Loading...
•
Jun 30, 2022
Howmet Aerospace Q2 2022 Earnings Report
reported second quarter 2022 results with commercial aerospace revenue up 34% year-over-year and EPS exceeding guidance.
Key Takeaways
Howmet Aerospace reported strong second quarter 2022 results, with revenue of $1.39 billion, up 17% year-over-year, driven by growth in the commercial aerospace market. Net income was $147 million, or $0.35 per share. The company generated $114 million in free cash flow and executed $60 million in share repurchases and $60 million in debt repurchases.
Revenue of $1.39 billion, up 17% year over year, driven by Commercial Aerospace, up 34% YoY
Net income of $147 million, or $0.35 per share, versus $74 million, or $0.17 per share, in the second quarter 2021
Net income excluding special items of $149 million, or $0.35 per share, versus $96 million, or $0.22 per share, in the second quarter 2021
Generated $158 million cash from operations; $114 million of free cash flow
Revenue by Segment
Forward Guidance
Howmet Aerospace provided guidance for Q3 2022 and full year 2022.
Positive Outlook
- Q3 2022 Revenue: $1.425B - $1.455B
- Q3 2022 Adj. Earnings per Share: $0.35 - $0.37
- Q3 2022 Adj. EBITDA: $320M - $331M
- FY 2022 Revenue: $5.645B - $5.715B
- FY 2022 Free Cash Flow: $625M - $675M
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
Loading earnings performance data...
Loading earnings reaction data...