Recap: Howmet Aerospace Q3 Earnings

Shares of Howmet Aerospace HWM were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share fell 94.83% year over year to $0.03, which missed the estimate of $0.05.

Revenue of $1,134,000,000 declined by 68.14% year over year, which beat the estimate of $1,120,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 09, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/p8mgecu6

Recent Stock Performance

Company's 52-week high was at $19.16

Company's 52-week low was at $9.87

Price action over last quarter: Up 11.14%

Company Overview

Howmet Aerospace derives the vast majority of its revenue supplying specialty metals to the aerospace and defense end market, although it has a smaller presence in certain other end markets as well. Despite emerging from an aluminum-centric parent company, only 20% of its volumes are aluminum products. Instead, superalloys constitute roughly 60% of volumes and titanium products account for the balance. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.