Private company
Arconic Corp
American Rolling Drawing and Extruding of Nonferrous Metals company1
In its 2023 annual report the company says: “Arconic Corporation is a global leader in manufacturing aluminum sheet, plate, extrusions and architectural products and systems, serving primarily the ground transportation, aerospace, building and construction, industrial, and packaging end markets. We manage our business operations through three reportable segments: Rolled Products, Building and Construction Systems and Extrusions. We are well positioned in attractive end markets, and our long-term contracts with customers enhance the strength and stability of our business and our earnings.”52 It is headquartered in Pittsburgh, Pennsylvania.1
Last updated Oct 21, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Cost of revenue90¢$8.0B
- Research and development0¢$37.0M
- Selling, general and admin3¢$246.0M
- Other costs6¢$531.0M
- Interest1¢$104.0M
- Income tax0¢$11.0M
Out of $9.0B in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2022
- Capital spending57¢$245.0M
- Share buybacks43¢$185.0M
Out of $338.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Revenue | $7.4B4 | $7.3B5 | $5.7B3 | $7.5B3 | $9.0B3 | |
| Cost of revenue | $6.5B4 | $6.3B5 | $4.9B3 | $6.6B3 | $8.0B3 | |
| Research and development | $63.0M4 | $45.0M5 | $36.0M3 | $34.0M3 | $37.0M3 | |
| Selling, general and admin | $288.0M4 | $346.0M5 | $258.0M3 | $247.0M3 | $246.0M3 | |
| Operating income | $396.0M4 | $215.0M5 | $80.0M3 | -$292.0M3 | -$47.0M3 | |
| Interest | $129.0M4 | $115.0M5 | $118.0M3 | $100.0M3 | $104.0M3 | |
| Income before tax | -$459.0M3 | -$192.0M3 | ||||
| Income tax | $76.0M4 | -$62.0M5 | $1.0M3 | -$62.0M3 | -$11.0M3 | |
| Net income | $187.0M4 | $177.0M5 | -$109.0M3 | -$397.0M3 | -$182.0M3 | |
| Earnings per share | $1.724 | $1.635 | -$1.003 | -$3.653 | -$1.753 | |
| Earnings per share (diluted) | $1.724 | $1.635 | -$1.003 | -$3.653 | -$1.753 | |
| Shares (weighted, basic) | 108.7M shares3 | 103.6M shares3 | ||||
| Shares (weighted, diluted) | 108.7M shares3 | 103.6M shares3 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Cash | $126.0M4 | $81.0M5 | $72.0M4 | $787.0M5 | $335.0M3 | $261.0M3 |
| Receivables | $922.0M3 | $791.0M3 | ||||
| Inventory | $1.6B3 | $1.6B3 | ||||
| Current assets | $1.8B4 | $2.6B5 | $3.2B3 | $3.0B3 | ||
| Property, plant and equipment | $2.7B3 | $2.4B3 | ||||
| Goodwill | $322.0M3 | $292.0M3 | ||||
| Intangible assets | $38.0M3 | $27.0M3 | ||||
| Total assets | $5.1B4 | $6.3B5 | $6.6B3 | $6.0B3 | ||
| Current liabilities | $1.3B4 | $1.5B5 | $2.1B3 | $2.0B3 | ||
| Long-term debt | $250.0M4 | $1.3B5 | $1.6B3 | $1.6B3 | ||
| Total liabilities | $2.1B4 | $4.9B5 | $5.0B3 | $4.7B3 | ||
| Retained earnings | -$552.0M3 | -$734.0M3 | ||||
| Shareholders’ equity | $3.3B4 | $3.0B5 | $3.0B4 | $1.4B5 | $1.5B3 | $1.4B3 |
| Shares outstanding | 109.2M shares5 | 105.3M shares3 | 99.4M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Cash from operations | $503.0M4 | $457.0M5 | $6.0M3 | -$407.0M3 | $338.0M3 | |
| Depreciation and amortization | $253.0M3 | $237.0M3 | ||||
| Stock-based compensation | $22.0M3 | $15.0M3 | ||||
| Capital spending | $317.0M4 | $201.0M5 | $163.0M3 | $184.0M3 | $245.0M3 | |
| Free cash flow | $186.0M | $256.0M | -$157.0M | -$591.0M | $93.0M | |
| Cash from investing | -$181.0M3 | -$214.0M3 | ||||
| Share buybacks | $05 | $03 | $161.0M3 | $185.0M3 | ||
| Cash from financing | $135.0M3 | -$196.0M3 |
Corporate structure
Arconic Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Arconic Corp
- ORBIS INVESTMENT MANAGEMENT LTD Filed SC 13G/A on Arconic Corp, latest Feb 14, 2024 (3 filings since Feb 14, 2022)
- State Street Corporation Filed SC 13G/A on Arconic Corp, latest Feb 10, 2023 (2 filings since Feb 10, 2022)
- FMR LLC Filed SC 13G on Arconic Corp, latest Feb 9, 2023
- VANGUARD GROUP INC Filed SC 13G/A on Arconic Corp, latest Feb 9, 2023 (3 filings since Dec 9, 2021)
