Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Gunner Smith was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
Howmet Aerospace Board Approves Common Stock Dividend, Payable on May 26, 2026 Howmet Aerospace Inc. declared a dividend of 12 cents per share on the outstanding Common Stock of the Company, to be paid on May 26, 2026, to the holders of record of the Common Stock at the close of business on May 8, 2026. Announcement • Apr 14
Howmet Aerospace Inc. Appoints Jonathan Arena as Executive Vice President, Chief Legal and Compliance Officer and Secretary Howmet Aerospace Inc. announced on April 13, 2026, that Jonathan Arena has joined Howmet as Executive Vice President, Chief Legal and Compliance Officer and Secretary. He will also serve on the Howmet Aerospace Executive Leadership Team, the senior leadership team that sets strategic direction for the company. Jon most recently was Vice President and Chief Counsel at Huntington Ingalls Industries, Newport News Shipbuilding Division. Prior to Huntington Ingalls Industries, he held senior legal roles at The Boeing Company and the National Aeronautics and Space Administration (NASA). He holds degrees from The Ohio State University, Washington University in St. Louis and William & Mary law school. Announcement • Apr 09
Howmet Aerospace Inc. to Report Q1, 2026 Results on May 07, 2026 Howmet Aerospace Inc. announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on May 07, 2026 Announcement • Feb 12
Howmet Aerospace Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2026 Howmet Aerospace Inc. provided earnings guidance for the First quarter and Fiscal Year 2026. For the quarter, the company expects revenue in the range of $2.225 Billion to $2.245 Billion, with baseline of $2.235 billion.
For the Fiscal Year 2026, the company expected revenue of approximately $9 billion to $9.2 billion, with baseline of $9.1 billion. Announcement • Jan 20
Howmet Aerospace Inc. Declares Common Stock Dividend, Payable on February 25, 2026 The Board of Directors of Howmet Aerospace Inc. declared a dividend of 12 cents per share on the outstanding Common Stock of the Company, to be paid on February 25, 2026, to the holders of record of the Common Stock at the close of business on February 6, 2026. Announcement • Jan 15
Howmet Aerospace Inc. to Report Q4, 2025 Results on Feb 12, 2026 Howmet Aerospace Inc. announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Feb 12, 2026 Buy Or Sell Opportunity • Jan 09
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €187. The fair value is estimated to be €151, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Dec 22
Howmet Aerospace Inc. (NYSE:HWM) entered into a definitive agreement to acquire Consolidated Aerospace Manufacturing, LLC from Stanley Black & Decker, Inc. (NYSE:SWK) for $1.8 billion. Howmet Aerospace Inc. (NYSE:HWM) entered into a definitive agreement to acquire Consolidated Aerospace Manufacturing, LLC from Stanley Black & Decker, Inc. (NYSE:SWK) for $1.8 billion on December 22, 2025. The cash purchase price of $1.805 billion is subject to customary adjustments. Upon closing the transaction, the Company expects to avoid earnings per share dilution and expects the after-tax proceeds to be in the range of $1.525 billion to $1.6 billion. Stanley Black & Decker expects to utilize the net cash proceeds of the transaction to reduce debt. The combination of synergies and the aforementioned tax benefit is expected to result in a FY 2026 adjusted EBITDA transaction multiple of approximately 13x.
Until the transaction closes, the results of CAM will remain in continuing operations and will not be reclassified as discontinued operations. The transaction is expected to close in the first half of 2026 and is subject to regulatory approval and other customary closing conditions.
