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Jun 30, 2021
Howmet Aerospace Q2 2021 Earnings Report
Howmet Aerospace delivered solid results, exceeding profit and margin guidance, driven by strong demand in commercial transportation and industrial markets, despite the impact of COVID-19 on the commercial aerospace market.
Key Takeaways
Howmet Aerospace reported Q2 2021 revenues of $1.20 billion, a decrease of 5% year-over-year. Income from continuing operations was $74 million, or $0.17 per share, compared to a loss of $84 million, or $0.19 per share, in Q2 2020. Operating income was $207 million, up 180% year-over-year. The company generated $164 million of adjusted free cash flow and ended the quarter with a cash balance of $716 million.
Revenue of $1.20 billion, down only 5% year over year
Income from continuing operations of $74 million, or $0.17 per share, versus loss from continuing operations of $84 million, or $0.19 per share, in the second quarter 2020
Operating income of $207 million, up 180% year over year
Generated $85 million cash from operations and $164 million of adjusted free cash flow
Revenue by Segment
Forward Guidance
Howmet Aerospace issued Third Quarter 2021 Guidance: Revenue $1.28-$1.32 billion with an outlook of $1.30 billion; Adjusted EBITDA $285-$305 million with an outlook of $295 million; Earnings Per Share Excluding Special Items $0.23-$0.27 with an outlook of $0.25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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