- BlackRock Filed SC 13G/A on Arconic Corp, latest Jan 26, 2023 (4 filings since Jan 26, 2022)
- Elliott Investment Management L.P. Filed SC 13G/A on Arconic Corp, latest Feb 14, 2022
- Arconic Corp Pittsburgh, Pennsylvania
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Arconic Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $2.4B3 Dec 31, 2022 | $2.7B3 Dec 31, 2021 | −10.9% |
| Operating-lease assets (leased space) | $115.0M3 Dec 31, 2022 | $122.0M3 Dec 31, 2021 | −5.7% |
Real estate and locations
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $261.0M3 Dec 31, 2022 | $335.0M3 Dec 31, 2021 | −22.1% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $292.0M3 Dec 31, 2022 | $322.0M3 Dec 31, 2021 | −9.3% |
| Finite-lived intangibles, gross | $593.0M3 Dec 31, 2022 | $603.0M3 Dec 31, 2021 | −1.7% |
| Accumulated amortization | $566.0M3 Dec 31, 2022 | $565.0M3 Dec 31, 2021 | +0.2% |
| Finite-lived intangibles, net | $27.0M3 Dec 31, 2022 | $38.0M3 Dec 31, 2021 | −28.9% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $1.6B3 Dec 31, 2022 | $1.6B3 Dec 31, 2021 | −0.5% |
| Raw materials | $118.0M3 Dec 31, 2022 | $109.0M3 Dec 31, 2021 | +8.3% |
| Work in process | $1.1B3 Dec 31, 2022 | $1.1B3 Dec 31, 2021 | +0.1% |
| Finished goods | $343.0M3 Dec 31, 2022 | $350.0M3 Dec 31, 2021 | −2.0% |
| Supplies | $55.0M3 Dec 31, 2022 | $66.0M3 Dec 31, 2021 | −16.7% |
Leadership
Who has led Arconic Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerTimothy Donald Myers Apr 21, 2020 to Aug 18, 20238
- PresidentMary Zik May 6, 2021 to May 6, 20219
- PresidentTimothy Donald Myers Feb 13, 2020 to Feb 13, 202010
- Chief financial officerErick R. Asmussen Feb 13, 2020 to Aug 18, 202311
Board members and other officers (18)
- Executive Vice PresidentDiana B. Perreiah Aug 10, 2022 to Aug 18, 202312
- Executive Vice PresidentRobert L. Woodall Aug 10, 2022 to Aug 18, 202313
- ControllerMary Zik Feb 13, 2020 to Aug 18, 202314
- EVPMark J. Vrablec Apr 10, 2020 to Aug 18, 202315
- EVPMelissa M. Miller Apr 10, 2020 to Aug 18, 202316
- Board memberTimothy Donald Myers Feb 13, 2020 to Aug 18, 202310
- Board memberChristopher L. Ayers Mar 20, 2020 to Aug 18, 202317
- Board memberAustin Camporin Apr 1, 2020 to Apr 21, 202018
- Board memberCarol S. Eicher Apr 1, 2020 to Aug 18, 202319
- Board memberFrederick A. Henderson Apr 1, 2020 to Aug 18, 202320
- Board memberJacques M. Croisetiere Apr 1, 2020 to Aug 18, 202321
- Board memberJeffrey Stafeil Apr 1, 2020 to Aug 18, 202322
- Board memberMargaret S. Billson Apr 1, 2020 to Aug 18, 202323
- Board memberWilliam F. Austen Apr 1, 2020 to Aug 18, 202324
- Board memberE. Stanley Oneal Apr 7, 2020 to Aug 18, 202325
- Board memberElmer L. Doty Apr 10, 2020 to Aug 18, 202326
- General counselDaniel G. Fayock Apr 5, 2022 to Aug 18, 202327
- General counselDiana Toman Apr 1, 2020 to May 24, 202128
Former names
- Arconic Rolled Products CorpOct 30, 2019 to Apr 1, 20202
Timeline
- Aug 18, 20238-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale29
- Aug 15, 20238-K Other events30
- Aug 9, 20238-K Other events31
- Jul 31, 20238-K Other events32
- Jul 31, 20238-K Results of operations33
- Jul 25, 20238-K Shareholder vote; Other events34
- Jul 14, 20238-K Other events35
- Jul 13, 20238-K Results of operations36
- May 19, 20238-K Shareholder vote37
- May 4, 20238-K Other events38
- May 4, 20238-K Results of operations39
- May 4, 20238-K Entered a material agreement40
- Apr 21, 2020New chief executive Timothy Donald Myers becomes CEO8
Calendar
When it reported results
- Jul 31, 2023Reported quarterly or annual results33
- Jul 13, 2023Reported quarterly or annual results36
- May 4, 2023Reported quarterly or annual results39
- Feb 21, 2023Reported quarterly or annual results41
- Feb 7, 2023Reported quarterly or annual results42
- Nov 1, 2022Reported quarterly or annual results43
- Aug 2, 2022Reported quarterly or annual results44
- May 3, 2022Reported quarterly or annual results45
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
