Revenue and Growth - FY 2024 revenue reached $7.4 billion, up 12% year over year, driven by a 20% increase in the commercial aerospace market[13] - Q4 2024 revenue was $1.9 billion, a 9% increase year over year, primarily due to a 13% growth in the commercial aerospace sector[7] - FY 2025 revenue growth guidance has been raised to approximately 8% year over year[17] - Sales for 2024 increased to $7,430 million, up 11.9% from $6,640 million in 2023[47] - Q4 2023 sales reached $1,731 million, with a projected increase to $1,891 million in Q4 2024, representing a growth of 9.7%[69] - The company anticipates a total sales increase from $6,640 million in 2023 to $7,430 million in 2024, reflecting a growth of 11.9%[69] Net Income and Earnings - Net income for FY 2024 was $1.2 billion, or $2.81 per share, compared to $765 million, or $1.83 per share, in FY 2023[14] - Net income rose to $1,155 million in 2024, a 51.0% increase compared to $765 million in 2023[47] - Basic earnings per share (EPS) increased to $2.83 in 2024, up 53.0% from $1.85 in 2023[47] - Net income for Q4 2024 is expected to reach $314 million, with a total of $1,155 million for the year[56] - Total net income excluding special items for the year ended December 31, 2023, was $766 million, with a diluted EPS of $1.84[60] Cash Flow and Capital Management - Free cash flow for FY 2024 was $977 million, representing an 88% conversion of net income[17] - The company repurchased $190 million of common stock in Q4 2024, totaling $500 million for the full year 2024, retiring approximately 5.8 million shares[28] - The company repurchased $500 million of common stock in 2024, up from $250 million in 2023[51] - Free cash flow for Q4 2024 is projected to be $378 million, contributing to a total of $977 million for the year[56] - Free cash flow conversion as a percentage of net income for 2024 is projected at 85%[56] Segment Performance - Engine Products segment revenue for FY 2024 was $3.7 billion, up 14% year over year, with an adjusted EBITDA margin of 30.8%[20] - Fastening Systems segment revenue for FY 2024 was $1.6 billion, up 17% year over year, with an adjusted EBITDA margin of 25.8%[22] - Forged Wheels reported Q4 2024 revenue of $243 million, a 12% decrease year over year due to lower volumes in the commercial transportation market[25] - Full year 2024 revenue was $1.1 billion, down 8% year over year, attributed to lower volumes and inflationary cost pressures[27] - Total Segment Adjusted EBITDA for 2023 was $1,587 million, with a projected increase to $2,009 million in 2024[54] Expenses and Investments - Adjusted EBITDA for FY 2024 was $1.9 billion, up 27% year over year, with an adjusted EBITDA margin of 25.8%[16] - Capital expenditures for 2024 were $321 million, compared to $219 million in 2023, indicating a 46.5% increase[51] - Research and development expenses slightly decreased to $33 million in 2024 from $36 million in 2023[47] Debt and Financial Obligations - In 2024, the company reduced gross debt by $365 million, resulting in annualized interest expense savings of approximately $37 million[32] - Long-term debt decreased to $3,309 million in 2024 from $3,500 million in 2023, a reduction of 5.5%[50] Dividends and Shareholder Returns - The quarterly dividend was increased by 25% to $0.10 per share starting Q1 2025[12] - The quarterly common stock dividend was increased by 25% to $0.10 per share for Q1 2025, following a dividend of $0.08 per share in Q4 2024[33] Future Outlook and Guidance - Q1 2025 guidance for revenue ranges from $1.925 billion to $1.945 billion, with Adjusted EBITDA guidance between $515 million and $525 million[35] - The company plans to hold its quarterly conference call on February 13, 2025, to discuss financial performance and future outlook[36] - The company anticipates continued growth in sales and operating income, driven by market expansion and new product developments[68] Operational Performance - The operating income margin improved from 18.8% in Q4 2023 to 23.5% in Q4 2024[68] - Adjusted operating income margin excluding special items improved from 19.1% in Q4 2023 to 23.0% in Q4 2024[69] - The overall operating income margin is expected to improve from 18.1% in the year ended December 2023 to 22.0% in the year ended December 2024[69] Special Items and Adjustments - Pre-tax special items for YTD 2023 included restructuring charges of $23 million and costs associated with closures of $13 million[66] - The company reported a net benefit of $44 million related to additional U.S. federal and state R&D credits claimed for prior years in YTD 2024[67] - Future periods may still incur additional special items, but management believes it is appropriate to consider both GAAP and non-GAAP measures[69]

