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Sep 30, 2021
Howmet Aerospace Q3 2021 Earnings Report
Howmet Aerospace delivered sequential revenue growth and raised adjusted EPS guidance.
Key Takeaways
Howmet Aerospace reported Q3 2021 results with revenue of $1.28 billion, up 13% year over year and 7% sequentially. Income from continuing operations was $27 million, or $0.06 per share, while income from continuing operations excluding special items was $120 million, or $0.27 per share. The company generated $115 million of adjusted free cash flow and ended the quarter with a cash balance of $726 million.
Revenue of $1.28 billion, up 13% year over year and up 7% sequentially
Operating income of $205 million, up 181% year over year
Generated $67 million cash from operations and $115 million of adjusted free cash flow
Cash balance at end of quarter of $726 million
Revenue by Segment
Forward Guidance
Howmet Aerospace expects revenue growth to continue in the fourth quarter 2021, and carry into 2022 and beyond.
Positive Outlook
- Revenue $1.295B
- Revenue $1.315B
- Revenue $1.325B
- Adj. Earnings per Share $0.27
- Adj. Earnings per Share $0.29
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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