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Arconic to release earnings report Friday

HUTCHINSON, Kan. — Aluminum products company Arconic is set to release its quarterly earnings report on Friday.

The Zacks Consensus Estimate for revenues for Arconic for the second quarter stands at $3,642 million, reflecting an expected year-over-year growth of 1.9%.

The embattled company which has endured a power struggle and an abandoned sell-off are still forecast to split into two companies by the first quarter of 2020. The company will split it’s Engineered Products & Forgings and Global Rolled Products in separate directions. Then one of the businesses will be sold off.

Any decision on how that spinoff will affect the Hutchinson Rolled Products Facility and its 75 employees, is still not known.

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