Howmet Aerospace Q3 2022 revenue up 12% YoY to $1.43B; doubles common dividend to $0.04/share

Howmet Aerospace Inc.

2022-Q3 EPS reported $0.84 revenue$4,150,000,000

Net income $80M ($0.19/share) vs. $27M ($0.06/share) in Q3 2021; adjusted EPS $0.36, up 33% YoY.
Commercial aerospace revenue grew 23% YoY; total segment highlights: Engine Products +14%, Fastening Systems +15%.
Adjusted EBITDA of $323M (+11% YoY); margin 22.5% excluding special items; 2023 preliminary revenue growth ~10%.
Repurchased ~2.8M shares ($100M) in Q3; YTD repurchases ~9.7M shares ($335M); $1.012B remaining authorization.
Quarterly common dividend doubled to $0.04/share, payable Nov 25, 2022 to holders of record Nov 4, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Howmet Aerospace Inc. reported third quarter 2022 results: revenue $1.43 billion, net income $80 million, EPS $0.19 per share.

Period: third quarter 2022
Revenue: $1.43 billion
Net income: $80 million
EPS: $0.19 per share
Result: reported results

Exact text from the filing

The Company reported third quarter 2022 revenues of $1.43 billion, up 12% year over year, primarily driven by growth in the commercial aerospace market of 23%. Howmet Aerospace reported net income of $80 million, or $0.19 per share, in the third quarter 2022

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Source: SEC EDGAR

accession 0001157523-22-001429

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