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Arconic Reports Sharp Drop in Earnings, Cuts Guidance

Arconic reported a sharp drop in earnings.

Released Tuesday, May 01, 2018

Arconic Reports Sharp Drop in Earnings, Cuts Guidance

Researched by Industrial Info Resources (Sugar Land, Texas)--Aluminum products maker Arconic Incorporated (NYSE: ARNC) (New York, New York) on Monday reported first-quarter 2018 net income of $143 million, down sharply from net income of $322 million in the first quarter of 2017. The company also cut its earnings guidance for the year.

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Click on the image at right for a graph showing projects in North America by Arconic.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
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