Arconic reports fourth-quarter 2019 results
WEATHERSFIELD — Arconic, which has a plant in Weathersfield, reported revenue of $14.2 billion for 2019, up 1 percent compared to 2018, according to its latest earnings report.
Net income for the year was $470 million, or $1.03 per share, compared to $642 million, or $1.30 per share, for last year.
For the fourth quarter ending in December, the company reported revenue of $3.4 billion, down 2 percent compared to the same quarter in 2018. Net income was $309 million, or 70 cents per share, compared to $218 million, or 44 cents a share, in fourth quarter 2018.
Arconic makes aluminum, titanium or nickel parts for planes, cars and electronics.