secwatch.observer — SEC 8-K summary
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Issuer:     Howmet Aerospace Inc. (HWM)
CIK:        0000004281
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001104659-24-114539
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Howmet Aerospace Q3 2024: Revenue up 11% to $1.84B; adj. EPS $0.71 (+54% YoY); guidance raised
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- Net income $332M ($0.81 EPS) vs $188M ($0.45 EPS) YoY; adjusted EPS $0.71 beats high end of guidance.
- Segment: Engine Products rev $945M (+18%), EBITDA margin 32.5% record; Forged Wheels rev $245M (-14%).
- Raised FY2024 adj. EBITDA guidance to $1.885-1.905B; adj. EPS to $2.65-2.67; preliminary 2025 revenue growth ~7.5%.
- Debt actions reduced annualized interest expense by ~$33M; repurchased $100M stock in Q3 at avg $94.22.
- Quarterly dividend increased 60% to $0.08/share; expect 25% increase to $0.10 in Q1 2025 (subject to Board).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4281/000110465924114539/0001104659-24-114539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4281/000110465924114539/tm2427588d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-114539

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