Howmet Aerospace Flies High: Clocks 11% Revenue Growth In Q3 Despite Boeing Strike And European Weakness, Eyes Dividend Hike [Yahoo! Finance]
Howmet Aerospace Inc. (HWM)
Company Research
Source: Yahoo! Finance
Revenue grew 11% year-over-year to $1.84 billion, missing the consensus of $1.852 billion, driven by growth in the commercial aerospace of 17% Y0Y. Revenue by Segments: Engine Products $945 million (+18% YoY); Fastening Systems $392 million (+13% YoY); Engineered Structures $253 million (+11% YoY); and Forged Wheels $245 million (-14% YoY). Adjusted EBITDA excluding special items was $487 million (+27% YoY), and the margin was 26.5%, up from 23% YoY. Operating income increased by 37.1% YoY to $421 million, and the margin expanded by 443 bps to 22.9%. Adjusted EPS stood at $0.71 (+54% YoY), beating the consensus of $0.65. Howmet Aerospace's operating cash flow stood at $244 million, and its free cash flow was $162 million. At the end of the quarter, the company's cash balance was $475 million. Howmet Aerospace repurchased $100 million in shares during the quarter at an average price of $94.22 per share, with an additional $90 million repurchased in October 2024, bringing tot
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News
- Howmet (HWM) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Red Arts Capital Acquires KKSP Precision Machining, LLC and Add-On Hy-Production, Inc. [Yahoo! Finance]Yahoo! Finance
- Why Howmet Aerospace (HWM) Is Among the Best Aerospace and Defense Stocks to Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- Is It Too Late To Consider Buying Howmet Aerospace Inc. (NYSE:HWM)? [Yahoo! Finance]Yahoo! Finance
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Wells Fargo & Company from $129.00 to $132.00. They now have an "overweight" rating on the stock.MarketBeat
HWM
Earnings
- 11/6/24 - Beat
HWM
Sec Filings
- 12/2/24 - Form 4
- 11/12/24 - Form SC
- 11/7/24 - Form 10-Q
- HWM's page on the SEC website