its first quarter 2024 financial results on Wednesday, April 17, 2024, after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's X handle @Alcoa at www.X.com/Alcoa. A conference call to discuss the financial results will begin at 5.