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Howmet Aerospace Inc. - $HWM STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Howmet Aerospace's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Howmet Aerospace's position in the market.

Rhea-AI Summary

Howmet Aerospace Inc. (NYSE:HWM) will host its 2024 Annual Meeting of Shareholders virtually on May 22, 2024, at 12:00 p.m. Eastern Time. Shareholders as of March 25, 2024, the record date, can vote or submit questions via a webcast. The replay will be available until March 1, 2025, on the company website.

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Rhea-AI Summary

Howmet Aerospace reported record quarterly revenue of $1.82 billion, up 14% year over year, with strong profit and cash from operations. They deployed $150 million for common stock repurchases and increased their full-year 2024 guidance. Net income was $243 million, operating income margin was 20.2%, and adjusted EBITDA excluding special items was $437 million, up 21% year over year. The company generated $95 million of free cash flow and provided guidance for Q2 and full year 2024.

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Rhea-AI Sentiment
End-of-Day
15.45%
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Rhea-AI Summary
The Board of Directors of Howmet Aerospace Inc. (HWM) has approved dividends for its Common Stock and Preferred Stock. A dividend of 5 cents per share on Common Stock will be paid on May 28, 2024, and a dividend of 93.75 cents per share on $3.75 Cumulative Preferred Stock will be paid on July 1, 2024.
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End-of-Day
2.47%
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dividends
Rhea-AI Summary
Howmet Aerospace Inc. (NYSE:HWM) will release its Q1 2024 financial results on May 2, 2024. The conference call with John Plant and Ken Giacobbe will be at 10:00 AM ET.
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-0.91%
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Howmet Aerospace (HWM) appoints Johan Wall as President, Engineered Structures, effective April 8, 2024. Wall brings extensive experience from Precision Castparts and Linamar Automotive, with a strong background in aerospace and quality management.
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-1.09%
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Rhea-AI Summary
Howmet Aerospace Inc. (HWM) executives to participate in Bank of America Global Industrials Conference in London. Real-time webcast available on howmet.com.
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0.25%
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conferences
Rhea-AI Summary
Howmet Aerospace (NYSE:HWM) reported strong financial results for FY 2023, with revenue up 17% year over year to $6.6 billion and net income of $765 million. The company also provided optimistic guidance for FY 2024, expecting revenue growth of approximately 7%. Howmet Aerospace made significant debt paydowns, common stock repurchases, and dividend payments in FY 2023, showcasing financial strength and shareholder value.
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End-of-Day
5.35%
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Howmet Aerospace Inc. (NYSE:HWM) announced that its CEO and CFO will speak at the Barclays Industrial Select Conference on February 21, 2024. The event will be webcasted live and available for replay on the company's website.
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Rhea-AI Sentiment
End-of-Day
1.13%
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Rhea-AI Summary
Howmet Aerospace (HWM) declared a dividend of 5 cents per share on the outstanding Common Stock, and 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock. The dividends will be paid on February 26, 2024, and April 1, 2024, respectively, to the holders of record at the close of business on February 9, 2024, and March 15, 2024.
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Rhea-AI Sentiment
End-of-Day
-1.9%
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dividends
Rhea-AI Summary
Howmet Aerospace Inc. (HWM) will announce its Q4 2023 and full year 2023 financial results on February 13, 2024. The press release and presentation materials will be available at 7:00 AM ET on the company's website. A conference call and webcast will follow at 10:00 AM ET, hosted by the Executive Chairman, CEO, and CFO.
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Rhea-AI Sentiment
End-of-Day
-3.38%
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conferences earnings
Howmet Aerospace Inc.

NYSE:HWM

HWM Rankings

HWM Stock Data

32.59B
405.45M
1.04%
93.18%
1.82%
Alumina Refining and Primary Aluminum Production
Manufacturing
Link
United States of America
PITTSBURGH

About HWM

howmet aerospace inc., headquartered in pittsburgh, pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. the company’s primary businesses focus on jet engine components, aerospace fastening systems, and titanium structural parts necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation. with nearly 1,150 granted and pending patents, the company’s differentiated technologies enable lighter, more fuel-efficient aircraft to operate with a lower carbon footprint.