Howmet Aerospace Inc Stock Price, News & Analysis

Howmet Aerospace Inc. (NYSE:HWM) announced that Chairman and CEO John C. Plant, along with CFO Ken Giacobbe, will present at Cowen’s 43rd Annual Aerospace/Defense & Industrials Conference on February 9, 2022, at 9:20 AM ET. A live audio webcast will be accessible via the Investors/Events and Presentations section on www.howmet.com, with a replay available for 30 days post-event. Howmet Aerospace specializes in advanced engineered solutions for aerospace and transportation, focusing on jet engine components and titanium structural parts, backed by numerous patents for innovative technologies.

The Board of Directors of Howmet Aerospace (NYSE:HWM) has declared a dividend of 2 cents per share, to be paid on February 25, 2022. Shareholders on record as of February 4, 2022 will receive this dividend. Howmet Aerospace is recognized for its advanced engineered solutions in the aerospace and transportation industries, focusing on jet engine components and titanium structural parts, supported by nearly 1,150 patents. This dividend indicates the company's commitment to returning value to its shareholders.

Howmet Aerospace Inc. (NYSE: HWM) will announce its fourth quarter and full year 2021 financial results on February 2, 2022, at 7:00 AM ET. The press release will be accessible in the 'Investors' section of the Howmet Aerospace website and via their Twitter handle @HowmetAerospace. A conference call will follow at 9:30 AM ET, hosted by John Plant and Ken Giacobbe. A replay of the call will be available starting 12:40 PM ET on February 2 until February 16, 2022.

Howmet Aerospace Inc. (NYSE: HWM) will participate in the Credit Suisse Global Industrials Conference on December 1, 2021, at 10:10 AM ET. Executive Chairman and CEO John C. Plant and CFO Ken Giacobbe will represent the company. A real-time webcast of the event will be accessible on www.howmet.com, with a replay available for one year post-event. Howmet Aerospace specializes in advanced engineered solutions for aerospace and transportation sectors, emphasizing fuel-efficient and low-carbon aircraft technologies.

Howmet Aerospace (NYSE:HWM) reported a strong performance in Q3 2021 with revenues of $1.28 billion, a 13% increase year-over-year. Operating income surged to $205 million, marking a 181% rise. Income from continuing operations, however, declined to $27 million or $0.06 per share compared to $36 million or $0.08 in Q3 2020. Excluding special items, income soared to $120 million or $0.27 per share. The company generated $67 million cash from operations with a cash balance of $726 million at quarter-end.

The Board of Directors of Howmet Aerospace (NYSE:HWM) declared a dividend of 2 cents per share on Common Stock, payable on November 25, 2021. Shareholders on record as of November 5, 2021 will receive this payment. Additionally, a dividend of 93.75 cents per share on Cumulative Preferred Stock will be paid on January 1, 2022, to holders on record by December 10, 2021.

Howmet Aerospace Inc. (NYSE:HWM) will release its third quarter 2021 financial results on November 4, 2021, at approximately 7:00 AM ET. A conference call will follow at 10:00 AM ET, hosted by Executive Chairman John Plant and CFO Ken Giacobbe. Investors can dial in using (833) 519-1352 or +1 (918) 922-6504 internationally. A replay will be available from 1:10 PM ET on November 4 until November 18, 2021. Visit the Howmet Aerospace website for details.

Howmet Aerospace Inc. (NYSE:HWM) has announced that John C. Plant will become the sole Chief Executive Officer while retaining his role as Executive Chairman. Plant decided to extend his tenure to guide the company through the expected upturn in the aerospace market. Tolga I. Oal has left the company to pursue other opportunities. The independent Lead Director, James F. Albaugh, expressed confidence in Plant’s leadership, emphasizing the importance of stability as the company navigates this growth phase.

Howmet Aerospace (NYSE:HWM) announced early tender results for its tender offer regarding the 6.875% Notes due 2025. As of the early tender deadline on August 31, 2021, valid tenders exceeded the purchase cap of $600 million. The accepted notes will be proportionally accepted to ensure the purchase cap is not exceeded. The total consideration includes a $50 early tender premium. Expected settlement for accepted notes will occur on September 2, 2021. The tender offer will expire on September 15, 2021, after which no further tenders will be accepted.