HWM Q2 2023 Earnings — Howmet Aerospace Inc. Revenue & Financial Results | Market Cap Arena

HWMHowmet Aerospace Inc.

$103B

Q2 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$1.6B+18.3% YoY

Gross Profit

$385M23.4% margin

Operating Income

$288M17.5% margin

Net Income

$193M11.7% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

$229M

Free Cash Flow

$188M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$10.2B

Total Liabilities

$6.5B

Stockholders' Equity

$3.8B

Cash & Equivalents

$535M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.4B	+18.3%
Gross Profit	$385M	$341M	+12.9%
Operating Income	$288M	$249M	+15.7%
Net Income	$193M	$147M	+31.3%

Revenue Segments

Engine Products Segment

$826M50%

Fastening Systems

$329M20%

Wheel Systems

$298M18%

Structure Systems

$201M12%