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Arconic Inc (ARNC.N)

ARNC.N on New York Stock Exchange

30.22USD
19 Jan 2018
Change (% chg)

$-0.13 (-0.43%)
Prev Close
$30.35
Open
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$29.82
Volume
1,254,986
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Latest Key Developments (Source: Significant Developments)

Arconic To Freeze Pension Plans For U.S.-Based Salaried, Non-Bargained Hourly Employees
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Arconic Inc ::ARCONIC TO FREEZE PENSION PLANS FOR U.S.-BASED SALARIED AND NON-BARGAINED HOURLY EMPLOYEES.ARCONIC INC - IN Q1 OF 2018, CO EXPECTS TO RECORD LIABILITY DECREASE OF ABOUT $140 MILLION RELATED TO REDUCTION OF FUTURE BENEFITS.ARCONIC INC - ‍FOR FY 2018, COMPANY EXPECTS PENSION-RELATED EXPENSE TO BE LOWER BY APPROXIMATELY $50 MILLION PRE-TAX COMPARED TO 2017 FULL-YEAR EXPENSES​.ARCONIC INC - ‍RETIREES ALREADY COLLECTING BENEFITS AND FORMER EMPLOYEES WITH VESTED BENEFITS UNDER PENSION PLANS WILL NOT BE IMPACTED BY THE CHANGE​.ARCONIC INC - ‍PROVIDING ADDITIONAL TRANSITION CONTRIBUTION OF 3% OF ELIGIBLE COMPENSATION FOR REMAINING NINE MONTHS OF 2018 FOR AFFECTED EMPLOYEES​.  Full Article

Elliott Says Elliott, Elliott International & Eica Have Combined Economic Exposure In Arconic Of About 12.1 Pct Of Arconic's Shares As Of Dec. 19
Thursday, 21 Dec 2017 

Dec 20 (Reuters) - Arconic Inc ::ELLIOTT SAYS ELLIOTT, ELLIOTT INTERNATIONAL & EICA HAVE COMBINED ECONOMIC EXPOSURE IN ARCONIC OF ABOUT 12.1 PERCENT OF ARCONIC'S SHARES AS OF DEC. 19.ELLIOTT SAYS AS OF CLOSE OF BUSINESS ON MAY 30, ELLIOTT INTERNATIONAL, EICA HAD COMBINED ECONOMIC EXPOSURE OF ABOUT 13.2 PERCENT OF ARCONIC SHARES.  Full Article

Arconic Divests Its Latin America Extrusions Business
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Arconic Inc ::ARCONIC DIVESTS ITS LATIN AMERICA EXTRUSIONS BUSINESS.ARCONIC DIVESTS ITS LATIN AMERICA EXTRUSIONS BUSINESS.ARCONIC INC - ‍UNDER TERMS OF AGREEMENT, ARCONIC WILL RECEIVE APPROXIMATELY $10 MILLION IN CASH FOR LAE BUSINESS​.ARCONIC INC - ‍ BUSINESS IS PART OF COMPANY'S TRANSPORTATION AND CONSTRUCTION SOLUTIONS SEGMENT​.ARCONIC INC - DEAL IS EXPECTED TO CLOSE IN FIRST HALF OF 2018.ARCONIC INC - RESTRUCTURING-RELATED CHARGE PRIMARILY RELATES TO NON-CASH IMPAIRMENT OF NET BOOK VALUE OF BUSINESS.ARCONIC INC - ‍ RESTRUCTURING-RELATED CHARGE IS A SPECIAL ITEM AND WILL NOT IMPACT ADJUSTED EARNINGS PER SHARE IN Q4 OF 2017​.ARCONIC - WILL RECOGNIZE RESTRUCTURING-RELATED CHARGE REPRESENTING LOSS ON SALE OF ABOUT $40 MILLION AFTER-TAX, OR $0.08 PER DILUTED SHARE, IN Q4 2017.ARCONIC - POST REGULATORY, ANTI-TRUST REVIEWS, OWNERSHIP OF LATIN AMERICA EXTRUSIONS WILL BE TRANSFERRED TO A UNIT OF HYDRO EXTRUDED SOLUTIONS AS.  Full Article

