Howmet Aerospace Reports Third Quarter 2024 Results
Howmet Aerospace Inc. (HWM)
Company Research
Source: Business Wire
Revenue Up 11% Year Over Year; Strong Profit and Cash from Operations$282 Million Debt Reduction; $100 Million Deployed for Common Stock Repurchases2025 Preliminary Revenue Guidance: Up Approximately 7.5% Year over Year PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace (NYSE:HWM):Third Quarter 2024 GAAP Financial ResultsRevenue of $1.84 billion, up 11% year over year, driven by commercial aerospace, up 17%, partially offset by commercial transportation, down 12%Net income of $332 million versus $188 million in the third quarter 2023; earnings per share of $0.81 versus $0.45 in the third quarter 2023Operating income margin of 22.9%Generated $244 million of cash from operations; $441 million of cash used for financing activities; and $80 million of cash used for investing activitiesShare repurchases of $100 million; $0.08 per share dividend on common stockThird Quarter 2024 Adjusted Financial ResultsAdjusted EBITDA excluding special items of $487 million, up 27% year over yearAdjusted EB
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