8-K
filed February 13, 2024, 6:59 PM ET
ticker HWM
CIK 0000004281
earnings
confidence high
sentiment positive
materiality 0.85
Howmet Q4 rev $1.7B (+14%), Adj EPS $0.53 (+39%); FY rev $6.6B (+17%); FY24 rev guidance $7.1B midpoint
Howmet Aerospace Inc.
2023-FY EPS reported
$1.83
revenue$6,640,000,000
- Q4 2023 revenue $1.7B (+14% YoY); net income $236M ($0.57 EPS); adjusted EPS $0.53 (+39% YoY).
- FY2023 revenue $6.6B (+17% YoY); adjusted EBITDA $1.5B (+18%); free cash flow $682M.
- FY2024 guidance: revenue $7.0-7.2B (~+7% YoY); adj. EPS $2.10-2.20; FCF $700-770M.
- In 2023, deployed $800M for debt paydown ($476M), share repurchases ($250M), and dividends ($73M).
- S&P upgraded Howmet to BBB-; company now investment grade by two of three rating agencies.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Howmet Aerospace Inc. reported Full Year 2023 results: revenue $6.6 billion, net income $766 million, EPS $1.84.
- Period
- Full Year 2023
- Revenue
- $6.6 billion
- Net income
- $766 million
- EPS
- $1.84
- Result
- reported results
Exact text from the filing
end of quarter of $610 million, including impacts of debt redemption, common stock repurchases and $0.05 per share dividend on common stock Full Year 2023 Highlights Revenue of $6.6 billion, up 17% year over year, driven by commercial aerospace, up 24% year over year Net income of $765 million, or $1.83 per share, versus $469 million, or $1.11 per share, in the full
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Howmet Aerospace Inc. reported Fourth Quarter 2023 results: revenue $1.7 billion, net income $218 million, EPS $0.53.
- Period
- Fourth Quarter 2023
- Revenue
- $1.7 billion
- Net income
- $218 million
- EPS
- $0.53
- Result
- reported results
Exact text from the filing
Revenue Growth of Approx. 7% and Improved Cash Generation PITTSBURGH--(BUSINESS WIRE)--February 13, 2024--Howmet Aerospace (NYSE:HWM): Fourth Quarter 2023 Highlights Revenue of $1.7 billion, up 14% year over year, driven by commercial aerospace, up 22% year over year Net income of $236 million versus $111 million in the fourth quarter 2022; earnings per share of
View on SEC.gov
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