业绩总结 - 2024年第二季度总收入为18.80亿美元，同比增长14%[6] - 调整后EBITDA为4.83亿美元，同比增长31%[6] - 调整后EBITDA利润率为25.7%，同比提升340个基点[6] - 调整后每股收益为0.67美元，同比增长52%[6] - 2024财年预计收入将比2023财年增长约12%，收入范围为74亿至74.8亿美元[53] - 2024财年调整后EBITDA预计将比2023财年增长约24%，调整后EBITDA范围为18.55亿至18.75亿美元[54] - 2024财年调整后每股收益预计将比2023财年增长约39%，调整后每股收益范围为2.53至2.57美元[55] - 2024财年自由现金流预计为约8.7亿美元，同比增长约28%，自由现金流转化率约为85%[65] 用户数据 - 2024年第二季度商业航空收入同比增长27%[12] - 2024年第二季度国防航空收入同比增长11%[12] - 2024年第二季度工业及其他市场收入同比增长4%[12] 现金流与资本结构 - 2024年第二季度自由现金流创纪录，为3.42亿美元[7] - 净债务与过去12个月EBITDA比率改善至1.7倍，创历史新低[8] - 2024年6月30日的净债务为29.07亿美元，净债务与调整后EBITDA（不包括特殊项目）的比率为1.7[109] 股东回报 - 2024年第二季度回购普通股6000万美元，年初至今回购总额为2.10亿美元[7] - 预计将增加60%的普通股股息至每股0.08美元[65] 新产品与市场表现 - 引擎产品的第三方销售在Q1 2024达到885百万美元，较FY 2023的3,266百万美元增长[87] - 快速系统的第三方销售在Q1 2024为389百万美元，较FY 2023的1,349百万美元增长[88] - 工程结构的第三方销售在Q1 2024为262百万美元，较FY 2023的878百万美元增长[89] - 锻造轮的第三方销售在Q1 2024为288百万美元，较FY 2023的1,147百万美元增长[90] - 总体第三方销售在Q1 2024为1,824百万美元，较FY 2023的6,640百万美元增长[92] 未来展望 - 2024年资本支出预计在3.1亿至3.3亿美元之间[58]

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 ...

Howmet (HWM) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.67%. A quarter ago, it was expected that this maker of engineered products for the aerospace and other industries would post earnings of $0.52 per share when it actually produced earnings of $0.57, delivering a surprise o ...

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 ...