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Howmet Aerospace Inc. (HWM), NatWest Group plc (NWG), 1st Source Corporation (SRCE) and Kellanova (K) recently hiked dividends.
French jet engine maker Safran on Wednesday named U.S. contractor Howmet Aerospace as the supplier of parts at the centre of industrial issues that led to a slowdown of engine production and curtailed deliveries of Airbus jets.
The headline numbers for Howmet (HWM) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Howmet's (HWM) second-quarter 2024 revenues increase 14%, driven by an improved commercial aerospace market.
Howmet Aerospace Inc. (NYSE:HWM ) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Paul Luther - Vice President of Investor Relations John Plant - Executive Chairman and Chief Executive Officer Ken Giacobbe - Executive Vice President and Chief Financial Officer Conference Call Participants Douglas Harned - Bernstein Kristine Liwag - Morgan Stanley Seth Seifman - JPMorgan Chase & Co. David Strauss - Barclays Bank PLC Myles Walton - Wolfe Research, LLC Sheila Kahyaoglu - Jefferies LLC Scott Mikus - Melius Research LLC Noah Poponak - Goldman Sachs Group, Inc. Gautam Khanna - TD Cowen Ronald Epstein - Bank of America Merrill Lynch Operator Good day, and welcome to the Howmet Aerospace Second Quarter of 2024 Earnings Call. Please note that today's event is being recorded and all participants will be in a listen-only mode.
Howmet Aerospace Inc.'s stock soared 15% Tuesday to lead S&P 500 gainers after the maker of parts for airplanes posted better-than-expected second-quarter earnings, raised its full-year guidance and bolstered its shareholder returns program.
Howmet easily topped expectations for the quarter, and set full-year guidance above estimates. The company is benefitting from strong demand for commercial aerospace components.
Tuesday morning, Howmet posted a beat-and-raise quarter showing investors, once again, that the commercial aerospace industry is humming.
Howmet (HWM) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.44 per share a year ago.
Howmet Aerospace delivered strong earnings and guidance, and hiked its dividend and buyback. The Boeing supplier is breaking out.