J.P. Morgan Securities LLC is serving as financial advisor to Howmet Aerospace, and Kyle Harris, Glenn McGrory, Partners Brian Byrne, Puja Patel, Christopher Cook, Jackie Holland, Niamh Martyn, Giuseppe Scassellati-Sforzolini, John Messent, Vladimir Novak, Francesco Iodice, Craig Brod, Francesca Odell, Meme Peponis, Catherine Grimm, Nina Bell, Julia Petty, Daniel Ilan, Gabriela Landolfo, Beau Sterling, Meyer Fedida, Maureen Linch, Cindy Resnick, Chase Kaniecki, James Corsiglia of Cleary Gottlieb Steen & Hamilton LLP is serving as legal counsel. Announcement • Aug 21
Lola F. Lin Intends to Resign as Executive Vice President, Chief Legal and Compliance Officer and Secretary of Howmet Aerospace Inc., Effective September 5, 2025 Howmet Aerospace Inc. announced that on August 15, 2025, Lola F. Lin, Executive Vice President, Chief Legal and Compliance Officer and Secretary, notified the company of her intention to resign from the Company, effective as of September 5, 2025, to pursue another opportunity. Until a successor is appointed, the Legal and Compliance teams will report to Neil E. Marchuk, Executive Vice President and Chief Administrative Officer. Announcement • Jul 30
Howmet Aerospace Inc. Board Approves Common Stock Dividends, Payable on August 25, 2025 The Board of Directors of Howmet Aerospace Inc. declared a dividend of 12 cents per share on the outstanding Common Stock of the Company, to be paid on August 25, 2025 to the holders of record of the Common Stock at the close of business on August 8, 2025. Announcement • Jul 10
Howmet Aerospace Inc. to Report Q2, 2025 Results on Jul 31, 2025 Howmet Aerospace Inc. announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Jul 31, 2025 Announcement • Apr 18
Howmet Aerospace Inc., Annual General Meeting, May 28, 2025 Howmet Aerospace Inc., Annual General Meeting, May 28, 2025. Announcement • Feb 15
Howmet Aerospace Inc. Provides Earnings Guidance First Quarter and Full Year 2025 Howmet Aerospace Inc. provided earnings guidance first quarter and full year 2025. For the quarter, the company expects revenue in the range of $1.925 billion - $1.935 Billion.
For the year, the company expects revenue in the range of $7.930 Billion - $8.030 Billion. Announcement • Jan 28
Howmet Aerospace Inc. Declares Common Stock Dividend, Payable on February 25, 2025 Howmet Aerospace Inc. Board of Directors declared a dividend of 10 cents per share on the outstanding Common Stock of the Company, to be paid on February 25, 2025 to the holders of record of the Common Stock at the close of business on February 7, 2025. Announcement • Jan 16
Howmet Aerospace Inc. to Report Q4, 2024 Results on Feb 13, 2025 Howmet Aerospace Inc. announced that they will report Q4, 2024 results at 7:00 AM, US Eastern Standard Time on Feb 13, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.81 (vs US$0.45 in 3Q 2023) Third quarter 2024 results: EPS: US$0.81 (up from US$0.45 in 3Q 2023). Revenue: US$1.84b (up 11% from 3Q 2023). Net income: US$331.0m (up 77% from 3Q 2023). Profit margin: 18% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 07
Howmet Aerospace Inc. Provides Earnings Guidance for the Fourth Quarter and Year 2024 and Provides Revenue Guidance for the Year 2025 Howmet Aerospace Inc. provided earnings guidance for the fourth quarter and year 2024 and provided revenue guidance for the year 2025. For the quarter, the company expects Revenue to be low of $1.850 Billion - Baseline of $1.870 Billion - High of $1.890 Billion.
For the year, the company expects Revenue to be low of $7.390 Billion - Baseline of $7.410 Billion - High of $7.430 Billion.
