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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.
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Howmet Aerospace Inc. (NYSE:HWM) will release its Q1 2024 financial results on May 2, 2024. The conference call with John Plant and Ken Giacobbe will be at 10:00 AM ET.
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Howmet Aerospace (HWM) appoints Johan Wall as President, Engineered Structures, effective April 8, 2024. Wall brings extensive experience from Precision Castparts and Linamar Automotive, with a strong background in aerospace and quality management.
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Howmet Aerospace Inc. (HWM) executives to participate in Bank of America Global Industrials Conference in London. Real-time webcast available on howmet.com.
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Howmet Aerospace (NYSE:HWM) reported strong financial results for FY 2023, with revenue up 17% year over year to $6.6 billion and net income of $765 million. The company also provided optimistic guidance for FY 2024, expecting revenue growth of approximately 7%. Howmet Aerospace made significant debt paydowns, common stock repurchases, and dividend payments in FY 2023, showcasing financial strength and shareholder value.
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Howmet Aerospace Inc. (NYSE:HWM) announced that its CEO and CFO will speak at the Barclays Industrial Select Conference on February 21, 2024. The event will be webcasted live and available for replay on the company's website.
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Howmet Aerospace (HWM) declared a dividend of 5 cents per share on the outstanding Common Stock, and 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock. The dividends will be paid on February 26, 2024, and April 1, 2024, respectively, to the holders of record at the close of business on February 9, 2024, and March 15, 2024.
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Howmet Aerospace Inc. (HWM) will announce its Q4 2023 and full year 2023 financial results on February 13, 2024. The press release and presentation materials will be available at 7:00 AM ET on the company's website. A conference call and webcast will follow at 10:00 AM ET, hosted by the Executive Chairman, CEO, and CFO.
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Howmet Aerospace (NYSE: HWM) completed debt actions in December 2023, drawing approximately $400 million from two term loan facilities and completing an early partial redemption of its 5.125% Notes due October 2024. The Company entered into interest rate swaps to exchange floating interest rates into fixed rates, obtaining a weighted average fixed interest rate of approximately 3.9%. S&P Global Ratings upgraded Howmet Aerospace’s Long-Term Issue Credit Rating to 'BBB-' from 'BB+' and updated the rating outlook to stable, making the company investment grade by two of the three credit rating agencies.
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Howmet Aerospace (HWM) responds to Lockheed Martin's lawsuit regarding the F-35 Program, denying allegations and emphasizing compliance with contractual and regulatory obligations. Howmet supplies titanium products to Lockheed Martin and other customers, facing challenges due to reduced global titanium sponge supply and increased prices. Despite these challenges, Howmet continues to supply the F-35 Program and its customers.
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Howmet Aerospace (NYSE:HWM) Declares Dividend of 93.75 Cents per Share for Class A Stock
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FAQ
What is the current stock price of Howmet Aerospace (HWM)?
The current stock price of Howmet Aerospace (HWM) is $129.83 as of February 21, 2025.
What is the market cap of Howmet Aerospace (HWM)?
The market cap of Howmet Aerospace (HWM) is approximately 56.1B.
What does Howmet Aerospace Inc. specialize in?
Howmet Aerospace specializes in jet engine components, aerospace fastening systems, titanium structural parts, and forged wheels for commercial transportation.
Where is Howmet Aerospace Inc. headquartered?
Howmet Aerospace Inc. is headquartered in Pittsburgh, Pennsylvania.
What are the main business segments of Howmet Aerospace Inc.?
Howmet Aerospace Inc. operates in four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
How many patents does Howmet Aerospace Inc. hold?
Howmet Aerospace Inc. holds nearly 1,150 granted and pending patents.
What markets does Howmet Aerospace Inc. serve?
Howmet Aerospace Inc. serves the aerospace, commercial transportation, and industrial markets.
How does Howmet Aerospace Inc. contribute to making aircraft more fuel-efficient?
Howmet Aerospace Inc. provides technologies that enable lighter, more fuel-efficient aircraft with lower carbon footprints through advanced engineering and innovative products.
What are some examples of products offered by Howmet Aerospace Inc.?
Some products include airfoils with cooling and coatings for extreme temperatures, specially designed fasteners, and lightweight aluminum wheels.
In which industries are Howmet Aerospace Inc.'s products primarily used?
Howmet Aerospace's products are primarily used in aerospace, commercial transportation, and industrial markets.
What are the core values of Howmet Aerospace Inc.?
Howmet Aerospace Inc. is committed to innovation, quality, and providing advanced engineered solutions to meet customer needs.
How does Howmet Aerospace Inc. stay ahead in its industry?
By continuously innovating and securing patents for new technologies, Howmet Aerospace Inc. ensures that its products lead in performance and efficiency in the aerospace and transportation sectors.
Howmet Aerospace Inc
NYSE:HWM
HWM Rankings
HWM Stock Data
56.07B
400.04M
1.06%
93.5%
2.25%
Aerospace & Defense
Rolling Drawing & Extruding of Nonferrous Metals
United States
PITTSBURGH