secwatch.observer — SEC 8-K summary
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Issuer:     Howmet Aerospace Inc. (HWM)
CIK:        0000004281
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001104659-24-083733
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Howmet Aerospace Q2 record revenue $1.88B, adj. EPS $0.67, dividend +60%, buyback +$2B
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4281/000110465924083733/0001104659-24-083733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4281/000110465924083733/tm2420377d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-083733

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer