Arconic reports first quarter 2023 results

Pittsburgh--(business wire)--arconic corporation (nyse: arnc) (“arconic” or the “company”) today reported first quarter 2023 results. sales were $1.9 billion, down 12% year over year and up 6% organically due to strength in aerospace, packaging, and ground transportation sales partially offset by weak industrial sales. the company reported net income of $25 million, or $0.24 per share, compared with $42 million, or $0.39 per share, in first quarter 2022. first quarter 2023 adjusted ebitda was $.
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