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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.

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 essential for mission-critical performance and efficiency in aerospace and defense applications. Additionally, Howmet manufactures forged wheels for commercial transportation, which further showcases its diverse capabilities.

Howmet operates in four distinct segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. These segments are dedicated to producing innovative products such as airfoils with cooling and coatings for extreme temperature applications, fasteners for lightweight composite airframe construction, and lightweight aluminum commercial wheels. These advancements contribute to the development of lighter, more fuel-efficient aircraft that operate with a lower carbon footprint.

With nearly 1,150 granted and pending patents, Howmet's technologies ensure its products remain at the forefront of the industry. The company's commitment to innovation and quality is evident in its continuous efforts to create solutions that meet the evolving needs of its customers.

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Howmet Aerospace (NYSE:HWM) will announce its Q2 2024 financial results on July 30, 2024. The press release and presentation materials will be available on the Howmet Aerospace website's 'Investors' section at 7:00 AM ET. A conference call and webcast, hosted by CEO John Plant and CFO Ken Giacobbe, will follow at 10:00 AM ET. Participants can pre-register for the call via a provided link. A webcast replay will be accessible on the company’s website, and a telephone replay will be available until August 13, 2024, using the provided access code.

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Howmet Aerospace (NYSE:HWM) announced that its Executive Chairman and CEO, John C. Plant, will participate in Bernstein’s 40th Annual Strategic Decisions Conference. The event is scheduled for Wednesday, May 29th, 2024, at 3:30 PM ET. Interested parties can access a real-time audio webcast and a 30-day replay through the 'Investors/Events and Presentations' section on Howmet's website.

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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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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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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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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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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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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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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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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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FAQ

What does Howmet Aerospace Inc. specialize in?

Howmet Aerospace specializes in jet engine components, aerospace fastening systems, titanium structural parts, and forged wheels for commercial transportation.

Where is Howmet Aerospace Inc. headquartered?

Howmet Aerospace Inc. is headquartered in Pittsburgh, Pennsylvania.

What are the main business segments of Howmet Aerospace Inc.?

Howmet Aerospace Inc. operates in four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

How many patents does Howmet Aerospace Inc. hold?

Howmet Aerospace Inc. holds nearly 1,150 granted and pending patents.

What markets does Howmet Aerospace Inc. serve?

Howmet Aerospace Inc. serves the aerospace, commercial transportation, and industrial markets.

How does Howmet Aerospace Inc. contribute to making aircraft more fuel-efficient?

Howmet Aerospace Inc. provides technologies that enable lighter, more fuel-efficient aircraft with lower carbon footprints through advanced engineering and innovative products.

What are some examples of products offered by Howmet Aerospace Inc.?

Some products include airfoils with cooling and coatings for extreme temperatures, specially designed fasteners, and lightweight aluminum wheels.

In which industries are Howmet Aerospace Inc.'s products primarily used?

Howmet Aerospace's products are primarily used in aerospace, commercial transportation, and industrial markets.

What are the core values of Howmet Aerospace Inc.?

Howmet Aerospace Inc. is committed to innovation, quality, and providing advanced engineered solutions to meet customer needs.

How does Howmet Aerospace Inc. stay ahead in its industry?

By continuously innovating and securing patents for new technologies, Howmet Aerospace Inc. ensures that its products lead in performance and efficiency in the aerospace and transportation sectors.

Howmet Aerospace Inc.

NYSE:HWM

HWM Rankings

HWM Stock Data

31.85B
408.18M
1.06%
93.72%
2.32%
Alumina Refining and Primary Aluminum Production
Manufacturing
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United States of America
PITTSBURGH