2025 Preliminary Revenue Guidance: Up Approximately 7.5% Year over Year. Upcoming Dividend • Nov 01
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 08 November 2024. Payment date: 25 November 2024. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.0%). Announcement • Oct 10
Howmet Aerospace Inc. to Report Q3, 2024 Results on Nov 06, 2024 Howmet Aerospace Inc. announced that they will report Q3, 2024 results at 7:00 AM, US Eastern Standard Time on Nov 06, 2024 Declared Dividend • Sep 29
Second quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 8th November 2024 Payment date: 25th November 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 13%. Recent Insider Transactions • Aug 25
Executive VP & CFO recently sold €13m worth of stock On the 22nd of August, Kenneth Giacobbe sold around 155k shares on-market at roughly €86.95 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months. Declared Dividend • Aug 05
Second quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 9th August 2024 Payment date: 26th August 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 13%. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$0.65 (vs US$0.47 in 2Q 2023) Second quarter 2024 results: EPS: US$0.65 (up from US$0.47 in 2Q 2023). Revenue: US$1.88b (up 14% from 2Q 2023). Net income: US$265.0m (up 37% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 47% per year. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €86.86, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 22x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 219% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €159 per share. Announcement • Jul 30
Howmet Aerospace Board Approves Common Stock Dividends, Payable on August 26, 2024 The Board of Directors of Howmet Aerospace Inc. declared a dividend of 8 cents per share on the outstanding Common Stock of the Company, to be paid on August 26, 2024 to the holders of record of the Common Stock at the close of business on August 9, 2024. Announcement • Jul 10
Howmet Aerospace Inc. to Report Q2, 2024 Results on Jul 30, 2024 Howmet Aerospace Inc. announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Jul 30, 2024 Recent Insider Transactions • Jun 06
Insider recently sold €2.5m worth of stock On the 3rd of June, Neil Marchuk sold around 33k shares on-market at roughly €77.40 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €9.0m more than they bought in the last 12 months. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.59 (vs US$0.36 in 1Q 2023) First quarter 2024 results: EPS: US$0.59 (up from US$0.36 in 1Q 2023). Revenue: US$1.82b (up 14% from 1Q 2023). Net income: US$243.0m (up 65% from 1Q 2023). Profit margin: 13% (up from 9.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 29
Fourth quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 9th May 2024 Payment date: 28th May 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 12%. Announcement • Apr 27
Howmet Aerospace Inc. Approves Common Stock Dividend, Payable on May 28, 2024 The Board of Directors of Howmet Aerospace Inc. declared a dividend of 5 cents per share on the outstanding Common Stock of the Company, to be paid on May 28, 2024 to the holders of record of the Common Stock at the close of business on May 10, 2024. Announcement • Apr 11
Howmet Aerospace Inc. to Report Q1, 2024 Results on May 02, 2024 Howmet Aerospace Inc. announced that they will report Q1, 2024 results at 7:00 AM, US Eastern Standard Time on May 02, 2024 Announcement • Apr 09
Howmet Aerospace Inc., Annual General Meeting, May 22, 2024 Howmet Aerospace Inc., Annual General Meeting, May 22, 2024, at 12:00 US Eastern Standard Time. Agenda: To consider Election of ten Directors to Serve a One-Year Term Expiring at the 2025 Annual Meeting of Shareholder; to consider Ratification of Appointment of PricewaterhouseCoopers LLP as the Company’s Independent; to consider Registered Public Accounting Firm for 2024; to consider Shareholder Proposal regarding Shareholder Opportunity to Vote on Excessive Golden Parachutes, if properly presented; and to consider other matters. Announcement • Mar 26
Howmet Aerospace Appoints Johan Wall as President, Engineered Structures, Effective April 8, 2024 Effective April 8, 2024, Johan (John) Wall will join Howmet Aerospace as President, Engineered Structures. In this role, John will have responsibility for all Engineered Structures employees and locations globally. John will be based in Cleveland, OH, and will report directly to John Plant, Executive Chairman and Chief Executive Officer. John was most recently with Precision Castparts as President for its Aerostructures business. During his 17-year tenure with PCC, John held roles of progressive accountability including Regional Vice President of PCC Aerostructures, General Manager – Aerospace Dynamics International, General Manager – Centra Industries, Director of Sales – Centra Industries, and Director of Quality – Centra Industries. Prior to PCC, he worked for Linamar Automotive for nine years in various quality roles of increasing responsibility. John holds a bachelor’s degree in mathematics from the University of Waterloo, Canada. Recent Insider Transactions • Mar 05
