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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 2.84B | 12.1% |
Gross Profit | 241M | 230.1% |
Cost of Revenue | 2.6B | 5.6% |
Operating expense | 88M | 7.3% |
Net Income | 20M | 107.9% |
EBITDA | 291M | 134.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 14.3B | 0.1% |
Total Liabilities | 8.89B | 1.1% |
Total Equity | 3.9B | 2.4% |
Shares Outstanding | 180M | 0.6% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 287M | 228.7% |
Cash from investing | -164M | 40.2% |
Cash from financing | -75M | 109.9% |
EPS
Financial Highlights for Alcoa in Q2 '24
Alcoa reported a revenue of 2.84B, which is a 12.1% 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 241M, marking a 230.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.6B, a 5.6% 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 88M, showing a 7.3% 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 20M, showing a 107.9% 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 291M, showing a 134.7% 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. Higher operating expenses might indicate increased investments or potential inefficiencies.