HWM Q1 2024 Earnings — Howmet Aerospace Inc. Revenue & Financial Results | Market Cap Arena

HWMHowmet Aerospace Inc.

$103B

Q1 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$1.8B+13.8% YoY

Gross Profit

$467M25.6% margin

Operating Income

$369M20.2% margin

Net Income

$243M13.3% margin

EPS (Diluted)

$0.59

QoQ Revenue Growth

+5.4%

Cash Flow

Operating Cash Flow

$177M

Free Cash Flow

$95M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$10.4B

Total Liabilities

$6.3B

Stockholders' Equity

$4.1B

Cash & Equivalents

$534M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$1.6B	+13.8%
Gross Profit	$467M	$374M	+24.9%
Operating Income	$369M	$290M	+27.2%
Net Income	$243M	$148M	+64.2%

Revenue Segments

Engine Products Segment

$887M49%

Fastening Systems

$389M21%

Wheel Systems

$288M16%

Structure Systems

$263M14%