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Dec 31, 2021

Howmet Aerospace Q4 2021 Earnings Report

Reported improved margins and strong cash generation, with ~$845 million in debt reduction and $430 million in share repurchases.

Key Takeaways

Howmet Aerospace reported Q4 2021 revenues of $1.3 billion, a 4% increase year-over-year, driven by growth in commercial aerospace and transportation markets. Income from continuing operations was $77 million, or $0.18 per share, while income from continuing operations excluding special items was $130 million, or $0.30 per share. The company generated $242 million of adjusted free cash flow and ended the quarter with a cash balance of $722 million.

Revenue increased by 4% year over year, reaching $1.3 billion.

Income from continuing operations was $77 million, or $0.18 per share.

Income from continuing operations excluding special items was $130 million, or $0.30 per share.

Adjusted free cash flow was $242 million.

Total Revenue
$1.29B
Previous year: $1.24B
+3.8%
EPS
$0.3
Previous year: $0.21
+42.9%
Gross Profit
$347M
Cash and Equivalents
$720M
Previous year: $1.61B
-55.3%
Free Cash Flow
$242M
Total Assets
$10.2B

Howmet Aerospace

Howmet Aerospace

Howmet Aerospace Revenue by Segment

Forward Guidance

Howmet Aerospace anticipates accelerating revenue growth through 2022 following a flat first quarter 2022 relative to fourth quarter 2021.