Howmet Aerospace Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
HWM$205.81+2.4%Stored close · as of Nov 6, 2026
Contents
Statement of Consolidated Operations for the First Quarter Ended March, 202 and
Statement of Consolidated Operations (unaudited)
(in millions, except per-share amounts)
| First quarter ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Sales (C) | $1,824 | $1,603 |
| Cost of goods sold (exclusive of expenses below) | 1,290 | 1,164 |
| Selling, general administrative, and other expenses | 88 | 75 |
| Research and development expenses | 10 | 9 |
| Provision for depreciation and amortization | 67 | 69 |
| Restructuring and other charges (D) | — | 1 |
| Operating income | 369 | 285 |
| Loss on debt redemption (N) | — | 1 |
| Interest expense, net | 49 | 57 |
| Other expense, net (F) | 17 | 7 |
| Income before income taxes | 303 | 220 |
| Provision for income taxes (G) | 60 | 72 |
| Net income | $243 | $148 |
| Amounts Attributable to Howmet Aerospace Common Shareholders (H): | ||
| Net income | $242 | $147 |
| Earnings per share: | ||
| Basic | $0.59 | $0.36 |
| Diluted | $0.59 | $0.35 |
| Average Shares Outstanding (H): | ||
| Basic | 410 | 412 |
| Diluted | 412 | 418 |
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