Executive VP recently sold €2.8m worth of stock On the 4th of March, Neil Marchuk sold around 45k shares on-market at roughly €62.09 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.8m more than they bought in the last 12 months. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: US$1.86 (vs US$1.12 in FY 2022) Full year 2023 results: EPS: US$1.86 (up from US$1.12 in FY 2022). Revenue: US$6.64b (up 17% from FY 2022). Net income: US$765.0m (up 64% from FY 2022). Profit margin: 12% (up from 8.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 01
Upcoming dividend of US$0.05 per share at 0.4% yield Eligible shareholders must have bought the stock before 08 February 2024. Payment date: 26 February 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (1.4%). Declared Dividend • Jan 28
Third quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 8th February 2024 Payment date: 26th February 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 12%. Announcement • Jan 25
Howmet Aerospace Inc. Declares Dividend, Payable on February 26, 2024 The Board of Directors of Howmet Aerospace Inc. declared a dividend of 5 cents per share on the outstanding Common Stock of the Company, to be paid on February 26, 2024, to the holders of record of the Common Stock at the close of business on February 9, 2024. Announcement • Jan 17
Howmet Aerospace Inc. to Report Q4, 2023 Results on Feb 13, 2024 Howmet Aerospace Inc. announced that they will report Q4, 2023 results at 7:00 AM, US Eastern Standard Time on Feb 13, 2024 Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$0.46 (vs US$0.19 in 3Q 2022) Third quarter 2023 results: EPS: US$0.46 (up from US$0.19 in 3Q 2022). Revenue: US$1.66b (up 16% from 3Q 2022). Net income: US$188.0m (up 138% from 3Q 2022). Profit margin: 11% (up from 5.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 44% per year. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.05 per share at 0.4% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (1.6%). Announcement • Oct 13
Howmet Aerospace Inc. to Report Q3, 2023 Results on Nov 02, 2023 Howmet Aerospace Inc. announced that they will report Q3, 2023 results at 7:00 AM, US Eastern Standard Time on Nov 02, 2023 Announcement • Oct 01
Howmet Aerospace Elects Gunner Smith to Board of Directors Howmet Aerospace Inc. announced that its Board of Directors has elected Gunner Smith, President – Roofing, Owens Corning, to serve as an independent director on the Board, effective September 29, 2023. Mr. Smith is currently the President of Owens Corning’s roofing business. He became a member of the Executive Committee of Owens Corning in August 2018. Prior to 2018, Mr. Smith served as the Vice President of Distribution and Home Center Sales for the roofing business at Owens Corning. From 2008 to 2018, he held various positions leading sales, marketing and pricing efforts for that business. Before joining Owens Corning, Mr. Smith was the National Sales Manager for the Georgia-Pacific brand at PlyGem Siding Group. Mr. Smith holds a Bachelor of Business Administration from Mississippi State University and pursued continuous education from The University of Chicago Booth, UNC Kenan-Flagler Business School, and Texas McCombs School of Business. Announcement • Sep 29
Howmet Aerospace Declares Quarterly Common Stock Dividend, Payable on November 27, 2023 Howmet Aerospace declared a quarterly dividend of 5 cents per share on the outstanding Common Stock of the Company, to be paid on November 27, 2023, dividend represents a 25% increase from the third quarter 2023 dividend of 4 cents per share. Recent Insider Transactions • Aug 13
Insider recently sold €3.6m worth of stock On the 9th of August, Neil Marchuk sold around 80k shares on-market at roughly €45.59 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$0.47 (vs US$0.35 in 2Q 2022) Second quarter 2023 results: EPS: US$0.47 (up from US$0.35 in 2Q 2022). Revenue: US$1.65b (up 18% from 2Q 2022). Net income: US$193.0m (up 31% from 2Q 2022). Profit margin: 12% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 27
Upcoming dividend of US$0.04 per share at 0.3% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.5%). Announcement • Jul 15
Howmet Aerospace Approves Common Stock Dividend, Payable on August 25, 2023 The Board of Directors of Howmet Aerospace Inc. declared a dividend of 4 cents per share on the outstanding Common Stock of the Company, to be paid on August 25, 2023, to the holders of record of the Common Stock at the close of business on August 4, 2023. Announcement • Jul 12
Howmet Aerospace Inc. to Report Q2, 2023 Results on Aug 01, 2023 Howmet Aerospace Inc. announced that they will report Q2, 2023 results on Aug 01, 2023 Announcement • Jun 25
Howmet Aerospace Inc.(NYSE:HWM) dropped from Russell 1000 Growth Index Howmet Aerospace Inc.(NYSE:HWM) dropped from Russell 1000 Growth Index Reported Earnings • May 02
First quarter 2023 earnings released: EPS: US$0.36 (vs US$0.31 in 1Q 2022) First quarter 2023 results: EPS: US$0.36 (up from US$0.31 in 1Q 2022). Revenue: US$1.60b (up 21% from 1Q 2022). Net income: US$148.0m (up 14% from 1Q 2022). Profit margin: 9.2% (in line with 1Q 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Apr 17
