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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 Inc. (NYSE:HWM) plans to redeem all of its 2022 Notes, totaling approximately $476.2 million, on May 1, 2021, with a redemption price of around $500 million funded with cash on hand. Payment will be made on May 3, 2021, due to the Redemption Date falling on a non-business day. This redemption signifies a proactive management of the company's debt obligations, with the next maturity scheduled for October 2024. Howmet Aerospace specializes in advanced engineered solutions for aerospace and transportation sectors, emphasizing efficiency and reduced carbon footprints.
Howmet Aerospace (NYSE:HWM) announced that its leadership team, including John C. Plant and Tolga Oal, will present at the J.P. Morgan 2021 Industrials Conference on March 16, 2021, at 2:00 PM ET. A live audio webcast will be accessible in the 'Investors/Events and Presentations' section of www.howmet.com, with a replay available for 30 days post-event. Howmet specializes in engineered solutions for aerospace and transportation, focusing on jet engine components and titanium parts, contributing to fuel efficiency and reduced carbon footprint.
Howmet Aerospace (NYSE:HWM) declared a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock. This payment will be made on April 1, 2021 to shareholders recorded by the close of business on March 12, 2021. The company, located in Pittsburgh, is a leader in advanced engineered solutions for aerospace and transportation, focusing on jet engine components and aerospace fastening systems. With a strong patent portfolio, Howmet aims for more fuel-efficient aircraft and lower carbon emissions.
Howmet Aerospace Inc. (NYSE: HWM) will participate in the Barclays Industrial Select Conference on February 16, 2021, at 8:10 AM ET. The event will feature remarks from key executives, including Chairman John C. Plant and Co-CEOs John C. Plant and Tolga Oal. A live audio webcast will be available on their website, with a replay accessible for 30 days post-event. Howmet Aerospace is a leading provider of engineered solutions for the aerospace and transportation sectors, specializing in jet engine components and titanium structural parts, promoting fuel efficiency and reduced carbon footprints.
Howmet Aerospace (NYSE:HWM) reported Q4 2020 revenues of $1.2 billion, a 29% decline year-over-year, primarily due to COVID-19 impacts on commercial aerospace and Boeing 737 MAX production. Income from continuing operations was $106 million ($0.24 per share) compared to $118 million ($0.27 per share) a year earlier. Full year income from continuing operations rose to $211 million ($0.48 per share) from $126 million ($0.27 per share) in 2019. The company ended 2020 with $1.6 billion in cash and expects a stronger position in 2021 as markets recover.
Howmet Aerospace (NYSE:HWM) announced that its leadership team, including Chairman John C. Plant and Co-CEO Tolga Oal, will present at Cowen’s 42nd Annual Aerospace/Defense & Industrials Conference on February 10, 2021, at 8:30 AM ET.
An audio webcast will be accessible on the company’s website, where a replay will be available for 30 days post-event.
Howmet Aerospace specializes in advanced engineered solutions for aerospace and transportation, reporting over $7 billion in revenue in 2019, bolstered by nearly 1,200 patents promoting fuel efficiency and reduced carbon footprints.
Howmet Aerospace Inc. (NYSE:HWM) has successfully completed the early redemption of all its outstanding 5.40% Notes due 2021, totaling $360,808,000. The redemption was executed at 100% of the principal amount along with accrued and unpaid interest up to the redemption date. This strategic move reflects the company's commitment to managing its debt efficiently.
Howmet Aerospace specializes in advanced solutions for the aerospace and transportation industries, focusing on jet engine components and aerospace fastening systems.
Howmet Aerospace Inc. (NYSE:HWM) will announce its fourth quarter and full year 2020 financial results on February 3, 2021, with materials available at 7:00 AM ET. A conference call is scheduled for 10:00 AM ET, hosted by John Plant and Tolga Oal. Investors can join by calling +1 (833) 519-1352 or (918) 922-6504 internationally, using Conference ID 8448239. A replay will be accessible on the company’s website from February 3, 2021, 1:10 PM ET to February 17, 2021. Howmet Aerospace specializes in advanced engineered solutions for aerospace and transportation.
Howmet Aerospace Inc. (NYSE:HWM) has appointed Sharon Barner as an independent director on its Board, effective April 1, 2021. Barner, who is currently Vice-President and Chief Legal Officer at Cummins Inc., brings over 30 years of legal and business experience. Her expertise includes managing global legal matters and overseeing mergers and acquisitions. Barner previously served in key government roles at the U.S. Patent and Trademark Office. She will also join the Governance and Nominating Committee, enhancing Howmet's leadership as it navigates a competitive environment.
Howmet Aerospace (NYSE:HWM) declared a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock. This dividend is scheduled for payment on January 1, 2021, to shareholders of record as of December 11, 2020. With a robust portfolio in aerospace components and over $7 billion in annual revenue reported in 2019, Howmet continues to focus on delivering engineered solutions for the aerospace and transportation sectors.
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