Howmet Aerospace Inc Stock Price, News & Analysis

Howmet Aerospace (NYSE: HWM) has announced two dividend distributions approved by its Board of Directors. The company will pay a dividend of $0.10 per share on its Common Stock, payable on February 25, 2025, to shareholders of record as of February 7, 2025. Additionally, holders of the company's $3.75 Cumulative Preferred Stock (Class A Stock) will receive a dividend of $0.9375 per share, payable on April 1, 2025, to shareholders of record as of March 14, 2025.

Howmet Aerospace (NYSE:HWM) has scheduled its fourth quarter and full year 2024 financial results announcement for Thursday, February 13, 2025. The company will release its press release and presentation materials at approximately 7:00 AM ET, followed by a conference call and webcast at 10:00 AM ET.

The conference call will be hosted by John Plant, Executive Chairman and CEO, and Ken Giacobbe, Executive VP and CFO. Participants can join through U.S. Toll Free (+1-844-481-2703) or International Toll (+1-412-317-0659) numbers, with pre-registration available. A replay will be accessible until February 27, 2025, via phone and the company's website.

Howmet Aerospace (NYSE:HWM) announced that its Board of Directors has approved a dividend of $0.9375 per share on the company's $3.75 Cumulative Preferred Stock (Class A Stock). The dividend will be paid on January 1, 2025, to shareholders of record as of the close of business on December 13, 2024.

Howmet Aerospace (HWM) reported strong Q3 2024 results with revenue reaching $1.84 billion, up 11% year over year, driven by 17% growth in commercial aerospace, despite a 12% decline in commercial transportation. Net income increased to $332 million ($0.81 per share) from $188 million ($0.45 per share) in Q3 2023. The company achieved an operating income margin of 22.9% and generated $244 million in cash from operations. Notable financial actions included $282 million in debt reduction and $100 million in share repurchases. The company also provided preliminary 2025 revenue guidance projecting approximately 7.5% growth year over year.

Howmet Aerospace (NYSE:HWM) has announced that John C. Plant, Executive Chairman and Chief Executive Officer, will be presenting at the Baird 2024 Global Industrial Conference. The presentation is scheduled for Wednesday, November 13, 2024, at 1:00 PM ET. Investors can access a real-time webcast of the event through the company's website under the 'Investors/Events and Presentations' section. The webcast recording will remain available for 90 days after the presentation.

Howmet Aerospace Inc. (NYSE:HWM) has announced that it will release its third quarter 2024 financial results on Wednesday, November 6, 2024. The press release and presentation materials will be available at approximately 7:00 AM ET on the company's website. A conference call and webcast will follow at 10:00 AM ET, hosted by John Plant, Executive Chairman and CEO, and Ken Giacobbe, Executive VP and CFO.

Participants can join the call via U.S. Toll Free at +1-844-481-2703 or International Toll at +1-412-317-0659. Pre-registration is available. The webcast will be accessible on Howmet's website. A replay of the call will be available until November 20, 2024, at 11:59 PM ET, with various playback options provided.

Howmet Aerospace Inc. (NYSE:HWM) has announced a dividend payment for its shareholders. The company's Board of Directors has declared a dividend of 8 cents per share on the outstanding Common Stock. This dividend will be paid on November 25, 2024 to stockholders who are on record at the close of business on November 8, 2024. This announcement demonstrates Howmet Aerospace's commitment to returning value to its shareholders through regular dividend distributions.

Howmet Aerospace (NYSE: HWM) has announced its participation in the upcoming Jefferies Industrials Conference. The company's Chairman and CEO John C. Plant, along with CFO Ken Giacobbe, will be presenting on Thursday, September 5, 2024, at 10:25 AM ET.

Investors and interested parties can access a real-time webcast of the event through the "Investors/Events and Presentations" section of Howmet's official website. For those unable to attend live, a replay of the webcast will be available for 90 days following the presentation, providing ample opportunity for stakeholders to review the company's insights and updates.

Howmet Aerospace Inc. (NYSE:HWM) has announced the pricing of its public offering of $500 million aggregate principal amount of 4.850% Notes due 2031. The offering is expected to close on August 22, 2024, subject to customary conditions. The company plans to use the net proceeds, along with cash on hand, to redeem all outstanding principal (approximately $577 million) of its 6.875% Notes due 2025. J.P. Morgan Securities , Citigroup Global Markets Inc., Morgan Stanley & Co. , and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering.