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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