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Howmet Aerospace reports Q2 EPS 67c, consensus 60c

Reports Q2 revenue $1.880B, consensus $1,84B. Adjusted EBITDA margin excluding special items was up approximately 340 basis points year over year at 25.7%. Second quarter 2024 adjusted operating income excluding special items was $414 million, up 38% year over year. Adjusted operating income margin excluding special items was 22.0%, up approximately 370 basis points year over year. Howmet Aerospace Executive Chairman and Chief Executive Officer John Plant said, “In the second quarter 2024, the Howmet Aerospace team drove another very strong set of results, again exceeding the high end of guidance on all fronts. Revenue grew a healthy 14% year over year, with commercial aerospace revenue up 27%, continuing a strong trend.

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