This under-the-radar aerospace manufacturer is finally getting its due.Howmet Aerospace (HWM 15.96%) easily topped quarterly expectations, raised full-year guidance, and telegraphed a big boost to its dividend later this year. Investors are buying in, sending shares up 16% as of 11:15 a.m. ET.Strong results despite Boeing's issuesHowmet is a collection of jet engine and aerospace component businesses that were cobbled together by Alcoa before being spun out as an independent. The company earned $0.57 per sh ...

First Quarter 2024 Earnings Call John Plant: Executive Chairman and Chief Executive Officer Ken Giacobbe: EVP and Chief Financial Officer May 2, 2024 Important Information Forward–Looking Statements This presentation contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as "anticipates“, "believes“, "could“, “ ...

Howmet (HWM) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.62%. A quarter ago, it was expected that this maker of engineered products for the aerospace and other industries would post earnings of $0.46 per share when it actually produced earnings of $0.53, delivering a surprise of ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Investor Contact Media Contact Paul T. Luther Rob Morrison (412) 553-1950 (412) 553-2666 Paul.Luther@howmet.com Rob.Morrison@howmet.com Howmet Aerospace Reports First Quarter 2024 Results Record Quarterly Revenue, Up 14% Year Over Year; Strong Profit and Cash from Operations $150 Million Deployed for Common Stock Repurchases Full Year 2024 Guidance Increased First Quarter 2024 GAAP Financial Results · Revenue of $1.82 billion, up 14% year over year, driven by commercial ae ...

Howmet Aerospace Inc. (HWM) is scheduled to release first-quarter 2024 earnings on May 2 before market open.The Zacks Consensus Estimate for earnings has remained steady in the past 60 days. HWM has an impressive earnings surprise history. Its earnings beat the consensus estimate in each of the preceding four quarters, delivering an average surprise of 8.8%.Let’s see how things might have shaped up prior to the announcement.Factors to NoteThe company’s Engine products segment is expected to have benefited f ...

公司估值比较 - Sterling Infrastructure (STRL) 和 Howmet (HWM) 是两家工程研发服务公司，STRL 目前拥有 Zacks Rank 1 (Strong Buy)，而 HWM 的 Zacks Rank 为 3 (Hold) [3] - STRL 的估值指标包括前瞻性 P/E 比率为 20.02，PEG 比率为 1，P/B 比率为 4.94，而 HWM 的前瞻性 P/E 比率为 29.35，PEG 比率为 1.67，P/B 比率为 6.62 [6][7] - 根据估值数据，STRL 在盈利前景和估值方面均优于 HWM，因此被认为是当前更具价值的选择 [8]

Fourth Quarter and Full Year 2023 Earnings Call John Plant: Executive Chairman and Chief Executive Officer Ken Giacobbe: EVP and Chief Financial Officer Important Information Forward–Looking Statements This presentation contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as "anticipates," "believes," "could, ...

财务数据和关键指标变化 - 2023年全年收入增长17%,达到66.4亿美元 [10] - 2023年全年EBITDA增长18%,达到15亿美元 [22] - 2023年全年EBITDA利润率为22.7%,第四季度达到23% [23] - 2023年全年每股收益为1.84美元,同比增长31% [24] - 2023年全年自由现金流达到6.82亿美元,超出指引上限 [26] - 2023年末净负债率降至2.1倍,创历史新低 [28] 各条业务线数据和关键指标变化 发动机产品部门 - 2023年全年收入达到88.7亿美元,EBITDA利润率创纪录达到27.2% [33][34] - 2023年第四季度收入增长16%,EBITDA增长22%,EBITDA利润率达到27.3% [32] 紧固系统部门 - 2023年第四季度收入增长26%,EBITDA增长38%,EBITDA利润率达到22.2% [35][36] 结构件部门 - 2023年第四季度收入增长6%,EBITDA略有下降,EBITDA利润率为13.5% [37][38][39] 锻造轮毂部门 - 2023年第四季度收入增长3%,EBITDA持平,EBITDA利润率下降90个基点 [40] 各个市场数据和关键指标变化 - 商用航空市场2023年全年收入增长24% [10] - 国防航空市场2023年全年收入增长10% [19] - 商用运输市场2023年全年收入增长9% [19] - 工业及其他市场2023年全年收入增长17% [20] 公司战略和发展方向及行业竞争 - 公司在各个细分市场均实现高于市场5%以上的增长 [56] - 公司计划在发动机产品业务进行投资,以满足未来持续增长的需求 [55] - 公司与一家主要发动机制造商达成协议,增加了市场份额 [57] 管理层对经营环境和未来前景的评论 - 商用航空市场需求强劲,预计未来几年将持续增长 [48][49][50] - 国防航空市场和工业市场前景良好,预计未来几年将持续增长 [51] - 商用运输市场可能在2024年出现最高10%的下滑,但预计2025年及以后将恢复增长 [52] 问答环节重要的提问和回答 问题1 **Douglas Harned 提问** 询问公司在发动机产品定价方面的情况 [66][67] **John Plant 回答** 公司在现有长期协议期间无法大幅提价,但在协议到期后会根据市场情况适当提高定价 [67][68] 问题2 **Robert Stallard 提问** 询问公司对波音737机型的产量预期 [77][78] **John Plant 回答** 公司预计2024年波音737机型产量为平均每月34架,但存在一定不确定性,公司已做好相应的库存准备 [78][79] 问题3 **Sheila Kahyaoglu 提问** 询问公司2024年毛利率水平及其影响因素 [102][103][104] **John Plant 和 Ken Giacobbe 回答** 公司长期协议占收入的75%-85%,2024年毛利率水平预计维持在23%左右,主要受原材料价格、产能利用率等因素影响 [103][104][108][109]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-3610 HOWMET AEROSPACE INC. (Exact name of registrant as specified in its charter) Delaware 25-0317820 (State of incorporation) (I.R.S. Employer Identification No. ...

财务表现 - Q3 2023营收同比增长16%[1] - Q3 2023调整后EBITDA同比增长18%[2] - Q3 2023现金结余为4.25亿美元[3] - Q3 2023自由现金流为1.32亿美元[3] - Q3 2023净债务与最近十二个月调整后EBITDA比率改善至2.3倍[3] - 预计2023年营收将同比增长约16%[13] - 2023年预计调整后的EBITDA将同比增长约16%[13] - 2023年预计每股调整后收益将同比增长约26%[13] 部门表现 - 工程产品部门2023年第三季度营收同比增长17%[8] - 紧固系统部门2023年第三季度营收同比增长20%[9] - 工程结构部门2023年第三季度营收同比增长18%[10] - 锻造车轮部门2023年第三季度销量同比增长13%[11] 营收构成 - 航空航天-商用部门占总营收的73%[10] - 北美市场占销售收入的55%[11] 利润率 - Engine Products的调整后EBITDA利润率为27.4%[24] - Fastening Systems的调整后EBITDA利润率为21.8%[24] - Engineered Structures的调整后EBITDA利润率为13.2%[25] - Forged Wheels的调整后EBITDA利润率为27.0%[25] - 总部调整后EBITDA利润率为24.2%[26] 财务状况 - 负债减少约545亿美元[12] - Q3 2023净债务为3,369百万美元[37] - 净债务与排除特殊项目后的调整EBITDA比率为2.3[37] 特殊项目 - 公司在2023年第一季度实现净收入80亿美元[40] - 2023年第一季度稀释每股收益为0.35美元[40] - 特殊项目中，债务赎回和相关成本损失为120亿美元[40]