Now 20% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be €48.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Recent Insider Transactions • Mar 09
Executive VP recently sold €2.3m worth of stock On the 6th of March, Neil Marchuk sold around 57k shares on-market at roughly €40.83 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions • Feb 24
Executive VP & CFO recently sold €4.5m worth of stock On the 16th of February, Kenneth Giacobbe sold around 111k shares on-market at roughly €40.35 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months. Announcement • Feb 15
Howmet Aerospace Inc. Provides Revenue Guidance for the First Quarter and Full Year of 2023 Howmet Aerospace Inc. provided revenue guidance for the first quarter and full year of 2023. For the year 2023, the company expects revenue to be between $6.00 billion Low range to $6.100 billion Medium range to $6.200 billion High range.For the first quarter of 2023, the company expects revenue to be between $1.475 billion Low range to $1.500 billion Medium range to $1.525 billion High range. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: US$1.13 (vs US$0.59 in FY 2021) Full year 2022 results: EPS: US$1.13 (up from US$0.59 in FY 2021). Revenue: US$5.66b (up 14% from FY 2021). Net income: US$469.0m (up 83% from FY 2021). Profit margin: 8.3% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jan 28
Howmet Aerospace Inc. Board Approves Common Dividend, Payable on February 27, 2023 The Board of Directors of Howmet Aerospace Inc. declared a dividend of 4 cents per share on the outstanding Common Stock of the Company, to be paid on February 27, 2023, to the holders of record of the Common Stock at the close of business on February 10, 2023. Announcement • Jan 14
Howmet Aerospace Inc. to Report Q4, 2022 Results on Feb 14, 2023 Howmet Aerospace Inc. announced that they will report Q4, 2022 results at 7:00 AM, US Eastern Standard Time on Feb 14, 2023 Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sharon Barner was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 01
Third quarter 2022 earnings released: EPS: US$0.19 (vs US$0.061 in 3Q 2021) Third quarter 2022 results: EPS: US$0.19 (up from US$0.061 in 3Q 2021). Revenue: US$1.43b (up 12% from 3Q 2021). Net income: US$80.0m (up 208% from 3Q 2021). Profit margin: 5.6% (up from 2.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 27
Upcoming dividend of US$0.04 per share Eligible shareholders must have bought the stock before 03 November 2022. Payment date: 25 November 2022. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (1.4%). Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.35 (vs US$0.17 in 2Q 2021) Second quarter 2022 results: EPS: US$0.35 (up from US$0.17 in 2Q 2021). Revenue: US$1.39b (up 17% from 2Q 2021). Net income: US$147.0m (up 101% from 2Q 2021). Profit margin: 11% (up from 6.1% in 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Upcoming Dividend • Jul 28
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 8.3% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (1.4%). Reported Earnings • May 04
First quarter 2022 earnings released: EPS: US$0.31 (vs US$0.18 in 1Q 2021) First quarter 2022 results: EPS: US$0.31 (up from US$0.18 in 1Q 2021). Revenue: US$1.32b (up 9.5% from 1Q 2021). Net income: US$131.0m (up 66% from 1Q 2021). Profit margin: 9.9% (up from 6.5% in 1Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 30% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Board Change • Apr 28
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sharon Barner was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$0.60 (up from US$0.48 in FY 2020). Revenue: US$4.97b (down 5.5% from FY 2020). Net income: US$258.0m (up 23% from FY 2020). Profit margin: 5.2% (up from 4.0% in FY 2020). Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 13%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Upcoming Dividend • Jan 27
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 03 February 2022. Payment date: 25 February 2022. Payout ratio is a comfortable 3.0% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (1.6%). Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS US$0.061 (vs US$0.08 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$1.28b (up 13% from 3Q 2020). Net income: US$26.0m (down 26% from 3Q 2020). Profit margin: 2.0% (down from 3.1% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Oct 28
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 04 November 2021. Payment date: 25 November 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.6%). Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS US$0.17 (vs US$0.19 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$1.20b (down 4.6% from 2Q 2020). Net income: US$74.0m (up US$158.0m from 2Q 2020). Profit margin: 6.2% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 29
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 05 August 2021. Payment date: 25 August 2021. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.5%). Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$0.18 (vs US$0.35 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.21b (down 26% from 1Q 2020). Net income: US$80.0m (down 47% from 1Q 2020). Profit margin: 6.6% (down from 9.3% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. 
