NYSE$AA

Alcoa · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Alcoa reported Q1 2025 sales of $3.37B with net income attributable to Alcoa of $548M and diluted EPS of $2.07.

Sales were $3.37 billion for the quarter ended March 31, 2025, up sharply on higher alumina and aluminum pricing. Net income attributable to Alcoa was $548 million ($2.07 diluted EPS) versus a loss a year ago. Smelting curtailments, energy costs, and alumina shipments guide segment outlook.

  • Q1 sales $3.37B (+29% YoY).
  • Net income to Alcoa $548M; diluted EPS $2.07.
  • Higher metal prices drove year-over-year improvement.
  • Operational stability and alumina supply affect 2025 production.

Headline financials

Total Revenue

$3.37B

Previous: $2.6B+29.6%
EPS (adj)

$2.07

Previous: -$1.41+246.8%
Bauxite Production (mdmt)

9.5M

Previous: 10.1M-5.9%
Alumina Production (kmt)

2.4M

Previous: 2.7M-11.8%
Aluminum Production (kmt)

564.0K

Previous: 542.0K+4.1%
Capital Expenditures

-$93M

Previous: -$101M+7.9%
Net Income

$548M

Previous: -$252M+317.5%
Operating Income

$668M

Previous: -$2.46B+127.1%
Gross Profit

$783M

Previous: -$2.4B+132.6%
R&D Expense

$12M

Previous: $11M+9.1%

Revenue & EPS history

Alcoa · Revenue · Quarterly

$3.37B

Q1 2025+29.6%vs Q1 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Alcoa · $2.77B total across 2 segments · Q3 2023

  • Aluminum Sales
    $1.65B-16.6%
  • Alumina Sales
    $1.12B+34.4%

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.6%

Avg return

Earnings day

-2.9%

Avg return

5 days after

+0.4%

Avg return

30 days after

42%

22 / 53 earnings

Positive

+15.7%

Q3 2021

Best reaction

-16.6%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%-2.7%-11.2%
Q4 2025-3.1%-5.0%-4.2%
Q3 2025+13.9%+10.3%+1.9%
Q2 2025-0.2%-6.4%+6.1%
Q1 2025-7.0%-3.0%+17.3%
Q4 2024-3.7%-11.9%-11.3%
Q3 2024-2.3%+0.5%+6.6%
Q2 2024-7.8%-10.7%-16.9%
Q1 2024-1.7%+0.7%+14.2%
Q4 2023-4.0%-0.9%-1.7%
Q3 2023-12.7%-15.7%-5.6%
Q2 2023-6.7%-3.7%-17.3%
Q1 2023-4.6%-9.8%-14.4%
Q4 2022-9.7%-5.7%-14.5%
Q3 2022-2.0%-1.4%+19.1%
Q2 2022+0.6%+4.2%+13.6%
Q1 2022-16.6%-22.2%-30.0%
Q4 2021+2.0%-3.4%+30.2%
Q3 2021+15.7%+10.9%+7.3%
Q2 2021-6.2%-0.5%+28.8%
Q1 2021+6.7%-1.2%+18.9%
Q4 2020-13.3%-16.2%+0.2%
Q3 2020-3.3%-0.7%+30.3%
Q2 2020+7.0%+0.9%+16.1%
Q1 2020-0.4%+0.7%+12.2%
Q4 2019-12.7%-13.2%-23.1%
Q3 2019+4.3%+5.2%+7.3%
Q2 2019+0.4%-1.5%-24.9%
Q1 2019-3.8%+1.5%-11.6%
Q4 2018+2.4%+1.3%-2.2%
Q3 2018+7.4%+9.0%-0.7%
Q2 2018-13.5%-13.9%-12.5%
Q1 2018+5.5%-9.1%-10.9%
Q4 2017-5.8%-5.9%-15.8%
Q3 2017-2.6%+0.3%-9.1%
Q2 2017+0.8%+0.7%+3.7%
Q1 2017+15.1%+6.4%+5.7%
Q4 2016+0.7%+1.0%-5.4%
Q3 2016-14.0%-16.1%+15.3%
Q2 2016+8.8%+11.2%+5.2%
Q1 2016+1.2%
Q4 2015-9.8%
Q3 2015-6.2%
Q2 2015-4.3%
Q1 2015-1.7%
Q4 2014-1.9%
Q3 2014-3.5%
Q2 2014+6.5%
Q1 2014+4.2%
Q4 2013-6.7%
Q3 2013+1.6%
Q2 2013+1.3%
Q1 2013+1.8%

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