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Howmet Aerospace(HWM) - 2024 Q3 - Quarterly Report
2024-11-06 22:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-3610 HOWMET AEROSPACE INC. (Exact name of registrant as specified in its charter) Delaware 25-0317820 (State of incorporation) (I.R.S. Employer Identification N ...
Howmet Aerospace(HWM) - 2024 Q3 - Earnings Call Transcript
2024-11-06 19:04
Howmet Aerospace Inc. (NYSE:HWM) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Paul Luther - VP, IR Ken Giacobbe - EVP and CFO John Plant - Executive Chairman and CEO Conference Call Participants Sheila Kahyaoglu - Jefferies Robert Stallard - Vertical Research Partners Doug Harned - Bernstein Scott Deuschle - Deutsche Bank David Strauss - Barclays Myles Walton - Wolfe Research Seth Seifman - JPMorgan Ronald Epstein - Bank of America Gautam Khanna - TD Cowen Operator Good ...
Howmet's Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
ZACKS· 2024-11-06 18:25
Howmet Aerospace Inc.’s (HWM) third-quarter 2024 adjusted earnings of 71 cents per share beat the Zacks Consensus Estimate of 65 cents. The bottom line surged 9.2% year over year.Total revenues of $1.84 billion missed the consensus estimate of $1.85 billion. The top line increased 10.7% from the year-ago quarter. The increase was backed by strength in the company’s commercial aerospace market.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Howmet’s Segmental DetailsThe Engine Produc ...
Howmet (HWM) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-06 15:35
Howmet (HWM) reported $1.84 billion in revenue for the quarter ended September 2024, representing a yearover-year increase of 10.7%. EPS of $0.71 for the same period compares to $0.46 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.85 billion, representing a surprise of -1.03%. The company delivered an EPS surprise of +9.23%, with the consensus EPS estimate being $0.65. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...
Howmet Aerospace(HWM) - 2024 Q3 - Earnings Call Presentation
2024-11-06 14:34
Third Quarter 2024 Earnings Call John Plant: Executive Chairman and Chief Executive Officer Ken Giacobbe: EVP and Chief Financial Officer November 6, 2024 Important Information Forward–Looking Statements This presentation contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as "anticipates," "believes," "coul ...
Howmet (HWM) Surpasses Q3 Earnings Estimates
ZACKS· 2024-11-06 14:10
Howmet (HWM) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.23%. A quarter ago, it was expected that this maker of engineered products for the aerospace and other industries would post earnings of $0.60 per share when it actually produced earnings of $0.67, delivering a surprise of ...
Howmet Aerospace(HWM) - 2024 Q3 - Quarterly Results
2024-11-06 12:07
Exhibit 99.1 FOR IMMEDIATE RELEASE Investor Contact Media Contact Paul T. Luther Rob Morrison (412) 553-1950 (412) 553-2666 Paul.Luther@howmet.com Rob.Morrison@howmet.com Howmet Aerospace Reports Third Quarter 2024 Results Revenue Up 11% Year Over Year; Strong Profit and Cash from Operations $282 Million Debt Reduction; $100 Million Deployed for Common Stock Repurchases 2025 Preliminary Revenue Guidance: Up Approximately 7.5% Year over Year Third Quarter 2024 GAAP Financial Results · Revenue of $1.84 billio ...
Howmet Aerospace Set to Report Q3 Earnings: Is a Beat in Store?
ZACKS· 2024-11-04 16:01
Howmet Aerospace Inc. (HWM) is scheduled to release third-quarter 2024 earnings on Nov. 6, before market open.The Zacks Consensus Estimate for third-quarter earnings has remained steady in the past 60 days. HWM has an impressive earnings surprise history. Its earnings beat the consensus estimate in each of the preceding four quarters, delivering an average surprise of 10.9%.Let’s see how things have shaped up for Howmet Aerospace before the announcement.Stay up-to-date with all quarterly releases: See Zacks ...
Gear Up for Howmet (HWM) Q3 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2024-11-01 14:20
In its upcoming report, Howmet (HWM) is predicted by Wall Street analysts to post quarterly earnings of $0.65 per share, reflecting an increase of 41.3% compared to the same period last year. Revenues are forecasted to be $1.85 billion, representing a year-over-year increase of 11.8%.The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial est ...
Howmet (HWM) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-10-30 23:01
In the latest market close, Howmet (HWM) reached $101.14, with a +1.05% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.33%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq lost 0.56%. Shares of the maker of engineered products for the aerospace and other industries witnessed a loss of 0.82% over the previous month, beating the performance of the Aerospace sector with its loss of 6.93% and underperforming the S&P 500's gain of 1.83%. Investors will be eager ...