Strong commercial aerospace demand fuels a big quarterly beat.Howmet Aerospace (HWM 13.04%) beat Wall Street expectations for the second quarter thanks to strong performance across all segments. The company also set targets for the year that were above estimates.Investors are buying in, sending shares of Howmet up 14% as of 10:15 a.m. ET.Demand-fueled beatHowmet is a relatively new public company with a long history. The company is a manufacturer of components for aircraft and jet engines as well as aluminu ...

财务业绩 - 第二季度营收达18.8亿美元，同比增长14%[9] - 调整后EBITDA达4.83亿美元，同比增长31%，调整后EBITDA利润率为25.7%[11] - 调整后每股收益为0.67美元，同比增长52%[11] - 2024年收入预测为74亿-74.8亿美元,调整后EBITDA为18.55亿-18.75亿美元,调整后每股收益为2.53美元-2.57美元[29] - 2024年上半年净收入为1,879百万美元，同比增长10.5%[50] - 2024年上半年经调整EBITDA为749百万美元，同比增长16.1%[50,56] - 第二季度销售收入为18.8亿美元，同比增长14.1%[38][39][42][43] - 第二季度调整后EBITDA为4.83亿美元，调整后EBITDA利润率为25.7%[82] - 第二季度调整后营业利润为3.98亿美元，调整后营业利润率为21.2%[79] - 第二季度自由现金流为3.42亿美元，上半年自由现金流为4.37亿美元[59] - 第二季度净利润为2.66亿美元，扣除特殊项目后净利润为2.76亿美元[62][65] - 第二季度每股摊薄收益为0.65美元，扣除特殊项目后每股摊薄收益为0.67美元[63][65] 业务表现 - 发动机产品部门营收同比增长14%至9.33亿美元，调整后EBITDA利润率达31.3%[16,17] - 紧固系统部门营收同比增长20%至3.94亿美元，调整后EBITDA利润率达25.6%[18,19] - 工程结构部门营收同比增长38%至2.75亿美元，调整后EBITDA利润率达14.5%[20,21] - 2024年第二季度发动机产品部门收入为933百万美元，同比增长13.6%[51] - 2024年第二季度紧固件系统部门收入为394百万美元，同比增长19.8%[52] - 2024年第二季度结构件部门收入为275百万美元，同比增长37.5%[53] - 2024年第二季度锻造轮毂部门收入为278百万美元，同比下降6.7%[54] - 2024年第二季度公司整体营业利润率为31.3%，同比提升4.1个百分点[51] 股东回报 - 第三季度普通股股息提高60%至每股0.08美元，2025年股息政策为净利润的15%±5%[8] - 公司增加20亿美元的股票回购计划，总额达24.87亿美元[8] - 董事会批准增加2亿美元的股票回购计划,总授权额度达到24.87亿美元[26] - 董事会批准2025年股息政策,派息率为净利润的15%±5%[28] 其他 - 全年2024年指引上调，所有指标均超出第二季度实际表现[5] - 2024年第二季度资本支出为57百万美元，同比增加19.1%[51-54] - 2024年上半年资本支出为137百万美元，同比增加30.5%[50] - 2024年上半年公司偿还债务23百万美元，同时回购普通股210百万美元[50] - 公司在本季度进行了重组和其他费用支出3百万美元[88] - 公司获得了火灾赔付收益4百万美元[88] - 公司发生了与集体谈判相关的费用7百万美元[88] - 公司发生了与关闭、供应链中断和其他事项相关的费用10百万美元[88]

Howmet (HWM) closed at $82.68 in the latest trading session, marking a +0.41% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.64%, and the technology-dominated Nasdaq saw an increase of 1.03%.The maker of engineered products for the aerospace and other industries's stock has climbed by 3.44% in the past month, falling short of the Construction sector's gain of 7.81% and outpacing the S&P 500's loss of 1.16%.Analysts an ...

The market expects Howmet (HWM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July ...

Investors interested in Engineering - R and D Services stocks are likely familiar with Babcock International Group PLC (BCKIY) and Howmet (HWM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earn ...

Howmet (HWM) closed the latest trading day at $78.90, indicating a -0.42% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.28%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq increased by 0.4%.Shares of the maker of engineered products for the aerospace and other industries have appreciated by 0.37% over the course of the past month, underperforming the Construction sector's gain of 0.98% and the S&P 500's gain o ...

Investors with an interest in Engineering - R and D Services stocks have likely encountered both Babcock International Group PLC (BCKIY) and Howmet (HWM) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a prov ...

Howmet Aerospace Inc. (HWM) is benefiting from strength in the commercial aerospace market. The strength in air travel continues, as it has throughout 2023, with wide-body aircraft demand picking up, supporting continued OEM spending. The pickup in air travel is positive for the company because the increased use of aircraft spurs spending on parts and products that HWM provides. It also encourages airlines to buy more aircraft, which again drives Howmet’s sales.An expanding defense budget is a growth cataly ...

Investors interested in Engineering - R and D Services stocks are likely familiar with Babcock International Group PLC (BCKIY) and Howmet (HWM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisio ...

In the latest trading session, Howmet (HWM) closed at $78.63, marking a -1.88% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.31%. On the other hand, the Dow registered a gain of 0.67%, and the technology-centric Nasdaq decreased by 1.09%. Heading into today, shares of the maker of engineered products for the aerospace and other industries had lost 5.41% over the past month, lagging the Construction sector's loss of 4.24% and the S&P 500's gain of 2.73% in that ti ...