Business · Companies · 3 hrs ago
Alcoa reports higher third-quarter profit as AliGroup deal advances
Alcoa reported third-quarter 2026 net income of $483 million, up from $407 million in the previous quarter.
Revenue was $3.7 billion, down 7% from the second quarter, while free cash flow reached $472 million.
Aluminium production increased for the sixth quarter in a row, and Alcoa completed the restart of its Alumar smelter in Brazil.
The AliGroup acquisition from South32 moved closer to completion, with funding secured and South32 shareholders approving the deal.
Alcoa expects to complete the transaction in the first half of 2027, then integrate the acquired assets.
The company kept its 2026 production and shipment forecasts unchanged, but expects higher raw material costs and scheduled maintenance to weigh on its Aluminium segment.
Alcoa reported third-quarter 2026 net income of $483 million, up from $407 million in the previous quarter.
Revenue was $3.7 billion, down 7% from the second quarter.
The company said aluminium production rose for a sixth consecutive quarter, with five smelters and one refinery reaching year-to-date volume records.
Funding for Alcoa’s planned AliGroup acquisition is secured, and South32 shareholders have approved the deal.
The acquisition is on track to be completed in the first half of 2027.
- Who
- Alcoa Corporation.
- What
- Alcoa reported higher third-quarter net income and said its planned AliGroup acquisition is advancing.
- When
- Third quarter 2026. The acquisition is expected to be completed in the first half of 2027.
- Where
- Alcoa operates aluminium and alumina facilities; the article mentions its Alumar smelter in Brazil and Massena East site in New York.
- Why
- Not stated
This story does not have two clearly opposing sides.
Alcoa reported net income of $407 million.
Alcoa reported net income of $483 million and revenue of $3.7 billion.
Alcoa completed the restart of its Alumar smelter in Brazil.
South32 shareholders had approved the AliGroup deal, and Alcoa said it was on track to complete the acquisition in the first half of 2027.
- Q3 2026 net income
- $483 million
- Q3 2026 revenue
- $3.7 billion
- Adjusted earnings per share
- $1.82
- Free cash flow
- $472 million
- AliGroup acquisition timing
- First half of 2027
- Massena East potential proceeds
- Up to $315 million over seven years