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
Howmet Aerospace
Howmet Aerospace
Howmet Aerospace Revenue by Segment
Revenue by Segment
Engine Products Revenue
CapyFin.comFastening Systems Revenue
CapyFin.comEngineered Structures Revenue
CapyFin.comForged Wheels Revenue
CapyFin.com 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