Alcoa Corp. reports second quarter revenue

Alcoa, a supplier of aluminum based in the United States, announced that its second-quarter revenue amounted to US$2.833 billion, reflecting a year-on-year increase of 31.9%. The company's net income attributable to Alcoa reached US$309 million, a significant improvement compared to a loss of US$197 million recorded during the same period the previous year.

In the same quarter, Alcoa's adjusted net income was reported at US$281 million, in contrast to a net loss of US$4 million in the second quarter of the prior year. The adjusted earnings per share stood at US$1.49, showing a notable improvement from a loss of US$0.02 in the corresponding period last year. Moreover, the adjusted EBITDA, excluding special items, experienced a substantial increase of 234.1% on a year-on-year basis, reaching US$618 million.

Alcoa anticipates that its sales will remain robust, driven by the ongoing economic recovery and heightened demand for aluminum across all end markets.