Shares of Howmet Aerospace HWM moved higher by 0.2% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were down 64.52% over the past year to $0.22, which beat the estimate of $0.19.
Revenue of $1,209,000,000 declined by 62.32% from the same period last year, which missed the estimate of $1,220,000,000.
Guidance
Q2 EPS expected to be between $0.19 and $0.21.
Q2 revenue expected to be between $1,170,000,000 and $1,230,000,000.
Conference Call Details
Date: May 06, 2021
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/tfkneo48
Recent Stock Performance
52-week high: $33.42
52-week low: $9.87
Price action over last quarter: Up 18.36%
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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