secwatch.observer — SEC 8-K summary
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Issuer:     Howmet Aerospace Inc. (HWM)
CIK:        0000004281
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001104659-24-055980
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Howmet Q1 revenue record $1.82B (+14% YoY); raises FY guidance; adj. EPS $0.57 (+36%)
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- Revenue $1.82B (record), net income $243M vs $148M YoY; adj. EBITDA $437M (+21%), margin 24.0%.
- All end markets up; commercial aerospace +23%; Boeing 737 MAX assumptions cut to 20/month, but overall guidance raised $200M.
- Segment highlights: Engine Products EBITDA $249M (margin 28.1%); Fastening Systems EBITDA $92M (+59%); Forged Wheels margin 28.5%.
- Raised FY2024 guidance: revenue $7.30B (midpoint), adj. EPS $2.35, free cash flow $800M; Q2 guidance also above expectations.
- Repurchased $150M shares at $66.87; expect to increase quarterly dividend to $0.07 from $0.05 in Q3; Moody's upgraded to investment grade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4281/000110465924055980/0001104659-24-055980-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4281/000110465924055980/tm2413242d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-055980

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