Alcoa Corporation (NYSE:AA) Q3 2024 Earnings Conference Call October 16, 2024 5:00 PM ET

Company Participants

Louis Langlois - SVP, Treasury & Capital Markets
William Oplinger - President & CEO
Molly Beerman - EVP & CFO

Conference Call Participants

Timna Tanners - Wolfe Research
Christopher LaFemina - Jefferies
Lucas Pipes - B. Riley Securities
William Peterson - JPMorgan
Michael Dudas - Vertical Research
Katja Jancic - BMO Capital Markets
John Tumazos - John Tumazos Very Independent Research
Carlos De Alba - Morgan Stanley
Lachlan Shaw - UBS

Operator

Good afternoon, and welcome to the Alcoa Corporation Third Quarter 2024 Earnings Presentation and Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the conference over to Louis Langlois, Senior Vice President of Treasury and Capital Markets. Please go ahead, sir.

Louis Langlois

Thank you, and good day, everyone. I'm joined today by William Oplinger, Alcoa Corporation's President and Chief Executive Officer; and Molly Beerman, Executive Vice President and Chief Financial Officer. We will take your questions after comments by Bill and Molly.

As a reminder, today's discussion will contain forward-looking statements relating to future events and expectations that are subject to various assumptions and caveats. Factors that may cause the company's actual results to differ materially from these statements are included in today's presentation and in our SEC filings.

In addition, we have included some non-GAAP financial measures in this presentation. For historical non-GAAP financial measures, reconciliations to the most directly comparable GAAP financial measures can be found in the appendix to today's presentation. We have not presented quantitative reconciliations of certain forward-looking non-GAAP financial measures for reasons noted in this slide. Any reference in our discussion today to EBITDA means adjusted EBITDA.

Finally, as previously announced, the earnings press release and slide presentation are available on our website.

Now, I'd like to turn over the call to Bill.

William Oplinger

Thank you, Louis, and welcome everyone to our third quarter 2024 earnings conference call. Alcoa had a strong third quarter. We maintained our fast pace of execution on our strategic priorities, while progressing operational excellence with safety, stability, and continuous improvement. Underlying the strength of our performance are positive market trends in both the near and long-term.

Let's start with safety. First and foremost, we had no fatal or serious injuries in the third quarter. I firmly believe that a strong safety culture supports operational excellence. We've continued our positive trend in both leading and lagging indicators by focusing on the behaviors that drive safety performance.