Howmet Aerospace Inc.
Howmet Aerospace Reports Record Q1 2024 Results and Increases Guidance
Summary
Howmet Aerospace reported record first quarter 2024 revenue of $1.82 billion, up 14% year over year, driven by growth in the commercial aerospace market. Net income was $243 million, or $0.59 per share, compared to $148 million, or $0.35 per share, in the first quarter 2023. The company also announced an increase in full-year 2024 revenue guidance, from $7.225 billion to $7.375 billion, and plans to increase the quarterly common stock dividend to $0.07 per share starting Q3 2024, subject to Board approval.
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About Howmet Aerospace Inc.
Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace industry. With a focus on high-performance multi-material products, the company plays a critical role in enhancing the efficiency, reliability, and safety of both commercial and military aircraft. Howmet Aerospace specializes in manufacturing precision parts such as jet engine components, fasteners, and titanium structural parts, serving major aerospace manufacturers and defense companies worldwide. The firm's technological expertise and innovation in materials science allow it to contribute significantly to advancements in aircraft design and performance. Headquartered in Pittsburgh, Pennsylvania, Howmet Aerospace operates through various plants and facilities around the world, evidencing its significant footprint and influence in the aerospace sector. Its products are integral to modern aircraft, underscoring its vital role in driving forward aerospace engineering and manufacturing capabilities.
Official SEC Documents
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