Arconic Shareholders Approve Delaware Reincorporation
Friday, 1 Dec 2017 

Nov 30 (Reuters) - Arconic Inc ::ARCONIC SHAREHOLDERS APPROVE DELAWARE REINCORPORATION.ARCONIC - SHAREHOLDERS HAVE APPROVED COMPANY'S REINCORPORATION FROM PENNSYLVANIA TO DELAWARE.ARCONIC - SHAREHOLDERS ALSO APPROVED ANNUAL ELECTION OF FULL ARCONIC BOARD FOLLOWING REINCORPORATION.ARCONIC INC - CURRENTLY EXPECTS REINCORPORATION MERGER TO BE EFFECTIVE ON OR ABOUT DECEMBER 31, 2017.  Full Article

Arconic ‍announces plans to install new horizontal heat treat furnace
Tuesday, 21 Nov 2017 

Nov 20 (Reuters) - Arconic Inc ::Arconic Inc - ‍announced plans to install a new horizontal heat treat furnace at its davenport works facility in Iowa​.Arconic Inc - ‍$137 million investment is supported by economic development financial assistance from Iowa department of economic development & riverdale​.Arconic Inc - ‍construction on project is expected to begin late this year with commercial production expected to start in 2019​.  Full Article

Arconic inc ‍announces multi-year cooperative research agreement with Airbus
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Arconic Inc ::Announced a multi-year cooperative research agreement with Airbus to advance metal 3D printing for aircraft manufacturing​.  Full Article

‍TSI Inc announces distribution agreement with Arconic​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - ‍TSI Inc::‍TSI Incorporated announces a distribution agreement with Arconic Inc​.‍TSI Inc says TSI will resell Arconic's micro certified reference materials in a kit for field standardization of ChemLite LIBS metal analyzers​.  Full Article

‍Elliott Management Corp says strongly supports Charles Blankenship as Arconic's next CEO​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Arconic Inc :‍Elliott Management Corporation - strongly supports Charles Blankenship as Arconic's next CEO, John Plant as next board chair​.  Full Article

Arconic says Q3 earnings per share $0.22
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Arconic Inc -:Arconic reports third quarter 2017 results.Q3 adjusted earnings per share $0.25 excluding items.Q3 earnings per share $0.22.Q3 revenue $3.2 billion versus I/B/E/S view $3.09 billion.Q3 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Arconic Inc- ‍reaffirming full year earnings guidance​.Arconic Inc sees FY 2017 revenue ‍$12.6 billion -$12.8 billion​.Arconic Inc sees FY 2017 capex about $600 mln‍​.FY2017 earnings per share view $1.18, revenue view $12.50 billion -- Thomson Reuters I/B/E/S.Arconic Inc qtrly ‍results were negatively impacted by sharply higher, non-cash lifo charge, resulting from a spike in aluminum prices​.Arconic - ‍on track to deliver improvement of about $100 million year over year in SG&A, with additional run-rate savings expected in 2018​.Arconic Inc - ‍qtrly results included a lifo- and metal lag-related $30 million charge ($46 million pre-tax) and $13 million in special items​.  Full Article

Arconic appoints Charles Blankenship CEO, John Plant named Chair of the Board
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Arconic Inc :Arconic appoints Charles “Chip” Blankenship Chief Executive Officer; John Plant named Chair of the Board.Arconic Inc - ‍Blankenship previously led GE Aviation's Commercial Engines Operation​.Arconic Inc - ‍Plant succeeds Pat Russo, who stepped into role of Chair of Board on an interim basis in April 2017​.Arconic Inc- ‍appointed Charles "Chip" Blankenship as CEO effective January 15, 2018​.  Full Article

Arconic to freeze pension plans for 7,900 U.S. employees

Jan 8 U.S. specialty metals makers Arconic Inc said on Monday it would freeze defined benefit pension plans for all 7,900 of its U.S.-based salaried and non-bargained hourly employees, effective April 1.