168 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 31 major events, 85 insider forms, 14 large holders, 30 other. The latest 20:
- Feb 14, 2024SC 13G/A ORBIS INVESTMENT MANAGEMENT LIMITED EDGAR
- Aug 28, 202315-12G EDGAR
- Aug 21, 2023EFFECT EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
- Aug 18, 20234 EDGAR
The 168 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 2 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 21, 2022 | Austen William F.Director | Buy | 10,000 | $19.84 | $198.4K | Form 4 |
| Aug 25, 2022 | Perreiah Diana B.Executive Vice President | Sale | 4,015 | $27.40 | $110.0K | Form 4 |
| Aug 8, 2022 | Miller Melissa MEVP and CHRO | Sale | 31,122 | $28.28 | $880.1K | Form 4 |
| Mar 7, 2022 | Miller Melissa MEVP and CHRO | Buy | 3,800 | $26.00 | $98.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ORBIS INVESTMENT MANAGEMENT LTDSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 202446
- State Street CorporationSC 13G/A, 2 filings Feb 10, 2022 to Feb 10, 202347
- FMR LLCSC 13G, 1 filing Feb 9, 202348
- VANGUARD GROUP INCSC 13G/A, 3 filings Dec 9, 2021 to Feb 9, 202349
- BlackRockSC 13G/A, 4 filings Jan 26, 2022 to Jan 26, 202350
- Elliott Investment Management L.P.SC 13G/A, 1 filing Feb 14, 202251
SEC filer profile
How Arconic Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARArconic Corp1
- CIK0001790982
- Employer ID (EIN)84-27456361
- Filer statusLarge accelerated filer1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)3350 Rolling Drawing & Extruding of Nonferrous Metals1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address201 Isabella Street, Pittsburgh, PA 15212-58721
- Phone(412) 992-25001
- Shares outstanding100,346,464 as of Jul 28, 20237
- Public float$2.9B as of Jun 30, 20223
- On EDGAR sinceOct 30, 20191
- Filings315 in all: 4 (137), 8-K (57), 3 (21), DEFA14A (15), SC 13G/A (13), 10-Q (11), SC 13G (7), 10-K (4)1
All 32 form types
CORRESP (4), S-8 (4), S-8 POS (4), SD (4), UPLOAD (4), 10-12B/A (3), 11-K (3), 4/A (3), DEF 14A (3), 3/A (2), EFFECT (2), SEC STAFF LETTER (2), 10-12B (1), 15-12G (1), 25-NSE (1), ARS (1), CERT (1), DEFM14A (1), DRS (1), NT 10-Q (1), POS AM (1), PREM14A (1), S-1 (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Feb 21, 2023
Quarterly report (10-Q) Jul 31, 2023
Proxy statement (DEF 14A) Apr 5, 2023
Latest 8-K (8-K) Aug 18, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARArconic Corp filings on SEC EDGAR
- 2SEC EDGARArconic Corp filings on SEC EDGAR
- 3SEC EDGARArconic Corp 10-K for fiscal 2022
- 4SEC EDGARArconic Corp 10-K for fiscal 2018
- 5SEC EDGARArconic Corp 10-K for fiscal 2019
- 6SEC EDGARArconic Corp 10-Q for fiscal 2023
- 7SEC EDGARArconic Corp 10-Q for fiscal 2023
- 8
- 9SEC EDGARMary Zik, President
- 10SEC EDGARTimothy Donald Myers, President
- 11
- 12
- 13
- 14SEC EDGARMary Zik, Controller
- 15SEC EDGARMark J. Vrablec, EVP
- 16SEC EDGARMelissa M. Miller, EVP
- 17SEC EDGARChristopher L. Ayers, Board member
- 18SEC EDGARAustin Camporin, Board member
- 19SEC EDGARCarol S. Eicher, Board member
- 20SEC EDGARFrederick A. Henderson, Board member
- 21SEC EDGARJacques M. Croisetiere, Board member
- 22SEC EDGARJeffrey Stafeil, Board member
- 23SEC EDGARMargaret S. Billson, Board member
- 24SEC EDGARWilliam F. Austen, Board member
- 25SEC EDGARE. Stanley Oneal, Board member
- 26SEC EDGARElmer L. Doty, Board member
- 27SEC EDGARDaniel G. Fayock, General counsel
- 28SEC EDGARDiana Toman, General counsel
- 29
- 30SEC EDGAROther events
- 31SEC EDGAROther events
- 32SEC EDGAROther events
- 33SEC EDGARResults of operations
- 34SEC EDGARShareholder vote; Other events
- 35SEC EDGAROther events
- 36SEC EDGARResults of operations
- 37SEC EDGARShareholder vote
- 38SEC EDGAROther events
- 39SEC EDGARResults of operations
- 40SEC EDGAREntered a material agreement
- 41
- 42
- 43
- 44
- 45
- 46
- 47
- 48SEC EDGARFMR LLC SC 13G on Arconic Corp
- 49
- 50SEC EDGARBlackRock SC 13G/A on Arconic Corp
- 51
- 52SEC EDGARArconic Corp filing with the SEC