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Howmet Aerospace (HWM)
NYSE:HWM
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.71Last Year’s EPS
$0.53Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 8.57%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong overall performance with significant growth in revenue, EBITDA, and earnings per share. Despite challenges in the Wheels and commercial transportation sectors, the company's robust performance in aerospace and strategic financial management, including debt reduction and share repurchases, contributed positively to the outlook.Company Guidance
During the Howmet Aerospace Q3 2024 earnings call, the company provided positive guidance, showcasing several key financial metrics. The quarter saw a year-over-year revenue growth of 11%, with commercial aerospace leading at 17%. The company's EBITDA reached a record $487 million, with a margin of 26.5%, and operating income was $419 million with a margin of 22.8%. Earnings per share increased by 54% year-over-year to $0.71, while free cash flow was robust at $162 million, improving the year-to-date figure to approximately $600 million. Despite challenges in the wheels segment with a notable 18% revenue decline in Europe, the company maintained a healthy EBITDA margin of 26% in that segment. Looking ahead, Howmet projects total revenue growth of about 7.5% for 2025, driven by a 12% increase in commercial aerospace, with expectations of continued strong performance in defense aerospace and industrial markets. The company also plans to increase its common stock dividend by 25% in 2025.Strong Revenue and Growth
Year-over-year revenue growth was 11%, building on 14% growth in the first half. Commercial aerospace growth was 17%.
Record EBITDA and Operating Income
EBITDA reached a record $487 million with a margin of 26.5%. Operating income was $419 million, up 33% year-over-year.
Earnings Per Share Increase
Earnings per share increased by 54% year-over-year to $0.71.
Positive Cash Flow and Debt Reduction
Free cash flow was strong at $162 million. Year-to-date free cash flow improved to $600 million. Reduced debt by $282 million.
Credit Rating Upgrades
Moody's upgraded Howmet's rating to Baa1, and Fitch upgraded the outlook to positive.
Share Repurchases
Repurchased $100 million of common stock in Q3, with a year-to-date total of $310 million.
Engine Spares and Fasteners Performance
Engine Products revenue increased 18%, and Fastening Systems revenue increased 13% year-over-year.
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HWM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HWM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $102.09 | $114.78 | +12.43% |
| Jul 30, 2024 | $82.72 | $93.66 | +13.23% |
| May 02, 2024 | $66.63 | $76.93 | +15.46% |
| Feb 13, 2024 | $58.70 | $61.84 | +5.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Howmet Aerospace (HWM) report earnings?
Howmet Aerospace (HWM) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Howmet Aerospace (HWM) earnings time?
Howmet Aerospace (HWM) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HWM EPS forecast?
HWM EPS forecast for the fiscal quarter 2024 (Q4) is $0.71.
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