secwatch.observer — SEC 8-K summary
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Issuer:     Howmet Aerospace Inc. (HWM)
CIK:        0000004281
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001157523-24-000226
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Howmet Q4 rev $1.7B (+14%), Adj EPS $0.53 (+39%); FY rev $6.6B (+17%); FY24 rev guidance $7.1B midpoint
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4281/000115752324000226/0001157523-24-000226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4281/000115752324000226/a54895480.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000226

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