Recap: Howmet Aerospace Q4 Earnings

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Shares of Howmet Aerospace HWM fell 4.1% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were down 60.38% year over year to $0.21, which beat the estimate of $0.17.

Revenue of $1,238,000,000 declined by 63.60% year over year, which beat the estimate of $1,230,000,000.

Guidance

Q1 EPS expected between $0.15 and $0.19.

Q1 revenue expected to be between $1,150,000,000 and $1,250,000,000.

How To Listen To The Conference Call

Date: Feb 03, 2021

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/wg2ip6ni

Technicals

Company's 52-week high was at $29.10

Company's 52-week low was at $9.87

Price action over last quarter: Up 8.78%

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.

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Posted In: EarningsBZI-Recaps
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