Arconic reports first quarter 2021 results and raises outlook

Pittsburgh--(business wire)--arconic corporation (nyse: arnc) (“arconic” or “the company”) today reported first quarter 2021 results. revenue was $1.7 billion, up 15% from the prior quarter primarily because of higher aluminum prices. net income was $52 million, or $0.46 per share, compared with $46 million, or $0.42 per share, in first quarter 2020. first quarter 2021 adjusted ebitda was $179 million and adjusted ebitda margin was 10.7%. adjusted ebitda declined 12% year over year, but increas
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