Howmet Aerospace Hits New High on Q2 Beat, Raised Guidance, and Strong Cash Flow
HWM sits 74% above its 52-week low of $169.45.
Summary
Howmet Aerospace posted a strong Q2 beat with revenue of $2.55B (up 24% YoY) and adjusted EPS of $1.33, both above consensus. The company raised full-year guidance to EPS of $5.23-$5.31 and revenue of $10B-$10.1B, well above estimates. Operating cash flow reached $583M, and the company repurchased $300M in stock during the quarter plus another $200M in July, while also hiking the dividend 17%. Shares hit a new 52-week high intraday, reflecting broad strength across commercial aerospace, defense, and gas turbines. This follows the earlier Reuters report on the earnings release, adding granular segment data and capital return details that underscore the quarter's quality.
At the time of this announcement, HWM was trading at $295.38 on NYSE in the Manufacturing sector, with a market capitalization of approximately $118.2B. The 52-week trading range was $169.45 to $310.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.