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Phoenix Motor Launches Crypto Treasury Management Plan and Expands Payment Options to Include ETH, BNB & SOL
Accessnewswire· 2025-09-23 10:30
Core Insights - Phoenix Motor Inc. is expanding its digital payment options to include Ethereum (ETH), BNB, and Solana (SOL) in addition to Bitcoin [1] - The company is implementing a comprehensive crypto treasury management plan to securely manage and optimize its digital asset holdings [1]
HWM's Weakness in Transportation Market Prevails: What's the Road Ahead?
ZACKS· 2025-09-17 16:15
Core Insights - Howmet Aerospace Inc. (HWM) is experiencing challenges in its commercial transportation market, with a 9% year-over-year revenue decline in the first half of 2025, primarily due to weaker OEM builds in the Forged Wheels segment [1][8] - Rising raw material costs, especially aluminum, and stringent emissions regulations are impacting the segment, alongside reduced commercial truck production due to economic uncertainties in North America [2] - Supply-chain volatility continues to affect Howmet Aerospace, leading to delays and increased costs, which are expected to persist [3] Market Performance - Despite difficulties in the commercial transportation sector, Howmet Aerospace is benefiting from strong demand in the commercial and defense aerospace markets, particularly for F-35 engine spares and aerospace fastening systems [4][8] - In comparison, peers like Textron Inc. and GE Aerospace are showing positive growth, with Textron reporting a 5.4% sales increase and GE Aerospace's revenues from Commercial Engines & Services rising by 30% year-over-year in Q2 2025 [5][6] Financial Metrics - Howmet Aerospace's stock has surged 98% over the past year, significantly outperforming the industry average growth of 14% [7] - The company is currently trading at a forward price-to-earnings ratio of 45.96X, which is above the industry average of 28.16X, indicating a relatively high valuation [10] - The Zacks Consensus Estimate for HWM's earnings has been increasing over the past 60 days, with current estimates for the current year at $3.57 and next year at $4.28 [11][12]
Howmet Faces Softness in Commercial Transportation Market: Recovery Ahead?
ZACKS· 2025-08-28 15:21
Group 1: Company Performance - Howmet Aerospace Inc. (HWM) is experiencing ongoing weakness in its commercial transportation market, with revenues declining 4% year-over-year in Q2 2025, following a 14% drop in Q1 2025 [1][7] - The decline in revenue is attributed to softer OEM builds, particularly in the Forged Wheels segment, and lower commercial truck builds due to tariff-related and economic uncertainties in North America [1][7] - The company's cost of goods sold (COGS) increased by 7.3% in 2024 and 3% in the first half of 2025, driven by rising aluminum prices and supply-chain volatility [2][7] Group 2: Market Dynamics - Despite challenges in the commercial transportation sector, solid momentum in the commercial and defense aerospace markets is supporting HWM's performance, with robust orders for engine spares for the F-35 program and aerospace fastening systems [3] - Supply-chain volatility and tariff-related headwinds are expected to continue impacting HWM's delivery of finished products and operational costs [2] Group 3: Competitive Landscape - HWM's peer, Kennametal Inc. (KMT), is also facing softness in its Metal Cutting segment, with organic revenues decreasing 4% year-over-year in Q4 of fiscal 2025 due to reduced demand in the transportation end market [4] - GE Aerospace is experiencing strong demand for its engines and services, supported by increasing air traffic and fleet renewal activities, indicating a contrasting performance in the aerospace sector [5] Group 4: Valuation and Estimates - HWM's shares have surged 34% over the past six months, outperforming the industry's growth of 20.5% [6] - The company is currently trading at a forward price-to-earnings ratio of 43.51X, which is above the industry average of 28.19X, and carries a Value Score of D [9] - The Zacks Consensus Estimate for HWM's earnings has been on the rise over the past 60 days, indicating positive sentiment among analysts [10]
Howmet Aerospace Board Approves Common and Preferred Stock Dividends
Prnewswire· 2025-07-29 20:30
Core Points - Howmet Aerospace Inc. declared a dividend of 12 cents per share on its Common Stock, payable on August 25, 2025, to shareholders of record as of August 8, 2025 [1] - The company also declared a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock, payable on October 1, 2025, to shareholders of record as of September 12, 2025 [1] Company Overview - Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace and transportation industries, headquartered in Pittsburgh, Pennsylvania [2] - The company's primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components, which are essential for mission-critical performance and efficiency in aerospace and defense applications [2] - Howmet Aerospace also produces forged aluminum wheels for commercial transportation and holds approximately 1,170 granted and pending patents, enabling lighter and more fuel-efficient aircraft and commercial trucks with a lower carbon footprint [2]
Howmet Aerospace to Host Webcast and Announce Second Quarter 2025 Results
Prnewswire· 2025-07-10 12:00
Core Viewpoint - Howmet Aerospace Inc. will announce its second quarter 2025 financial results on July 31, 2025, with a conference call scheduled for the same day at 11:00 AM ET [1][2]. Group 1: Financial Results Announcement - The financial results will be released on July 31, 2025, at approximately 7:00 AM ET [1]. - A conference call will be hosted by John Plant, Executive Chairman and CEO, and Ken Giacobbe, Executive Vice President and CFO [2]. - Participants can pre-register for the conference call and access the webcast through the company's website [2]. Group 2: Replay Information - A replay of the conference call will be available on the company's website and via telephone from two hours after the live call until August 14, 2025, at 11:59 PM ET [3]. - The replay can be accessed using specific toll-free numbers and a replay access code [3]. Group 3: Company Overview - Howmet Aerospace is a leading global provider of advanced engineered solutions for the aerospace and transportation industries, focusing on jet engine components and aerospace fastening systems [4]. - The company holds approximately 1,170 granted and pending patents, enabling the development of lighter, more fuel-efficient aircraft and commercial trucks [4]. - Howmet Aerospace aims to reduce the carbon footprint of its products, contributing to mission-critical performance and efficiency in aerospace and defense applications [4].
Howmet Aerospace to Present at Bernstein's 41st Annual Strategic Decisions Conference (SDC)
Prnewswire· 2025-05-16 12:00
Core Viewpoint - Howmet Aerospace Inc. will participate in Bernstein's 41st Annual Strategic Decisions Conference on May 30, 2025, where CEO John C. Plant will present [1] Group 1: Company Overview - Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace and transportation industries [2] - The company's primary businesses include jet engine components, aerospace fastening systems, and airframe structural components [2] - Howmet Aerospace holds approximately 1,170 granted patents, focusing on technologies that enable lighter, more fuel-efficient aircraft and commercial trucks [2] Group 2: Future Announcements - Howmet Aerospace plans to disseminate future announcements regarding company developments and financial performance through its website [3]
Howmet Aerospace to Host Virtual Webcast of Annual Meeting of Shareholders
Prnewswire· 2025-05-14 12:00
Company Information - Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace and transportation industries [3] - The company's primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components [3] - Howmet Aerospace has approximately 1,170 granted and pending patents, enabling lighter and more fuel-efficient aircraft and commercial trucks [3] Annual Meeting Details - The 2025 Annual Meeting of Shareholders will be held on May 28, 2025, at 9:00 a.m. Eastern Time in a virtual format [1] - Shareholders of record as of March 31, 2025, are entitled to vote at the Annual Meeting [2] - Online access to the webcast will open shortly before the start of the meeting, and a replay will be available from May 29, 2025, until March 1, 2026 [1][2]