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Jun 30, 2024
Howmet Aerospace Q2 2024 Earnings Report
Howmet Aerospace reported record quarterly revenue and operating income, driven by strong growth in the commercial aerospace market, and raised full year 2024 guidance.
Key Takeaways
Howmet Aerospace reported record second quarter 2024 revenue of $1.88 billion, up 14% year over year. Net income was $266 million, or $0.65 per share. Operating income was $398 million, up 40% year over year. The company raised full year 2024 guidance for all metrics.
Record quarterly revenue, up 14% year over year, driven by growth in the commercial aerospace market of 27%.
Operating income increased by 40% year over year.
Free cash flow was $342 million in the second quarter 2024.
Common stock repurchase authorization increased by $2 billion to $2.487 billion.
Revenue by Segment
Forward Guidance
Full year 2024 guidance raised for all metrics above second quarter 2024 beat.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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