earnings
confidence high
sentiment positive
materiality 0.90
Howmet Aerospace Q2 record revenue $1.88B, adj. EPS $0.67, dividend +60%, buyback +$2B
Howmet Aerospace Inc.
2024-Q2 EPS reported
$1.23
revenue$3,704,000,000
- Revenue of $1.88B (+14% YoY); net income $266M ($0.65 EPS); adj. EPS $0.67 (+52% YoY).
- Adjusted EBITDA $483M (+31%); margin 25.7%; free cash flow $342M in Q2 and $437M YTD.
- Dividend increased 60% to $0.08/share for Q3; 2025 dividend policy set at 15% ±5% of adj. net income.
- Board added $2B to share repurchase authorization for total $2.487B; $60M bought in Q2 at avg $81.66.
- FY2024 guidance raised: rev $7.44B, adj. EBITDA $1.865B, adj. EPS $2.55, FCF $870M (all midpoints).