Howmet Aerospace

Howmet Aerospace, Inc. engages in provision of engineered solutions for the aerospace and transportation industries. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines. The Fastening Systems segment is involved in the production of aerospace fastening systems, as well as commercial transportation fasteners. The Engineered Structures segment includes titanium ingots and mill products for aerospace and defense applications and is vertically integrated to produce titanium forgings, extrusions forming and machining services for airframe, wing, aero-engine, and landing gear components. The Forged Wheels segment provides forged aluminum wheels and related products for heavy-duty trucks, trailers, and buses globally. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

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Howmet Aerospace reports robust Q4 performance amidst market challenges

Howmet Aerospace delivered a strong Q4 performance, meeting or exceeding key financial metrics and demonstrating resilience amidst market challenges.
While facing uncertainties related to inflation, supply chain disruptions, and demand patterns, the company remains cautiously optimistic about growth opportunities.
Strategic focus on operational efficiency, liquidity management, and market responsiveness underpins Howmet Aerospace's ability to navigate evolving industry dynamics.
Balancing financial discipline with operational readiness, the company aims to leverage strengths, address challenges, and capitalize on growth opportunities for sustainable performance.

Howmet Aerospace reports robust Q1 growth, eyes pricing opportunities

Howmet Aerospace's Q1 2023 performance showcased strong revenue growth and margin improvement, driven by key segments like Commercial Aerospace and Engine Products. The company's focus on ESG initiatives and shareholder value creation underpins its strategic direction.
While facing challenges in titanium supply and labor negotiations, Howmet Aerospace is poised to capitalize on pricing opportunities in the Engine segment and recovery in spares demand. Projections for 2023 and 2024 signal a positive growth trajectory.
Overall, Howmet Aerospace's Q1 results reflect a resilient performance amidst market dynamics, with a strategic emphasis on sustainable practices and operational efficiency. The company's proactive steps in addressing challenges and leveraging growth opportunities position it for continued success.

Howmet Aerospace excels in Q2, addresses challenges for growth

Howmet Aerospace's Q2 2023 performance reflects strong revenue growth, exceeding earnings expectations.
Challenges in the Structures segment and labor productivity are being addressed for improved operational efficiency.
The company's positive outlook, backed by a strong backlog and market opportunities, sets the stage for continued growth.

Howmet Aerospace surpasses Q3 expectations, eyes growth amid operational challenges

Howmet Aerospace's Q3 performance exceeded expectations, driven by revenue growth, margin expansion, and effective capital allocation strategies, showcasing financial strength and resilience.
While facing challenges in certain segments and operational aspects, the company remains well-positioned to capitalize on market opportunities, enhance operational efficiency, and drive long-term value creation.
Optimism for resolving supply chain issues, sustaining positive pricing trends, and achieving margin stability by 2025 underpin Howmet's strategic focus on growth, profitability, and shareholder value.
Strategic outlook for 2024 includes revenue growth, debt reduction, and margin stability, supported by market opportunities, operational improvements, and prudent capital allocation decisions.

Howmet Aerospace excels in Q4 2023, anticipates revenue growth

Howmet Aerospace delivered robust financial performance in Q4 2023, showcasing revenue and EBITDA growth, record EPS, and strong free cash flow. The company's focus on balanced capital allocation and expectations for revenue growth in 2024 highlight its strategic positioning for the future.

Howmet Aerospace reports stellar Q1 results, eyes growth opportunities

Howmet Aerospace excelled in Q1 2024, showcasing strong financial performance, strategic planning for emissions reduction, and a focus on shareholder value through dividend hikes and capital allocation. While facing challenges in Boeing's production rates and future turbine componentry, the company is well-positioned to leverage growth opportunities in the aerospace market.

Howmet Aerospace excels in Q2, raises guidance and shareholder returns

Howmet Aerospace's Q2 results reflect strong financial performance, highlighted by revenue and earnings growth, debt reduction, and strategic investments in capacity expansion. The company's optimistic outlook, increased dividends, and share buyback authorization signal confidence in its ability to drive growth and enhance shareholder returns.

