Howmet Aerospace Reports First Quarter 2024 Results [Yahoo! Finance]
Howmet Aerospace Inc. (HWM)
Company Research
Source: Yahoo! Finance
Full Year 2024 Guidance Increased PITTSBURGH, May 02, 2024 BUSINESS WIRE )--Howmet Aerospace (NYSE:HWM): First Quarter 2024 GAAP Financial Results Revenue 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 2023 Operating 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 activities Share repurchases of $150 million; $0.05 per share dividend on common stock First Quarter 2024 Adjusted Financial Results Adjusted EBITDA excluding special items of $437 million, up 21% year over year Adjusted EBITDA margin excluding special items of 24.0% Adjusted earnings per share excluding special items of $0.57, up 36% year over year Generated $95 million of free cash flow 2024 Guidance Q2 2024 Guid
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News
- Howmet Aerospace to Participate in Bernstein’s 40th Annual Strategic Decisions ConferenceBusiness Wire
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- 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