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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 6 sources · 9 days · First seen · Last updated

Global petrochemical and aluminum quarterly earnings

Overview

Major industrial producers reported strong third-quarter financial results. Alcoa, an American aluminum producer, saw its profit double year-on-year to $483 million, with revenue increasing by 24 percent to $3.7 billion. The company maintained its full-year production and delivery outlook.

In the petrochemical sector, Mexico’s Alpek reported a significant turnaround, posting a net income of approximately 259.8 million euros. The company’s EBITDA doubled year-over-year, reaching 723.5 million euros, which management attributed to favorable market conditions and disciplined execution. Consequently, Alpek raised its 2026 comparable EBITDA outlook to $990 million.

Entities

Alpek · Jorge Young · Alcoa

Timeline

  1. [BUSINESS] 2 sources
    Alpek reports third-quarter profit and raises 2026 outlook

    Alpek reported a third-quarter net profit of 259.8 million euros and raised its 2026 comparable EBITDA outlook to $990 million following strong revenue growth.

  2. [BUSINESS] 4 sources
    Alcoa reports increased third-quarter profit and revenue

    Alcoa reported a doubling of third-quarter profits to $483 million and a 24 percent increase in revenue, exceeding analyst expectations for earnings per share.

Sources

cashcow.nl · finanzen.net · fool.com.au · seekingalpha.com · tokenpost.com · uruguayaldia.com.uy