Howmet Aerospace Inc. (HWM) is scheduled to release fourth-quarter 2024 earnings on Feb. 13, before market open. The Zacks Consensus Estimate for revenues is pegged at $1.9 billion, indicating growth of 8.4% from the prior-year quarter’s figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The consensus mark for earnings is pinned at 72 cents per share, which has increased a penny in the past 30 days. The figure indicates a jump of 35.9% from the prior-year figure. HWM surpassed e ...

Wall Street analysts forecast that Howmet (HWM) will report quarterly earnings of $0.72 per share in its upcoming release, pointing to a year-over-year increase of 35.9%. It is anticipated that revenues will amount to $1.88 billion, exhibiting an increase of 8.4% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estim ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.I covered Howmet Aerospace Inc. PFD SER A (NYSE: HWM.PR ) in September with a buy rating. Since then, the stock price performance has not been satisfactory with the share price increasing less than 1% compared to the S&P 500 returning nearly 9%. Ev ...

Aerospace components are in high demand, setting up a positive outlook for suppliers including Howmet Aerospace (HWM -0.78%).Howmet shares climbed 15.7% in January, according to data provided by S&P Global Market Intelligence, as a number of analysts spotlighted the company among potential winners in 2025.Strong demand from multiple areasHowmet makes fasteners and other components that go into aircraft, engines, turbines, and other industrial goods, with more than half of its revenue coming from commercial ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Howmet (HWM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Howmet currently has an average brokerage rec ...

Investment Approach - The individual investor employs a diversified investment strategy that includes fundamental investing (e g bottoms-up analysis) technical investing (e g historical charts analysis) and momentum investing (e g share price reaction post earnings) [1] - The investor leverages the positive aspects of each approach to refine their investment process [1] Purpose of Writing - The investor uses SeekingAlpha as a platform to track the performance of their investment ideas and to connect with like-minded investors who share similar investment interests [1] Disclosure - The investor has no stock option or similar derivative positions in any of the companies mentioned and no plans to initiate any such positions within the next 72 hours [2] - The article expresses the investor's own opinions and they are not receiving compensation for it other than from Seeking Alpha [2] - The investor has no business relationship with any company whose stock is mentioned in the article [2] Seeking Alpha's Disclaimer - Seeking Alpha emphasizes that past performance is no guarantee of future results and no recommendation or advice is given regarding the suitability of any investment for a particular investor [3] - The views or opinions expressed in the article may not reflect those of Seeking Alpha as a whole [3] - Seeking Alpha is not a licensed securities dealer broker or US investment adviser or investment bank [3] - The analysts are third-party authors including both professional and individual investors who may not be licensed or certified by any institute or regulatory body [3]

Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alberta, Canada, Robert has earned Bachelor of Arts and Master of Business Administration (MBA) degrees.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the co ...

The strongest driver of Howmet Aerospace Inc.’s (HWM) business at the moment is the commercial aerospace market. The strength in air travel continues, with wide-body aircraft demand picking up, supporting continued OEM spending. Increased usage of aircraft has been driving demand for parts and products that the company provides, which has been again driving its sales. Revenues from the commercial aerospace market increased 17% year over year in the third quarter of 2024, constituting more than 50% of its bu ...

In the latest trading session, Howmet (HWM) closed at $114.75, marking a +1.87% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.86%, while the tech-heavy Nasdaq depreciated by 0.38%.The maker of engineered products for the aerospace and other industries's shares have seen a decrease of 0.7% over the last month, surpassing the Aerospace sector's loss of 3.17% and the S&P 500's loss of 2.2%.Investors will be eagerly ...