Howmet (HWM) Q1 Earnings Beat Estimates, Revenues Increase Y/Y
HWMHowmet Aerospace(HWM) Zacks Investment Research·2024-05-03 01:26

Howmet Aerospace Inc.’s (HWM) first-quarter 2024 adjusted earnings of 57 cents per share beat the Zacks Consensus Estimate of 52 cents. The bottom line improved 35.7% year over year.Total revenues of $1.8 billion surpassed the consensus estimate of $1.7 billion. The top line increased 14% from the year-ago quarter. The increase was backed by an improved commercial aerospace market.Segmental DetailsThe Engine Products segment’s revenues totaled $885 million, representing 48.5% of net revenues. On a year-over ...