Howmet Aerospace Reports First Quarter 2024 Results
Howmet Aerospace Inc. (HWM)
Company Research
Source: Business Wire
Record Quarterly Revenue, Up 14% Year Over Year; Strong Profit and Cash from Operations$150 Million Deployed for Common Stock RepurchasesFull Year 2024 Guidance Increased PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace (NYSE:HWM):First Quarter 2024 GAAP Financial ResultsRevenue of $1.82 billion, up 14% year over year, driven by commercial aerospace, up 23%Net income of $243 million versus $148 million in the first quarter 2023; earnings per share of $0.59 versus $0.35 in the first quarter 2023Operating income margin of 20.2%Generated $177 million of cash from operations; $178 million of cash used for financing activities; and $75 million of cash used for investing activitiesShare repurchases of $150 million; $0.05 per share dividend on common stockFirst Quarter 2024 Adjusted Financial ResultsAdjusted EBITDA excluding special items of $437 million, up 21% year over yearAdjusted EBITDA margin excluding special items of 24.0%Adjusted earnings per share excluding special items of $0.57,
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HWM
News
- Howmet Aerospace to Participate in Bernstein’s 40th Annual Strategic Decisions ConferenceBusiness Wire
- How to Find Strong Buy Construction Stocks Using the Zacks Rank [Yahoo! Finance]Yahoo! Finance
- Howmet (HWM) is a Great Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Will Howmet (HWM) Gain on Rising Earnings Estimates? [Yahoo! Finance]Yahoo! Finance
- Howmet Aerospace to Host Virtual Webcast of Annual Meeting of ShareholdersBusiness Wire
HWM
Earnings
- 5/2/24 - Beat
HWM
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- HWM's page on the SEC website