By Connor Hart

Alcoa is scheduled to report first-quarter results after the market closes on Wednesday. Here is what you need to know.

PROFIT: The aluminum producer is expected to post a profit of $443.5 million, or $1.90 a share, according to analysts surveyed by FactSet. In the same quarter last year, the company logged a net loss of $145 million, or $1.41 a share.

EARNINGS: Stripping out certain one-time items, analysts expect adjusted earnings to come in at $1.67 a share, compared with an adjusted loss of 81 cents a share last year.

SALES: Quarterly revenue is projected to rise to $3.42 billion from $2.6 billion a year earlier, according to analysts.

Shares of Alcoa have lost about one-third of their value in the past three months and were recently trading at $24.94.

WHAT TO WATCH

--Alcoa Chief Executive William Oplinger previously warned that approximately 100,000 U.S. aluminum-industry jobs could be on the chopping block due to new tariffs targeting the metal. Investors will be looking to see how President Trump's new 25% tariff on aluminum imports, which went into effect last month, are affecting industry jobs.

--Outside of jobs, tariffs are expected to impact Alcoa's bottom line. Chief Financial Officer Molly Beerman previously said that a 25% tariff on aluminum would be a net negative for the company, resulting in a loss of tens of millions of dollars. The loss isn't likely to occur in the first quarter--which benefited from a pull forward in demand--but may affect future earnings, she said.

--The Pittsburgh-based company's outlook will likely be hurt by tariffs on Canadian-based exports to the U.S., JPMorgan analysts said in a research note. They also expect the company's joint-venture agreement with Ignis Equity that calls for the planned restart of the San Ciprián smelter in Spain this year will require higher-than-expected initial funding requirement, which could further ding results.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 15, 2025 13:43 ET (17:43 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.