The company said Sales for Q3 2024 rose $177 (11%) from the same period a year earlier, to $1,835 from $1,658. Net income was $332 ($0.81 per diluted share), compared with $188 ($0.45 per share) a year earlier.

1. 01

   The company said Sales for Q3 2024 rose $177 (11%) from the same period a year earlier, to $1,835 from $1,658. Net income was $332 ($0.81 per diluted share), compared with $188 ($0.45 per share) a year earlier.

2. 02

   The company said Engine Products third-party sales rose $147 (18%) in Q3, and segment adjusted EBITDA rose $88 (40%). Forged Wheels third-party sales fell $40 (14%).

3. 03

   Howmet said quality control issues and a labor union work stoppage at Boeing are expected to weigh on narrow body and wide body production rates in the near term. It also said Boeing production levels have a material impact on Howmet's financial performance.

4. 04

   Howmet said operating cash flow for the first 9 months of 2024 was $818, compared with $443 a year earlier. It issued $500 of 4.850% notes due October 2031 in August 2024 and expects debt actions to reduce annual interest expense, net by about $33.

Key figures

Quarter ended September 30, 2024

Revenue

$1.8B

Operating income

$421M

Net income

$332M

EPS

$0.81

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

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