Howmet Aerospace Inc. ( (HWM) ) has released its Q4 earnings. Here is a breakdown of the information Howmet Aerospace Inc. presented to its investors.
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Howmet Aerospace Inc. is a global leader in providing advanced engineered solutions for the aerospace and transportation industries, focusing on jet engine components, aerospace fastening systems, and airframe structural components. In its latest earnings report, Howmet Aerospace revealed a strong financial performance for the fourth quarter and full year 2024, marked by record revenue, profit, and cash generation. Revenue for the full year 2024 increased by 12% to $7.4 billion, with the commercial aerospace sector being a significant growth driver. The company also reported a net income of $1.2 billion, up from $765 million in 2023, and an earnings per share increase from $1.83 to $2.81 year over year. Operating income rose by 36%, reflecting a robust improvement in operational efficiency. Key financial highlights included an increase in adjusted EBITDA by 27% to $1.9 billion and a 25.8% adjusted EBITDA margin, showing substantial growth driven by aerospace and defense markets. Strategic moves included $975 million deployed for stock repurchases, debt reduction, and dividends, along with a 25% increase in the quarterly stock dividend. Looking ahead to 2025, Howmet Aerospace projects an 8% year-over-year revenue growth, driven by continued strength in commercial aerospace and defense markets, while anticipating over $1 billion in free cash flow. The company remains optimistic about its financial outlook, bolstered by strong market demand and operational efficiency improvements.
