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
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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