Howmet Aerospace Full Year 2024 Earnings: EPS Beats Expectations

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editorial-team@simplywallst.com (Simply Wall St)

Sat, Feb 15, 2025, 6:18 AM 1 min read

Howmet Aerospace (NYSE:HWM) Full Year 2024 Results

Key Financial Results

Revenue: US$7.43b (up 12% from FY 2023).
Net income: US$1.15b (up 51% from FY 2023).
Profit margin: 16% (up from 12% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$2.83 (up from US$1.85 in FY 2023).

revenue-and-expenses-breakdown — NYSE:HWM Revenue and Expenses Breakdown February 15th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Howmet Aerospace EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%.

The primary driver behind last 12 months revenue was the Engine Products segment contributing a total revenue of US$3.74b (50% of total revenue). Notably, cost of sales worth US$5.12b amounted to 69% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$501.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how HWM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Aerospace & Defense industry in the US.

Performance of the American Aerospace & Defense industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Howmet Aerospace.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.