Howmet Aerospace excels in Q3, eyes aerospace growth opportunities

Howmet Aerospace's Q3 performance reflects strong revenue and earnings growth, driven by diverse aerospace and industrial market segments. Despite revenue challenges, the company's strategic focus on growth opportunities and shareholder value enhancement positions it well for future expansion and profitability.

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Howmet Aerospace, Inc. engages in the development and manufacturing of lightweight metal products. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines. The Fastening Systems segment is involved in producing aerospace fastening systems and commercial transportation fasteners. The Engineered Structures segment includes titanium ingots and mill products for aerospace and defense applications and is vertically integrated to produce titanium forgings, extrusions forming and machining services for airframe, wing, aero-engine, and landing gear components. The Forged Wheels segment provides forged aluminum wheels and related products for heavy-duty trucks, trailers, and buses globally. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

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Last year was not a good one for commercial aerospace companies. The COVID-19 pandemic essentially shut down global air travel for more than half the year.

Wells Fargo Starts Bullish Coverage on 6 Aerospace and Defense Stocks

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE:HWM) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co. LLC to repurchase $200 million of Howmet Aerospace's common stock, pursuant to the share repurchase program previously authorized by Howmet Aerospace's Board of Directors. Under the ASR agreement, Howmet Aerospace will receive initial delivery of approximately 4.9 million shares on May 11, 2021. The final number of s

Howmet Aerospace Announces $200 Million Accelerated Share Repurchase

Howmet Aerospace, Inc. (HWM) CEO John Plant on Q1 2021 Results - Earnings Call Transcript

Howmet (HWM) delivered earnings and revenue surprises of 10.00% and -0.84%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Howmet (HWM) Q1 Earnings Beat Estimates

Shares of Howmet Aerospace (NYSE:HWM) moved higher by 0.2% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 64.52% over the past year to $0.22, which beat the estimate of $0.19.

Recap: Howmet Aerospace Q1 Earnings

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace (NYSE:HWM) today reported first quarter 2021 results. The Company reported first quarter revenues of $1.2 billion, down 26% year over year due to disruptions in the commercial aerospace market, primarily driven by COVID-19, Boeing 737 MAX, and Boeing 787 production declines, partially offset by growth in the commercial transportation, defense aerospace, and industrial gas turbine markets. Howmet Aerospace reported income from continuing operations o

Howmet Aerospace Reports First Quarter 2021 Results

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE:HWM) announced today that it has completed the early redemption of all of its outstanding 5.87% Notes due 2022 (the “2022 Notes”) in the aggregate principal amount of $476.2 million. The 2022 Notes were redeemed with cash on hand at an aggregate redemption price of approximately $503.3 million, including accrued interest. Following the redemption of the 2022 Notes, the Company's next debt maturity is in October 2024. About Howmet Aerospac

Howmet Aerospace Completes Early Redemption of 5.87% Notes Due 2022

Howmet (HWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Howmet (HWM) to Report a Decline in Earnings: What to Look Out for

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE: HWM) announced today that John C. Plant, Chairman and Co-Chief Executive Officer, Tolga Oal, Co-Chief Executive Officer, and Ken Giacobbe, Executive Vice President and Chief Financial Officer, will speak at the Virtual Goldman Sachs Industrials & Materials Conference on Thursday, May 13, 2021 at 9:40 AM ET. A real-time webcast of the event will be available on the “Investors/Events and Presentations” section of www.howmet.com, where

Howmet Aerospace to Present at Goldman Sachs Industrials & Materials Conference

Howmet Aerospace was one of the biggest losers of the 2020 COVID-19 sell-off. However, the company has recovered and is poised to deliver strong free cash flow and EBITDA starting in 2021 as it has the ability to use pricing and efficient production.

