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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) has announced dividend payments for both its Common Stock and Class A Stock. The Board of Directors declared a dividend of 8 cents per share on the Common Stock, payable on August 26, 2024, to shareholders of record as of August 9, 2024. Additionally, a dividend of 93.75 cents per share was declared on the $3.75 Cumulative Preferred Stock (Class A Stock), to be paid on October 1, 2024, to shareholders of record as of September 13, 2024. This announcement demonstrates Howmet Aerospace's commitment to returning value to its shareholders through regular dividend distributions.
Howmet Aerospace (NYSE:HWM) will announce its Q2 2024 financial results on July 30, 2024. The press release and presentation materials will be available on the Howmet Aerospace website's 'Investors' section at 7:00 AM ET. A conference call and webcast, hosted by CEO John Plant and CFO Ken Giacobbe, will follow at 10:00 AM ET. Participants can pre-register for the call via a provided link. A webcast replay will be accessible on the company’s website, and a telephone replay will be available until August 13, 2024, using the provided access code.
Howmet Aerospace (NYSE:HWM) announced that its Executive Chairman and CEO, John C. Plant, will participate in Bernstein’s 40th Annual Strategic Decisions Conference. The event is scheduled for Wednesday, May 29th, 2024, at 3:30 PM ET. Interested parties can access a real-time audio webcast and a 30-day replay through the 'Investors/Events and Presentations' section on Howmet's website.
Howmet Aerospace Inc. (NYSE:HWM) will host its 2024 Annual Meeting of Shareholders virtually on May 22, 2024, at 12:00 p.m. Eastern Time. Shareholders as of March 25, 2024, the record date, can vote or submit questions via a webcast. The replay will be available until March 1, 2025, on the company website.
Howmet Aerospace reported record quarterly revenue of $1.82 billion, up 14% year over year, with strong profit and cash from operations. They deployed $150 million for common stock repurchases and increased their full-year 2024 guidance. Net income was $243 million, operating income margin was 20.2%, and adjusted EBITDA excluding special items was $437 million, up 21% year over year. The company generated $95 million of free cash flow and provided guidance for Q2 and full year 2024.
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