Arconic corp expects q1 revenue of ~$1.6 bln

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