Welcome to our dedicated page for Howmet Aerospace news (Ticker: HWM), a resource for investors and traders seeking the latest updates and insights on Howmet Aerospace stock.
Howmet Aerospace Inc. reports developments across its engineered products business for aerospace, defense, gas turbine and commercial transportation markets. Updates commonly cover revenue and margin trends tied to commercial aerospace production, engine spares, defense demand, gas turbines and commercial transportation, along with cash generation, guidance, stock repurchases and common stock dividends.
Company announcements also address shareholder meetings, investor conference presentations and executive leadership changes. Howmet's product portfolio includes jet engine components, aerospace fastening systems, airframe structural components and forged aluminum wheels for commercial transportation.
Howmet Aerospace (NYSE:HWM) reported a 12% year-over-year revenue increase to $1.43 billion for Q3 2022, driven by a 23% rise in Commercial Aerospace. Net income rose to $80 million ($0.19 per share) from $27 million ($0.06 per share) in Q3 2021. Adjusted EBITDA, excluding special items, reached $323 million, an 11% increase. The company generated $65 million in operational cash, with a cash balance of $454 million. They also repurchased $100 million in common stock and doubled the quarterly dividend to $0.02 per share, while providing 2023 revenue growth guidance of approximately 10% (+/- 2%).
Howmet Aerospace Inc. (NYSE:HWM) will report its third quarter 2022 financial results on October 31, 2022, at approximately 7:00 AM ET. The press release will be accessible on the company's website and via its Twitter handle @HowmetAerospace. A conference call will take place at 10:00 AM ET, hosted by CEO John Plant and CFO Ken Giacobbe. Participants can join by calling +1 (833) 630-1956 (U.S.) or +1 (412) 317-1837 (international). A replay will be available until November 15, 2022.
The Board of Directors of Howmet Aerospace (NYSE: HWM) has declared a dividend of 4 cents per share on its outstanding Common Stock. This dividend will be paid on November 25, 2022, to stockholders of record as of the close of business on November 4, 2022.
Howmet Aerospace specializes in advanced engineered solutions for the aerospace and transportation sectors, focusing on components that enhance fuel efficiency and reduce carbon footprints.
Howmet Aerospace (NYSE:HWM) reported a 17% year-over-year revenue increase for Q2 2022, totaling $1.39 billion. This growth was primarily driven by a 34% surge in Commercial Aerospace revenue. The company generated $158 million in cash from operations and achieved $114 million in free cash flow. Net income rose to $147 million, or $0.35 per share, compared to $74 million, or $0.17 per share, last year. The firm announced $60 million in share repurchases and a $60 million debt repurchase. Guidance for FY 2022 includes projected revenue of $5.645 billion to $5.715 billion.
The Board of Directors of Howmet Aerospace (NYSE:HWM) has declared a dividend of 2 cents per share for Common Stock, payable on August 25, 2022, to shareholders on record as of August 5, 2022. Additionally, a dividend of 93.75 cents per share for $3.75 Class A Cumulative Preferred Stock will be paid on October 1, 2022, to record holders as of September 9, 2022. This decision reflects the company’s commitment to return value to its shareholders.
Howmet Aerospace Inc. (NYSE:HWM) will release its second quarter 2022 financial results on August 4, 2022, at 7:00 AM ET. The details will be accessible in the 'Investors' section of the company's website. A conference call will follow at 11:30 AM ET, hosted by John Plant and Ken Giacobbe. Interested participants can join via U.S. toll-free number +1 (833) 636-0469 or international +1 (412) 902-4230. A replay will be available until August 18, 2022, at 11:59 PM ET.
The Board of Directors of Howmet Aerospace (NYSE:HWM) announced a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock. This dividend is set to be paid on July 1, 2022, to shareholders on record as of June 10, 2022.
Howmet Aerospace is a leading provider of engineered solutions for the aerospace industry, focusing on jet engine components and other crucial aerospace systems.
Howmet Aerospace Inc. (NYSE:HWM) announced that Executive Chairman and CEO John C. Plant, along with Executive VP and CFO Ken Giacobbe, will speak at the 2022 UBS Global Industrials and Transportation Conference. The event is scheduled for Tuesday, June 7, 2022, at 11:20 AM ET. Investors can access a real-time audio webcast of the presentation via the Investors/Events section of www.howmet.com, with a replay available for 30 days post-event.
Howmet specializes in advanced engineered solutions for aerospace and transportation sectors.
Howmet Aerospace Inc. (NYSE:HWM) will host its 2022 Annual Meeting of Shareholders on May 25, 2022, at 9:00 a.m. Eastern Time. The meeting will be held virtually, accessible via webcast. Shareholders of record as of March 29, 2022 can vote and submit questions using their control number. A replay of the meeting will be available from May 26, 2022, until March 1, 2023. Howmet Aerospace specializes in advanced engineered solutions for the aerospace and transportation sectors.
Howmet Aerospace (NYSE:HWM) reported a strong first quarter in 2022 with $1.32 billion in revenue, reflecting a 10% year-over-year increase. Net income surged to $131 million, or $0.31 per share, compared to $80 million in Q1 2021. Adjusted EBITDA rose 9% to $300 million. The company generated $55 million in cash from operations, and initiated $175 million in share repurchases, positively impacting its adjusted EPS guidance for the full year.