Arconic corporation provides covid-19 update and announces preliminary q1 2020 results

Arconic corporation provides update on covid-19 impact and announces preliminary first quarter 2020 results.seeing positive momentum at chinese facilities that felt full brunt of covid-19 in early 2020 & now back to essentially normal production.our russian packaging facility is running at full operations due to strong end market demand.resumed operations at our new york facility on april 20 & we expect to ramp back up our operations at our tennessee facility this week.expect q1 2020 revenue of approximately $1.6 billion, which is down approximately 12% year-over-year.expects q1 revenue about $1.6 billion.q1 revenue estimate $3.35 billion -- refinitiv ibes data.expect q1 2020 segment operating profit to be approximately $170 million, which is up approximately 26% year-over-year.depreciation and amortization to be approximately $55 million in q1 2020.believe we have adequate liquidity to operate company in spite of ongoing uncertainties.are actively managing operations to effectively flex activity to respond to changing automotive and aerospace market conditions.by our current estimates, we expect these cost savings to improve our financial profile by approximately $200 million.
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