Howmet Aerospace Inc Stock Price, News & Analysis

Howmet Aerospace (NYSE:HWM) announced that Vagner Finelli will join as President of Howmet Fastening Systems effective May 1, 2023. Vagner will oversee global operations of HFS and report to John Plant, CEO. He previously served as President and CEO at Sigma Engineered Solutions, focusing on metal castings and stampings across various industries. Vagner's experience includes leadership roles at Precision Castparts and Lear Corporation, where he progressed through multiple management positions. He holds a Bachelor's in Mechanical Engineering from São Paulo State University and an MBA from Michigan State University.

Howmet Aerospace is a leading provider of advanced solutions for aerospace, offering jet engine components and fastening systems that enhance performance and reduce carbon footprints with nearly 1,150 patents.

The Board of Directors of Howmet Aerospace (NYSE:HWM) has declared a dividend of 4 cents per share for its Common Stock, scheduled for payment on May 25, 2023, to shareholders on record as of May 5, 2023. Additionally, a dividend of 93.75 cents per share will be issued for its $3.75 Cumulative Preferred Stock, payable on July 1, 2023, to holders on record by June 9, 2023. Howmet Aerospace, based in Pittsburgh, Pennsylvania, specializes in engineered solutions for the aerospace and transportation industries, focusing on jet engine components and aerospace fastening systems. The company holds nearly 1,150 patents aimed at improving aircraft efficiency and reducing environmental impact.

Howmet Aerospace Inc. (NYSE:HWM) is set to announce its first quarter 2023 financial results on May 2, 2023, at approximately 7:00 AM ET. The press release and presentation materials will be accessible via the "Investors" section of the Howmet Aerospace website. A conference call and webcast will follow at 10:00 AM ET, led by John Plant, Executive Chairman and CEO, and Ken Giacobbe, Executive VP and CFO. Investors can join the call using U.S. toll-free: +1 (833) 630-1956 or International toll: +1 (412) 317-1837. A replay will be available until May 16, 2023, at 11:59 PM ET. For more details, visit www.howmet.com.

Howmet Aerospace (NYSE:HWM) reported robust financial results for Q4 and FY 2022, with significant revenue growth. Q4 2022 revenue reached $1.5 billion, an increase of 18% year over year, primarily boosted by a 29% rise in Commercial Aerospace. Net income for the quarter was $111 million or $0.26 per share, compared to $77 million in Q4 2021. For the full year, revenue totaled $5.7 billion, a 14% annual increase. The company also executed $400 million in share repurchases and $69 million in debt buybacks, and announced a $0.04 per share dividend. 2023 revenue guidance indicates growth of about 8%.

Howmet Aerospace Inc. (NYSE:HWM) announced that Chairman and CEO John C. Plant and CFO Ken Giacobbe will speak at the Barclays Industrial Select Conference on February 22, 2023, at 10:55 AM ET. A real-time audio webcast will be available on the company’s website, along with a replay for 30 days post-event. Based in Pittsburgh, Pennsylvania, Howmet Aerospace is a leader in advanced engineered solutions for aerospace and transportation, focusing on jet engine components and airframe structural components. The company holds nearly 1,150 patents aimed at enhancing fuel efficiency and reducing carbon footprints in aircraft and trucks.

The Board of Directors of Howmet Aerospace (NYSE:HWM) has declared a dividend of 4 cents per share on its Common Stock, payable on February 27, 2023, to shareholders on record as of February 10, 2023. Additionally, a dividend of 93.75 cents per share will be distributed on its $3.75 Cumulative Preferred Stock (Class A Stock) on April 1, 2023, to holders of record at close of business on March 10, 2023. This reflects the company's commitment to returning value to shareholders while supporting its operations in the aerospace and transportation sectors.