Howmet's Q3 Earnings Surpass Estimates, Revenues Increase Y/Y [Yahoo! Finance]
Howmet Aerospace Inc. (HWM)
Company Research
Source: Yahoo! Finance
Total revenues of $1.84 billion missed the consensus estimate of $1.85 billion. The top line increased 10.7% from the year-ago quarter. The increase was backed by strength in the company's commercial aerospace market. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar The Engine Products segment's revenues totaled $945 million, representing 51.5% of net revenues. On a year-over-year basis, the segment's revenues increased 18%, driven by growth in the commercial aerospace, defense aerospace, industrial gas turbine and oil & gas markets. The Zacks Consensus Estimate for Engine Products' revenues was pegged at $945 million. The Fastening Systems segment generated revenues of $392 million, accounting for 21.4% of net revenues. Revenues increased 13% year over year, driven by growth in the commercial aerospace market, including wide body aircraft recovery. The consensus estimate for Fastening Systems' revenues was pegged at $386 million. The Engineered Struct
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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