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
Show less
Read more
Impact Snapshot
Event Time:
HWM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HWM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HWM alerts
High impacting Howmet Aerospace Inc. news events
Weekly update
A roundup of the hottest topics
HWM
News
- Howmet Aerospace Board Approves Preferred Stock DividendsBusiness Wire
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Bank of America Co. from $100.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Wells Fargo & Company from $113.00 to $129.00. They now have an "overweight" rating on the stock.MarketBeat
- Are Aerospace Stocks Lagging Howmet Aerospace (HWM) This Year? [Yahoo! Finance]Yahoo! Finance
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Barclays PLC from $100.00 to $130.00. They now have an "overweight" rating on the stock.MarketBeat
HWM
Earnings
- 11/6/24 - Beat
HWM
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- HWM's page on the SEC website