Howmet Aerospace reports Q4 adjusted EPS 74c, consensus 72c

Reports Q4 revenue $1.98B, consensus $1.88B. Howmet Aerospace (HWM) executive chairman and CEO John Plant said, “Howmet drove a healthy set of results to close out the year, exceeding the high end of guidance. Revenue in the fourth quarter 2024 grew 9% year over year to a record $1.9 billion, with commercial aerospace growth of 13% supported by engine spares volumes. Adjusted EBITDA* grew 27% to $507 million and Adjusted EBITDA Margin* increased approximately 380 basis points to 26.8%, also records. Adjusted Earnings per Share* grew 40% to a record $0.74.”