Alcoa Corporation ($AA) reported its fourth quarter and full year 2024 financial results, showing significant improvements. For Q4, revenue reached $3.49 billion, marking a 20% increase sequentially and a 34% rise year-over-year. Net income for the quarter was $202 million, or $0.76 per share, up 124% from the previous quarter. Adjusted net income stood at $276 million, or $1.04 per share, surpassing analyst estimates of $0.97 per share. The company also reported adjusted EBITDA of $677 million, which was above the expected $644.1 million. Full year revenue for 2024 was $11.9 billion, a 13% increase from the previous year, driven by gains in alumina and aluminum pricing and profitability improvements of $645 million. Alcoa's return to profitability in 2024, with a net income of $60 million compared to a $651 million loss in 2023, was attributed to lower raw material and energy costs, higher alumina and aluminum prices, though partially offset by increased restructuring charges. Looking ahead, Alcoa expects its total Alumina segment production for 2025 to be between 9.5 and 9.7 million metric tons.