Alcoa Q4 2024 net income rises to $202 million; revenue up 20% from Q3
Alcoa reported fourth quarter and full year 2024 results, with fourth quarter revenue of $3.5 billion and net income attributable to Alcoa of $202 million, both up sharply from the third quarter. Full year net income was $60 million, compared with a net loss of $651 million in 2023, which matters to shareholders because it shows a return to profit. The company also gave 2025 production and first quarter cost outlooks, with alumina output expected to fall and aluminum output expected to rise.
Key points
- Fourth quarter 2024 revenue was $3.5 billion, up 20% sequentially from $2.9 billion in the third quarter; net income was $202 million, or $0.76 per diluted share.
- Full year 2024 revenue rose 13% to $11.9 billion, and net income was $60 million, or $0.26 per share, versus a 2023 net loss of $651 million.
- Full year 2024 Adjusted EBITDA excluding special items was $1.6 billion, and the company paid a quarterly dividend of $0.10 per share.
- For 2025, alumina production is expected at 9.5 to 9.7 million metric tons, down from 2024, while aluminum production is expected at 2.3 to 2.5 million metric tons, up from 2024; first quarter aluminum segment impacts are expected to be unf
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 22, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.