Howmet (HWM) Reports Q3 Earnings: What Key Metrics Have to Say

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]