First-quarter results in brief
Alcoa’s adjusted first-quarter 2021 earnings before interest, taxes, depreciation and amortization (Ebitda), excluding special items, was $521 million, up by 44.32% from the fourth quarter of 2020’s Ebitda of $361 million and up by 62.31% from $321 million in the first quarter of 2020.
Net income was reported at $175 million, compared with a $4 million loss in the fourth quarter of 2020.
First-quarter revenue totaled $2.87 billion, up by 19.98% from $2.39 billion in the fourth quarter of 2020, supported by higher aluminium and alumina prices and increased shipments.
Third-party alumina shipments rose by roughly 7% sequentially, partly because of sustained high production rates.
Third-quarter aluminium shipment volumes rose by 13% sequentially, mainly on...