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Novelis Reports Fourth Quarter and Full Fiscal Year 2021 Results Strong operational performance and ongoing successful Aleris integration drive record fiscal year News provided by Share this article Q4 and Fiscal Year 2021 Highlights Q4 net income from continuing operations of $180 million, up 186% YoY; Q4 net income from continuing operations excluding special items of $172 million, up 12% YoY Q4 shipments of 983 kilotonnes, up 21% YoY Q4 Adjusted EBITDA of $505 million, up 32% YoY; Q4 Adjusted EBITDA per ton shipped of $514, up 9% YoY Full year free cash flow from continuing operations of $740 million, up 93% YoY Rapid reduction in net leverage ratio to 2.9x, from 3.8x at acquisition close in Q1FY21 ....
Novelis Reports Third Quarter Fiscal 2021 Results Achieved record financials as a result of expanded business post-acquisition and outstanding operational performance to meet robust demand for innovative, sustainable aluminum solutions News provided by Share this article Q3 Fiscal Year 2021 Highlights Net income from continuing operations of $195 million, up 82% YoY; excluding special items, net income of $209 million Shipments of 933 kilotonnes, up 17% YoY Adjusted EBITDA of $501 million, up 46% YoY Adjusted EBITDA per ton of $537, up 25% YoY Focus on deleveraging resulted in net leverage ratio improvement to 3.3x from 3.8x at acquisition close Integration work continues with $54 million run-rate acquisition cost synergies achieved through end of Q3 ....