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Howmet Aerospace Inc. (HWM)
:HWM
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.77Last Year’s EPS
0.57Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 8.08%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, record-breaking results, and strategic improvements in several market segments. However, there were challenges in the commercial transportation and forged wheels segments, which impacted overall performance. Despite these challenges, the company's strong growth, improved leverage, and shareholder returns suggest a positive outlook.Company Guidance
During the Howmet Aerospace Fourth Quarter and Full Year 2024 Conference Call, the company reported record results, exceeding guidance with a year-over-year revenue increase of 12% and a 27% growth in EBITDA. Fourth quarter earnings per share rose 40% to $0.74, culminating in a full-year EPS of $2.69, up 46% from 2023. Operating margin for Q4 was 23%, and free cash flow reached a record $977 million, representing an 88% conversion of net income. The company repurchased $500 million in common stock, reduced debt by $365 million, and increased dividends by 25%. The balance sheet was strengthened with a net debt to EBITDA leverage of 1.4 times. Looking ahead, Howmet projects 2025 revenues to grow by 8% with Q1 expectations set at $1.935 billion in revenue and an EPS of $0.76. Free cash flow for 2025 is anticipated to surpass $1 billion.Record Financial Performance
Revenues, EBITDA, EBITDA margin, and earnings per share (EPS) reached record levels. Full-year EPS increased by 46% year over year, and free cash flow was a record $977 million.
Strong End Market Performance
Commercial aerospace revenue increased by 20% for the full year, while defense aerospace grew by 22%. The industrial and other market segments were up 9% driven by oil and gas, up 19%.
Leverage and Credit Rating Improvement
Net debt to EBITDA improved to 1.4 times and S&P upgraded Howmet's credit rating to BBB.
Significant Shareholder Returns
Howmet repurchased $500 million of common stock and paid $109 million in dividends in 2024.
Engine Products Segment Growth
Revenue increased 14% year over year, with EBITDA growing 30% to $1.15 billion.
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HWM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HWM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $128.09 | $128.08 | >-0.01% |
| Nov 06, 2024 | $102.01 | $114.69 | +12.43% |
| Jul 30, 2024 | $82.65 | $93.59 | +13.24% |
| May 02, 2024 | $66.58 | $76.87 | +15.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Howmet Aerospace Inc. (HWM) report earnings?
Howmet Aerospace Inc. (HWM) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Howmet Aerospace Inc. (HWM) earnings time?
Howmet Aerospace Inc. (HWM) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HWM EPS forecast?
HWM EPS forecast for the fiscal quarter 2025 (Q1) is 0.77.
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