Shares of Howmet Aerospace Inc. (HWM) have been showing impressive gains of late, trading close to its 52-week high of $115.38. The stock closed at $113.65 (on Friday), 1.5% below the highest point. In the past six months, shares of the advanced engineered solutions provider have surged 41.7%, outpacing the S&P 500’s and sub-industry’s growth of 14.9% and 2.5%, respectively.The company has also outperformed other industry players like L3Harris Technologies, Inc. (LHX) and Leidos Holdings, Inc. (LDOS) , whic ...

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Howmet (HWM) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question. Howmet is one of 46 individual stocks in the Aerospace sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in ...

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 inhouse developed data analytics platform. Howmet Aerospace (NYSE: HWM ) reported its third quarter earnings on the 6 th of November, missing analyst estimates on revenues , but it beat the consensus on EPS. I started covering Howmet Aerospace a year ago and since Dhierin runs the investing ...

The company impressed with both its trailing performance in challenging conditions, and its profitability guidance. Even by the very bullish standards of stock trading on Wednesday, Howmet Aerospace (HWM 12.43%) was an outlier in the best way possible. On news of a massive earnings beat by the aerospace company, investors piled into the stock, sending its share price over 12% higher on the day. That compared extremely favorably to the frothy S&P 500 (^GSPC 2.53%), which booked a relatively generous gain of ...

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 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 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 ...

Core Insights - Howmet (HWM) reported revenue of $1.84 billion for Q3 2024, a year-over-year increase of 10.7% [1] - The EPS for the quarter was $0.71, up from $0.46 a year ago, exceeding the consensus estimate of $0.65 by 9.23% [1] - Revenue fell slightly short of the Zacks Consensus Estimate of $1.85 billion, resulting in a surprise of -1.03% [1] Financial Performance Metrics - Adjusted EBITDA for Engine Products was $307 million, surpassing the average estimate of $291.12 million [3] - Adjusted EBITDA for Forged Wheels was $64 million, slightly below the average estimate of $66.07 million [3] - Adjusted EBITDA for Engineered Structures was $38 million, compared to the average estimate of $39 million [3] - Adjusted EBITDA for Fastening Systems was $102 million, exceeding the average estimate of $98.18 million [3] Stock Performance - Howmet's shares have returned -0.8% over the past month, while the Zacks S&P 500 composite increased by 0.7% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [4]

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) 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 ...