Howmet Aerospace Inc. (NYSE: HWM) recently revealed stellar performance numbers for the first quarter of 2024. The company’s earnings report for Q1 2024, released on May 2, 2024, exceeded market expectations across key metrics, propelling its stock to new all-time highs.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.With a robust revenue of $1.82 billion, representing a remarkable 14% increase year over year, the company reported earnings per share ( ...

HOWMET AEROSPACE INC. (Exact name of registrant as specified in its charter) Delaware 25-0317820 (State of incorporation) (I.R.S. Employer Identification No.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-3610 ...

Howmet Aerospace Inc.’s (HWM) first-quarter 2024 adjusted earnings of 57 cents per share beat the Zacks Consensus Estimate of 52 cents. The bottom line improved 35.7% year over year.Total revenues of $1.8 billion surpassed the consensus estimate of $1.7 billion. The top line increased 14% from the year-ago quarter. The increase was backed by an improved commercial aerospace market.Segmental DetailsThe Engine Products segment’s revenues totaled $885 million, representing 48.5% of net revenues. On a year-over ...

Howmet Aerospace Inc. (NYSE:HWM) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Paul Luther – Vice President of Investor Relations John Plant – Executive Chairman and Chief Executive Officer Ken Giacobbe – Executive Vice President and Chief Financial Officer Conference Call Participants Noah Poponak – Goldman Sachs Robert Stallard – Vertical Research Robert Spingarn – Melius Research Doug Harned – Bernstein Ken Herbert – RBC Capital Markets Myles Walton – Wolfe Research Sheila ...

This under-the-radar aerospace manufacturer is finally getting its due.Howmet Aerospace (HWM 15.96%) easily topped quarterly expectations, raised full-year guidance, and telegraphed a big boost to its dividend later this year. Investors are buying in, sending shares up 16% as of 11:15 a.m. ET.Strong results despite Boeing's issuesHowmet is a collection of jet engine and aerospace component businesses that were cobbled together by Alcoa before being spun out as an independent. The company earned $0.57 per sh ...

First Quarter 2024 Earnings Call John Plant: Executive Chairman and Chief Executive Officer Ken Giacobbe: EVP and Chief Financial Officer Non-GAAP Financial Measures Some of the information included in this presentation is derived from Howmet Aerospace's consolidated financial information but is not presented in Howmet Aerospace's financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). Certain of these data are considered "non-GAAP fi ...

Howmet (HWM) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.62%. A quarter ago, it was expected that this maker of engineered products for the aerospace and other industries would post earnings of $0.46 per share when it actually produced earnings of $0.53, delivering a surprise of ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Investor Contact Media Contact Paul T. Luther Rob Morrison (412) 553-1950 (412) 553-2666 Paul.Luther@howmet.com Rob.Morrison@howmet.com Howmet Aerospace Reports First Quarter 2024 Results Record Quarterly Revenue, Up 14% Year Over Year; Strong Profit and Cash from Operations $150 Million Deployed for Common Stock Repurchases Full Year 2024 Guidance Increased First Quarter 2024 GAAP Financial Results First Quarter 2024 Adjusted Financial Results 2024 Guidance | | | Q2 2024 ...

Howmet Aerospace Inc. (HWM) is scheduled to release first-quarter 2024 earnings on May 2 before market open.The Zacks Consensus Estimate for earnings has remained steady in the past 60 days. HWM has an impressive earnings surprise history. Its earnings beat the consensus estimate in each of the preceding four quarters, delivering an average surprise of 8.8%.Let’s see how things might have shaped up prior to the announcement.Factors to NoteThe company’s Engine products segment is expected to have benefited f ...

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