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AI English summary of an SEC filing — figures as filed

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Howmet Aerospace said fourth quarter Q4 2024 revenue was $1.9 billion, up 9% year over year, and net income was $314 million, or $0.77 per share, versus $236 million, or $0.57 per share, in the fourth quarter Q4 2023.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Howmet Aerospace said fourth quarter Q4 2024 revenue was $1.9 billion, up 9% year over year, and net income was $314 million, or $0.77 per share, versus $236 million, or $0.57 per share, in the fourth quarter Q4 2023.

  2. The company said full year 2024 revenue was $7.4 billion, up 12% year over year, and net income was $1.2 billion, or $2.81 per share, versus $765 million, or $1.83 per share, in 2023. Operating income margin was 22.0%.

  3. Howmet Aerospace said cash provided from operations in 2024 was $1.3 billion, cash used for financing activities was $1.0 billion, and cash used for investing activities was $316 million, with free cash flow of $977 million, representing 85% of net income.

  4. The company provided 2025 guidance of revenue $7.930B to $8.130B, adjusted EBITDA excluding special items $2.105B to $2.155B, and free cash flow $1.025B to $1.125B. It said it raised the midpoint of its revenue growth guidance to approximately 8% year over year.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 2024 Results: Revenue $1.9 billion, Net Income $314 million

Howmet Aerospace said fourth quarter Q4 2024 revenue was $1.9 billion, up 9% year over year, and net income was $314 million, or $0.77 per share, versus $236 million, or $0.57 per share, in the fourth quarter Q4 2023.

Source · Based on the filing body and exhibits

Full Year 2024 Results: Revenue $7.4 billion, Net Income $1.2 billion

The company said full year 2024 revenue was $7.4 billion, up 12% year over year, and net income was $1.2 billion, or $2.81 per share, versus $765 million, or $1.83 per share, in 2023. Operating income margin was 22.0%.

Source · Based on the filing body and exhibits

Full Year 2024 Cash Flow and Free Cash Flow $977 million

Howmet Aerospace said cash provided from operations in 2024 was $1.3 billion, cash used for financing activities was $1.0 billion, and cash used for investing activities was $316 million, with free cash flow of $977 million, representing 85% of net income.

Source · Based on the filing body and exhibits

Full Year 2025 Guidance: Revenue $7.930B to $8.130B, Free Cash Flow $1.025B to $1.125B

The company provided 2025 guidance of revenue $7.930B to $8.130B, adjusted EBITDA excluding special items $2.105B to $2.155B, and free cash flow $1.025B to $1.125B. It said it raised the midpoint of its revenue growth guidance to approximately 8% year over year.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.