Alcoa Corporation Reports Third Quarter 2017 Results

October 18, 2017

• Net income of $113 million, or $0.60 per share
• Excluding special items, adjusted net income of $135 million, or $0.72 per share
• $561 million of adjusted earnings before interest, tax, depreciation and amortization (EBITDA) excluding special items, up 16 percent sequentially, on improved aluminum pricing and higher aluminum and bauxite shipments
• Revenue of $3.0 billion, up 4 percent sequentially, driven primarily by improved aluminum pricing, higher aluminum shipments and increased energy sales
• $1.1 billion cash balance and $1.4 billion of debt, for net debt of $0.3 billion, as of September 30, 2017
• Company raised its 2017 outlook for adjusted EBITDA excluding special items to approximately $2.4 billion2