Howmet Aerospace Q3 revenue up 11% to $1.84 billion; raises 2024 guidance
Howmet Aerospace reported third quarter 2024 revenue of $1.84 billion, up 11% year over year, and net income of $332 million, or $0.81 per share, versus $188 million, or $0.45 per share, a year earlier. The company raised its full year 2024 guidance for Adjusted EBITDA and adjusted earnings per share, and said it expects 2025 revenue to rise approximately 7.5%.
Key points
- Q3 2024 adjusted earnings per share excluding special items were $0.71, up 54% year over year
- Quarterly common stock dividend raised 60% to $0.08 per share; company expects a further 25% increase to $0.10 in Q1 2025, subject to Board approval
- Repurchased $100 million of common stock in Q3 2024 and another $90 million in October 2024, bringing October year-to-date repurchases to $400 million
- Redeemed $577 million of 6.875% notes due May 2025 after issuing $500 million of notes due 2031
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.