Howmet Aerospace is a leading global provider of advanced engineered solutions primarily for the aerospace and transportation industries
The company designs and manufactures a wide range of innovative products, including airframe and engine components made from high-performance materials such as titanium and nickel-based alloys. Additionally, Howmet Aerospace specializes in the development of advanced manufacturing techniques and technologies to enhance efficiency and sustainability in its production processes. Its portfolio also extends to the production of fastening systems, which play a critical role in the assembly of aircraft and various other applications within the aerospace sector. With a commitment to innovation and performance, Howmet Aerospace supports the evolving needs of its customers in a rapidly changing market.
Howmet currently trades at $114.80 and has been a dream stock for shareholders. It’s returned 268% since December 2019, nearly tripling the S&P 500’s 91.9% gain. The company has also beaten the index over the past six months as its stock price is up 38% thanks to its solid quarterly results.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Howmet (NYSEHWM) and the best and worst performers in the aerospace industry.
Aerospace and defense company Howmet (NYSEHWM) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 10.7% year on year to $1.84 billion. Next quarter’s revenue guidance of $1.87 billion underwhelmed, coming in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.71 per share was 8.6% above analysts’ consensus estimates.