Put Howmet Aerospace On Your Watchlist

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE:HWM) will announce its first quarter 2021 financial results on Thursday, May 6, 2021. The press release and presentation materials will be available at approximately 7:00 AM ET on May 6, 2021, via the “Investors” section of the Howmet Aerospace website. A link to the press release will also be available via the Howmet Aerospace Twitter handle @HowmetAerospace at https://twitter.com/HowmetAerospace. The conference call and webcast will beg

Howmet Aerospace to Host Webcast and Announce First Quarter 2021 Results

Howmet (HWM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Howmet (HWM) a New Strong Buy Stock

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE:HWM) announced today that it will redeem all $476,230,000 outstanding aggregate principal amount of its 5.87% Notes due 2022 (the “2022 Notes”) on May 1, 2021 (the “Redemption Date”). The Company expects the aggregate redemption price to be approximately $500 million, which the Company intends to pay with cash on hand. Because the Redemption Date is not a business day, payment of the redemption price will be made on May 3, 2021. Following

Howmet Aerospace Announces Planned Early Redemption of 5.87% Notes Due 2022

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Here's Why Momentum Investors Will Love Howmet (HWM)

Although Howmet Aerospace Inc (NYSE: HWM) continues to be impacted by the “pandemic-induced demand shock to commercial aerospace,” global aircraft builds are likely to bottom in 2020-2021, according to KeyBanc Capital Markets. The Howmet Aerospace Analyst: Philip Gibbs initiated coverage of Howmet Aerospace with an Overweight rating and $36 price target.

Why This Howmet Aerospace Analyst Is Bullish On An Aircraft Recovery

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Q4 earnings show recovery in the commercial aero sector. The reason of recovery is not due to aircraft build rates. For the next 2-3 years, HWM can expect a new revenue source. This will be enough to offset loss of revenue due to lower build rates.

Howmet: Earnings Carry A Secret Message

Howmet Aerospace Inc. (HWM) CEO John Plant on Q4 2020 Results - Earnings Call Transcript

Shares of Howmet Aerospace (NYSE:HWM) fell 4.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 60.38% year over year to $0.21, which beat the estimate of $0.17.

Recap: Howmet Aerospace Q4 Earnings

Howmet Aerospace Inc. said Wednesday it had net income of $106 million, or 24 cents a share, in the fourth quarter, down from $118 million, or 27 cents a share, in the year-earlier period. Adjusted per-share earnings excluding special items came to 21 cents, ahead of the 17 cents FactSet consensus.

Howmet Aerospace shares slide premarket as profit beats but guidance falls below consensus

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace (NYSE:HWM) today reported fourth quarter 2020 and full year 2020 results. The Company reported fourth quarter revenues of $1.2 billion, down 29% year over year due to disruptions in the commercial aerospace and commercial transportation markets, primarily driven by COVID-19 and Boeing 737 MAX production declines, partially offset by growth in the defense aerospace and industrial gas turbine markets. Fourth quarter 2020 revenues increased 9% sequenti

Howmet Aerospace Reports Fourth Quarter 2020 and Full Year 2020 Results

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE:HWM) announced today that it has completed the previously indicated early redemption of all of its outstanding 5.40% Notes due 2021 (the “Notes”) in the aggregate principal amount of $360,808,000. The Notes were redeemed at 100% of the principal amount of the Notes, plus accrued and unpaid interest up to, but not including, the redemption date. About Howmet Aerospace Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a l

Howmet Aerospace Completes Early Redemption of 5.40% Notes Due 2021

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE:HWM) will announce its fourth quarter 2020 and full year 2020 financial results on Wednesday, February 3, 2021. The press release and presentation materials will be available at approximately 7:00 AM ET on February 3, 2021, via the “Investors” section of the Howmet Aerospace website. A link to the press release will also be available via the Howmet Aerospace Twitter handle @HowmetAerospace at https://twitter.com/HowmetAerospace. The confe

Howmet Aerospace to Host Webcast and Announce Fourth Quarter 2020 and Full Year 2020 Results

Investors need to pay close attention to Howmet Aerospace (HWM) stock based on the movements in the options market lately.

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