HWM Q1 2023 Earnings — Howmet Aerospace Inc. Revenue & Financial Results | Market Cap Arena

HWMHowmet Aerospace Inc.

$103B

Q1 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$1.6B+21.1% YoY

Gross Profit

$374M23.3% margin

Operating Income

$290M18.1% margin

Net Income

$148M9.2% margin

EPS (Diluted)

$0.35

QoQ Revenue Growth

+5.9%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

-$41M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$10.2B

Total Liabilities

$6.4B

Stockholders' Equity

$3.8B

Cash & Equivalents

$537M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.3B	+21.1%
Gross Profit	$374M	$313M	+19.5%
Operating Income	$290M	$237M	+22.4%
Net Income	$148M	$131M	+13.0%

Revenue Segments

Engine Products Segment

$797M50%

Fastening Systems

$312M19%

Wheel Systems

$289M18%

Structure Systems

$207M13%