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. reports developments across its engineered products business for aerospace, defense, gas turbine and commercial transportation markets. Updates commonly cover revenue and margin trends tied to commercial aerospace production, engine spares, defense demand, gas turbines and commercial transportation, along with cash generation, guidance, stock repurchases and common stock dividends.
Company announcements also address shareholder meetings, investor conference presentations and executive leadership changes. Howmet's product portfolio includes jet engine components, aerospace fastening systems, airframe structural components and forged aluminum wheels for commercial transportation.
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.
Howmet Aerospace Inc. (NYSE:HWM) will release its fourth quarter and full year 2022 financial results on February 14, 2023, at approximately 7:00 AM ET. The press release will be accessible in the ‘Investors’ section of the Howmet Aerospace website, and via its Twitter handle @HowmetAerospace. A conference call will follow on the same day at 10:00 AM ET, led by John Plant and Ken Giacobbe. Participants can join through U.S. Toll Free: +1 (833) 630-1956. For those unable to attend, a replay will be available until February 28, 2023.
Howmet Aerospace (NYSE:HWM) declared a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock, scheduled for payment on January 1, 2023. Shareholders registered by the close of business on December 9, 2022 will receive this dividend. The company, based in Pittsburgh, Pennsylvania, provides advanced engineered solutions for the aerospace and transportation sectors, focusing on jet engine components and aeronautical fastening systems.
Howmet Aerospace (NYSE:HWM) reported a 12% year-over-year revenue increase to $1.43 billion for Q3 2022, driven by a 23% rise in Commercial Aerospace. Net income rose to $80 million ($0.19 per share) from $27 million ($0.06 per share) in Q3 2021. Adjusted EBITDA, excluding special items, reached $323 million, an 11% increase. The company generated $65 million in operational cash, with a cash balance of $454 million. They also repurchased $100 million in common stock and doubled the quarterly dividend to $0.02 per share, while providing 2023 revenue growth guidance of approximately 10% (+/- 2%).
Howmet Aerospace Inc. (NYSE:HWM) will report its third quarter 2022 financial results on October 31, 2022, at approximately 7:00 AM ET. The press release will be accessible on the company's website and via its Twitter handle @HowmetAerospace. A conference call will take place at 10:00 AM ET, hosted by CEO John Plant and CFO Ken Giacobbe. Participants can join by calling +1 (833) 630-1956 (U.S.) or +1 (412) 317-1837 (international). A replay will be available until November 15, 2022.
The Board of Directors of Howmet Aerospace (NYSE: HWM) has declared a dividend of 4 cents per share on its outstanding Common Stock. This dividend will be paid on November 25, 2022, to stockholders of record as of the close of business on November 4, 2022.
Howmet Aerospace specializes in advanced engineered solutions for the aerospace and transportation sectors, focusing on components that enhance fuel efficiency and reduce carbon footprints.
Howmet Aerospace (NYSE:HWM) reported a 17% year-over-year revenue increase for Q2 2022, totaling $1.39 billion. This growth was primarily driven by a 34% surge in Commercial Aerospace revenue. The company generated $158 million in cash from operations and achieved $114 million in free cash flow. Net income rose to $147 million, or $0.35 per share, compared to $74 million, or $0.17 per share, last year. The firm announced $60 million in share repurchases and a $60 million debt repurchase. Guidance for FY 2022 includes projected revenue of $5.645 billion to $5.715 billion.