Every material Form 8-K Howmet Aerospace filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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%.
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
Howmet Aerospace reported record second quarter 2024 revenue of $1.88 billion, up 14% year over year, and net income of $266 million, or $0.65 per share, versus $193 million, or $0.46 per share, a year earlier. The company raised full year 2024 guidance for all metrics, increased its share repurchase authorization by $2 billion to $2.487 billion, and raised the third quarter dividend 60% to $0.08 per share.
Q2 2024 revenue $1.88 billion, up 14%; commercial aerospace revenue up 27%
Net income $266 million, EPS $0.65, versus $0.46 in Q2 2023
Full year 2024 revenue guidance baseline $7.440 billion; adjusted EPS guidance baseline $2.55
Share repurchase authorization raised to $2.487 billion; Q3 dividend $0.08 per share, payable August 26, 2024
At its May 22, 2024 annual meeting, Howmet Aerospace shareholders approved an amended and restated stock incentive plan that extends the plan's term 10 years, to expire May 22, 2034. All 10 director nominees were elected to one-year terms, and the shareholder proposal on golden parachute votes was not approved.
Amended Stock Incentive Plan approved with 351,442,085 votes for and 9,962,240 against, extending its term to May 22, 2034
All 10 director nominees elected to one-year terms expiring at the 2025 annual meeting
Advisory say-on-pay vote approved with 353,928,748 votes for and 6,825,263 against
Shareholder golden parachute proposal not approved: 16,933,259 for and 344,673,034 against
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Howmet Aerospace filing is on SEC EDGAR ↗. 8-K briefs of other companies →