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Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The company's primary businesses focus on jet engine components, aerospace fastening systems, and titanium structural parts essential for mission-critical performance and efficiency in aerospace and defense applications. Additionally, Howmet manufactures forged wheels for commercial transportation, which further showcases its diverse capabilities.
Howmet operates in four distinct segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. These segments are dedicated to producing innovative products such as airfoils with cooling and coatings for extreme temperature applications, fasteners for lightweight composite airframe construction, and lightweight aluminum commercial wheels. These advancements contribute to the development of lighter, more fuel-efficient aircraft that operate with a lower carbon footprint.
With nearly 1,150 granted and pending patents, Howmet's technologies ensure its products remain at the forefront of the industry. The company's commitment to innovation and quality is evident in its continuous efforts to create solutions that meet the evolving needs of its customers.
Howmet Aerospace (HWM) reported strong Q4 and full-year 2024 results, with Q4 revenue reaching $1.9B (up 9% YoY) and full-year revenue of $7.4B (up 12% YoY). The growth was primarily driven by commercial aerospace, which increased 13% in Q4 and 20% for the full year.
Q4 net income was $314M ($0.77 per share), up from $236M ($0.57 per share) in Q4 2023. Full-year 2024 net income reached $1.2B ($2.81 per share), compared to $765M ($1.83 per share) in 2023. The company generated $977M in free cash flow for 2024.
In Q4 2024, HWM repurchased $190M of common stock and paid down $60M of debt. The company increased its quarterly dividend by 25% to $0.10 per share for Q1 2025. For 2025, HWM raised its revenue growth guidance to approximately 8% year-over-year.
Howmet Aerospace (NYSE:HWM) has announced its participation in the upcoming Barclays Annual Industrial Select Conference. Chairman and CEO John C. Plant and Executive Vice President and CFO Ken Giacobbe will represent the company at the event, scheduled for Wednesday, February 19, 2025, at 7:30 AM ET.
The presentation will be accessible through a real-time webcast on the company's website under the 'Investors/Events and Presentations' section. Interested parties can access the webcast replay for 90 days following the presentation at www.howmet.com.
Howmet Aerospace (NYSE: HWM) has announced two dividend distributions approved by its Board of Directors. The company will pay a dividend of $0.10 per share on its Common Stock, payable on February 25, 2025, to shareholders of record as of February 7, 2025. Additionally, holders of the company's $3.75 Cumulative Preferred Stock (Class A Stock) will receive a dividend of $0.9375 per share, payable on April 1, 2025, to shareholders of record as of March 14, 2025.
Howmet Aerospace (NYSE:HWM) has scheduled its fourth quarter and full year 2024 financial results announcement for Thursday, February 13, 2025. The company will release its press release and presentation materials at approximately 7:00 AM ET, followed by a conference call and webcast at 10:00 AM ET.
The conference call will be hosted by John Plant, Executive Chairman and CEO, and Ken Giacobbe, Executive VP and CFO. Participants can join through U.S. Toll Free (+1-844-481-2703) or International Toll (+1-412-317-0659) numbers, with pre-registration available. A replay will be accessible until February 27, 2025, via phone and the company's website.
Howmet Aerospace (NYSE:HWM) announced that its Board of Directors has approved a dividend of $0.9375 per share on the company's $3.75 Cumulative Preferred Stock (Class A Stock). The dividend will be paid on January 1, 2025, to shareholders of record as of the close of business on December 13, 2024.
Howmet Aerospace (HWM) reported strong Q3 2024 results with revenue reaching $1.84 billion, up 11% year over year, driven by 17% growth in commercial aerospace, despite a 12% decline in commercial transportation. Net income increased to $332 million ($0.81 per share) from $188 million ($0.45 per share) in Q3 2023. The company achieved an operating income margin of 22.9% and generated $244 million in cash from operations. Notable financial actions included $282 million in debt reduction and $100 million in share repurchases. The company also provided preliminary 2025 revenue guidance projecting approximately 7.5% growth year over year.
Howmet Aerospace (NYSE:HWM) has announced that John C. Plant, Executive Chairman and Chief Executive Officer, will be presenting at the Baird 2024 Global Industrial Conference. The presentation is scheduled for Wednesday, November 13, 2024, at 1:00 PM ET. Investors can access a real-time webcast of the event through the company's website under the 'Investors/Events and Presentations' section. The webcast recording will remain available for 90 days after the presentation.
Howmet Aerospace Inc. (NYSE:HWM) has announced that it will release its third quarter 2024 financial results on Wednesday, November 6, 2024. The press release and presentation materials will be available at approximately 7:00 AM ET on the company's website. A conference call and webcast will follow at 10:00 AM ET, hosted by John Plant, Executive Chairman and CEO, and Ken Giacobbe, Executive VP and CFO.
Participants can join the call via U.S. Toll Free at +1-844-481-2703 or International Toll at +1-412-317-0659. Pre-registration is available. The webcast will be accessible on Howmet's website. A replay of the call will be available until November 20, 2024, at 11:59 PM ET, with various playback options provided.
Howmet Aerospace Inc. (NYSE:HWM) has announced a dividend payment for its shareholders. The company's Board of Directors has declared a dividend of 8 cents per share on the outstanding Common Stock. This dividend will be paid on November 25, 2024 to stockholders who are on record at the close of business on November 8, 2024. This announcement demonstrates Howmet Aerospace's commitment to returning value to its shareholders through regular dividend distributions.
Howmet Aerospace (NYSE: HWM) has announced its participation in the upcoming Jefferies Industrials Conference. The company's Chairman and CEO John C. Plant, along with CFO Ken Giacobbe, will be presenting on Thursday, September 5, 2024, at 10:25 AM ET.
Investors and interested parties can access a real-time webcast of the event through the "Investors/Events and Presentations" section of Howmet's official website. For those unable to attend live, a replay of the webcast will be available for 90 days following the presentation, providing ample opportunity for stakeholders to review the company's insights and updates.
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