Howmet Aerospace Q2 2021 Earnings Report
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
Howmet Aerospace
Howmet Aerospace
Howmet Aerospace 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.