Arconic reports second quarter 2023 results

Pittsburgh--(business wire)--arconic corporation (nyse: arnc) (“arconic” or the “company”) today reported second quarter 2023 results. sales were $2.0 billion, down 22% year over year due to lower aluminum prices and the divestiture of russian operations and up 1% organically driven by strength in aerospace and ground transportation offset by declines in industrial, packaging, and building and construction. the company reported net income of $59 million, or $0.58 per share, compared with $114 m.
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