Howmet Aerospace Inc

HWM

Equity

ISIN US4432011082 / Valor 52473598

New York Stock Exchange, Inc (2024-12-24)

USD 112.04+1.36%

Howmet Aerospace Inc
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About company

Howmet Aerospace Inc. is a prominent player in the aerospace and commercial transportation sectors, specializing in the development and manufacturing of advanced engineered solutions. The company's focus lies in leveraging cutting-edge technologies to offer products and services that significantly enhance the performance and efficiency of its clients' operations. Howmet Aerospace's portfolio includes a wide range of high-performance materials and precision engineering capabilities, catering to the specific needs of aircraft and commercial vehicle manufacturers. By delivering innovative solutions that address the complex challenges of modern transportation, Howmet Aerospace plays a crucial role in driving the evolution of these industries. The company's commitment to technological advancement underscores its position as a key contributor to the aerospace and commercial transportation sectors' ongoing transformation.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Growth

In the third quarter of 2024, Howmet Aerospace Inc. reported a revenue of $1.84 billion, marking an 11% increase compared to the same period in 2023. This growth was primarily driven by a 17% rise in the commercial aerospace sector, although it was partially offset by a 12% decline in the commercial transportation market.

Net Income and Earnings

Howmet Aerospace Inc. achieved a net income of $332 million in the third quarter of 2024, a significant increase from $188 million in the third quarter of 2023. Earnings per share also rose to $0.81 from $0.45 in the previous year, reflecting the company's improved financial performance.

Operating Income and Cash Flow

The company reported an operating income of $421 million for the third quarter of 2024, representing a 37% year-over-year increase. Howmet Aerospace Inc. generated $244 million in cash from operations during this period, demonstrating strong cash flow management.

Share Repurchases and Dividends

In the third quarter of 2024, Howmet Aerospace Inc. repurchased $100 million worth of common stock and declared a dividend of $0.08 per share. This reflects the company's commitment to returning value to shareholders through both buybacks and dividends.

2025 Revenue Outlook

Looking ahead, Howmet Aerospace Inc. has provided preliminary guidance for 2025, anticipating a revenue growth of approximately 7.5% year over year. This outlook is supported by robust demand in the commercial aerospace sector, driven by healthy air traffic growth and a substantial order backlog.

Summarized from source with an LLMView Source

Key figures

109%1Y

260%3Y

258%5Y

Performance

33.0%1Y

30.2%3Y

44.3%5Y

Volatility