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Arconic Corp (ARNC) CEO Timothy Myers on Q2 2022 Results - Earnings Call Transcript

Aug. 02, 2022 1:24 PM ETArconic Corporation (ARNC)
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Arconic Corp (NYSE:ARNC) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET

Company Participants

Shane Rourke - Director, IR

Timothy Myers - CEO & Director

Erick Asmussen - EVP & CFO

Conference Call Participants

Timna Tanners - Wolfe Research

Joshua Sullivan - The Benchmark Company

Corinne Blanchard - Deutsche Bank

Emily Chieng - Goldman Sachs Group


Good day, and welcome to the Arconic Corporation Second Quarter 2022 Earnings Conference Call. [Operator Instructions].̱ Please note today's event is being recorded.

I would now like to turn the conference over to Shane Rourke, Director of Investor Relations. Please go ahead, sir.

Shane Rourke

Thank you, Rocco. Good morning, and welcome to the Arconic Corporation Second Quarter 2022 Earnings Conference Call. I'm joined today by Tim Myers, Chief Executive Officer; and Erick Asmussen, Executive Vice President and Chief Financial Officer. After comments by Tim and Erick, we will have a question-and-answer session.

For those of you who would like to follow along with the presentation, the slides are posted under the Investors tab on our website. I would like to remind you that today's discussion will contain forward-looking statements relating to future events and expectations. You can find factors that may cause the company's actual results to differ materially from the projections presented in today's presentation in earnings press release in our most recent SEC filings.

In addition, we've included some non-GAAP financial measures in our discussion. Reconciliations to the most directly comparable GAAP financial measures can be found in today's earnings press release and in the appendix in today's presentation.

With that, I'd like to turn the call over to Tim.

Timothy Myers

Thank you, Shane, and good morning, everyone. I'll start on Slide 4 with some key highlights for the quarter. In the second quarter, we grew adjusted EBITDA by 9% over last year, which would

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