ARNC Stock Recent News

Rumors about Arconic going private have been making the rounds for a long time. The aluminum sheet and parts maker confirmed a deal this week.

Arconic said Thursday it has agreed to be taken private by Apollo Global Management for $5.2 billion, debt included. The offer price is a premium of 36% to Arconic's price when word of a potential deal first leaked.

Arconic (ARNC) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.39 per share a year ago.

Arconic (NYSE: ARNC ) stock is on the rise Thursday following news that the company is being acquired by Apollo Global Management (NYSE: APO ). Apollo Global Management intends to use cash to fuel its $5.2 billion acquisition of Arconic.

PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) will hold a webcast and teleconference to discuss first quarter 2023 financial results on Thursday, May 4, 2023 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the first quarter ended March 31, 2023, prior to the opening of the market on May 4, 2023. A live webcast of the call will be available on the “Investor Relations” page of the Company's website under “Ev.

Arconic has recently attracted acquisition interests from a number of private equity firms, including Apollo Global Management, Carlyle Group, and Lone Star Funds. Meanwhile, activist investor Sachem Head has accumulated a position and is pushing for the company's sale.

The aluminum parts maker looks like a potential takeover target.

The aerospace-parts maker is also seeking other offers, sources say.

The Arconic Corporation divestment of Arconic SMZ in Russia weighed on the Q4 performance while improving the company's operating leverage position. On the upside, Arconic prospects in North America remain resilient; on the downside, EU macro weakness could restrain the recovery of the end markets.

Arconic Corporation (NYSE:ARNC ) Q4 2022 Earnings Conference Call February 21, 2023 10:00 AM ET Company Participants Shane Rourke - Director of Investor Relations Timothy Myers - Chief Executive Officer Erick Asmussen - Executive Vice President and Chief Financial Officer Conference Call Participants Timna Tanners - Wolfe Research Curt Woodworth - Crédit Suisse Corinne Blanchard - Deutsche Bank Emily Chieng - Goldman Sachs Operator Good day, and welcome to the Arconic Corporation Q4 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.