The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of +2.30%. The company delivered an EPS surprise of +11.67%, with the consensus EPS estimate being $0.60. Total Sales- Engine Products End Market Revenue- Aerospace- Commercial : $265 million versus $267.08 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change. Adjusted EBITDA- Forged Wheels : $40 million versus $36.64 million estimated by th ...

FORM 10-Q Commission File Number 1-3610 201 Isabella Street, Suite 200, Pittsburgh, Pennsylvania 15212-5872 (Address of principal executive offices) (Zip code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ✓ N ...

Key Takeaways Shares of Howmet Aerospace (HWM) soared Tuesday after the manufacturer of jet engine parts and aluminum wheels for heavy trucks posted better-than-expected sales and profits for the second quarter. The Boeing (BA) supplier also lifted its full-year guidance, citing strong demand trends in commercial aerospace. "The outlook for commercial aerospace continues to be robust, with strong travel demand and an aging aircraft fleet," said Howmet Executive Chairman and CEO John Plant. According to Plan ...

Howmet Aerospace Inc.'s (HWM) second-quarter 2024 adjusted earnings of 67 cents per share beat the Zacks Consensus Estimate of 60 cents. The bottom line surged 52% year over year. The Engine Products segment's revenues totaled $933 million, representing 49.6% of net revenues. On a yearover-year basis, the segment's revenues increased 14%, driven by growth in the commercial aerospace, defense aerospace, industrial gas turbine and oil & gas markets. The Zacks Consensus Estimate for Engine Products revenues wa ...

Howmet Aerospace Inc. (NYSE:HWM) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Paul Luther - Vice President of Investor Relations John Plant - Executive Chairman and Chief Executive Officer Ken Giacobbe - Executive Vice President and Chief Financial Officer Conference Call Participants Douglas Harned - Bernstein Kristine Liwag - Morgan Stanley Seth Seifman - JPMorgan Chase & Co. David Strauss - Barclays Bank PLC Myles Walton - Wolfe Research, LLC Sheila Kahyaoglu - Jefferie ...

16 Effective tax rate, Operational tax Operational tax Special items(1)(2) Reconciliation of Operational Tax Rate Revenue / Profit Q2 2024 ▪ Adj EBITDA1 of $483M, up 31% YoY ▪ Adj EBITDA Margin1 of 25.7%, up ~340 bps YoY Cash Generation / Deployment Q2 2024 Guidance Expectations ▪ Revenue of ~$1.88B, up 14% YoY, driven by Commercial Aerospace up 27% ▪ Record Q2 Free Cash Flow3 of $342M ▪ Repurchased $60M of Common Stock in Q2; $210M at ~$71 Avg Price per Share YTD ($ in millions) $20M $30M $33M Q2 2023 Q3 2 ...

Howmet is a relatively new public company with a long history. The company is a manufacturer of components for aircraft and jet engines as well as aluminum wheels for heavy trucks. It was forged together by Alcoa 20 years ago, only to be spun out first as part of Arconic and then as Howmet. Investors are buying in, sending shares of Howmet up 14% as of 10:15 a.m. ET. The company earned $0.67 per share on revenue of $1.88 billion in the second quarter, topping Wall Street's $0.60 per share on sales of $1.84 ...

Howmet (HWM) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.67%. A quarter ago, it was expected that this maker of engineered products for the aerospace and other industries would post earnings of $0.52 per share when it actually produced earnings of $0.57, delivering a surprise o ...

Investor Contact Media Contact Paul T. Luther Rob Morrison (412) 553-1950 (412) 553-2666 Paul.Luther@howmet.com Rob.Morrison@howmet.com 2024 Guidance Exhibit 99.1 · Revenue of $1.88 billion, up 14% year over year, driven by commercial aerospace, up 27% · Net income of $266 million versus $193 million in the second quarter 2023; earnings per share of $0.65 versus $0.46 in the second quarter 2023 · Operating income margin of 21.2% · Generated $397 million of cash from operations; $123 million of cash used for ...

Analysts and investors alike will be keeping a close eye on the performance of Howmet in its upcoming earnings disclosure. The company's earnings report is set to go public on July 30, 2024. The company's upcoming EPS is projected at $0.60, signifying a 36.36% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.84 billion, up 11.51% from the year-ago period. Our research suggests that these changes in estimates have a direct r ...