Alcoa(AA) 智通财经·2024-01-17 23:39Core Viewpoint - American Aluminum (AA.US) reported its Q4 and full-year financial results for 2023, showing a decline in revenue and an increase in net losses compared to the previous year [1] Financial Performance Summary - Q4 revenue was 2.663 billion year-over-year, meeting market expectations [1] - The company reported a net loss of 39,500 in the same period last year [1] - Adjusted EBITDA for Q4 was 29 million year-over-year but below analyst expectations of 10.551 billion, a 15% decrease from the previous year, with a net loss of 12,300 in the prior year [1] Production and Shipment Insights - Q4 alumina production decreased by 1% quarter-over-quarter to 2.79 million tons, while aluminum production increased by 2% from Q3 to 541,000 tons, a 4.8% year-over-year increase [1] - Third-party alumina shipments fell by 5% quarter-over-quarter due to reduced trading volumes, while aluminum shipments grew by 1% [1] Future Outlook - For 2024, the company expects alumina production to be between 9.8 million and 10 million tons, with alumina shipments projected between 12.7 million and 12.9 million tons [1] - The aluminum segment anticipates production of 2.2 million to 2.3 million tons, an increase from 2023, with shipments expected to remain consistent at 2.5 million to 2.6 million tons [1] - The company forecasts a negative impact of approximately $15 million on Q1 2024 adjusted EBITDA for the alumina segment due to increased maintenance costs and reduced shipments from Australia [1] - The aluminum segment's adjusted EBITDA is expected to be offset by lower product premiums and the absence of certain favorable credits from Q4 2023 [1]