The company said its Q2 2024 sales rose $232 (14%) to $1,880 from $1,648 a year earlier. It cited higher volumes in the commercial aerospace, defense aerospace, and industrial and other markets, along with favorable product pricing, as the main factors.

1. 01

   The company said its Q2 2024 sales rose $232 (14%) to $1,880 from $1,648 a year earlier. It cited higher volumes in the commercial aerospace, defense aerospace, and industrial and other markets, along with favorable product pricing, as the main factors.

2. 02

   Howmet Aerospace said net income for Q2 2024 was $266 ($0.65 per diluted share), up $73 from $193 ($0.46 per share) a year earlier. The company cited higher volumes, favorable product pricing, and lower interest expense from reduced long-term debt as the main factors.

3. 03

   The company said operating cash flow for the first 6 months of 2024 was $574, compared with $252 a year earlier, an increase of $322. It cited higher operating results of $217 and lower working capital of $111 as the main factors.

4. 04

   The company said its Board of Directors declared a dividend of $0.08 per share on July 30, 2024, an increase of 60% from the Q2 2024 dividend of $0.05. It also said it redeemed the remaining outstanding principal of $205 of its 5.125% Notes early on July 1.

Key figures

Quarter ended June 30, 2024

Revenue

$1.9B

Operating income

$398M

Net income

$266M

EPS

$0.65

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.