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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 (NYSE:HWM) announced that Vagner Finelli will join as President of Howmet Fastening Systems effective
Howmet Aerospace is a leading provider of advanced solutions for aerospace, offering jet engine components and fastening systems that enhance performance and reduce carbon footprints with nearly 1,150 patents.
The Board of Directors of Howmet Aerospace (NYSE:HWM) has declared a dividend of 4 cents per share for its Common Stock, scheduled for payment on May 25, 2023, to shareholders on record as of May 5, 2023. Additionally, a dividend of 93.75 cents per share will be issued for its $3.75 Cumulative Preferred Stock, payable on July 1, 2023, to holders on record by June 9, 2023. Howmet Aerospace, based in Pittsburgh, Pennsylvania, specializes in engineered solutions for the aerospace and transportation industries, focusing on jet engine components and aerospace fastening systems. The company holds nearly 1,150 patents aimed at improving aircraft efficiency and reducing environmental impact.
Howmet Aerospace Inc. (NYSE:HWM) is set to announce its first quarter 2023 financial results on May 2, 2023, at approximately 7:00 AM ET. The press release and presentation materials will be accessible via the "Investors" section of the Howmet Aerospace website. A conference call and webcast will follow at 10:00 AM ET, led by John Plant, Executive Chairman and CEO, and Ken Giacobbe, Executive VP and CFO. Investors can join the call using U.S. toll-free: +1 (833) 630-1956 or International toll: +1 (412) 317-1837. A replay will be available until May 16, 2023, at 11:59 PM ET. For more details, visit www.howmet.com.
Howmet Aerospace (NYSE:HWM) reported robust financial results for Q4 and FY 2022, with significant revenue growth. Q4 2022 revenue reached $1.5 billion, an increase of 18% year over year, primarily boosted by a 29% rise in Commercial Aerospace. Net income for the quarter was $111 million or $0.26 per share, compared to $77 million in Q4 2021. For the full year, revenue totaled $5.7 billion, a 14% annual increase. The company also executed $400 million in share repurchases and $69 million in debt buybacks, and announced a $0.04 per share dividend. 2023 revenue guidance indicates growth of about 8%.
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