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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.91B | 2.3% |
| Gross Profit | 450M | 86.7% |
| Cost of Revenue | 2.46B | 5.5% |
| Operating expense | 83M | 5.7% |
| Net Income | 90M | 350% |
| EBITDA | 379M | 33% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 14.5B | 1.6% |
| Total Liabilities | 9.29B | 4.5% |
| Total Equity | 5.25B | 34.6% |
| Shares Outstanding | 232M | 28.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 143M | 50.2% |
| Cash from investing | -153M | 6.7% |
| Cash from financing | -84M | 12% |
EPS
Financial Highlights for Alcoa in Q3 '24
Alcoa reported a revenue of 2.91B, which is a 2.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 450M, marking a 86.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.46B, a -5.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 83M, showing a -5.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 90M, showing a 350% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 379M, showing a 33% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Alcoa with growth in revenue, gross profit, and net income.
