Howmet Aerospace Inc.

10-K & 10-Q Filings

Howmet Aerospace Inc. is a Delaware corporation with its principal office in Pittsburgh, Pennsylvania. The company was previously known as Arconic Inc., which was formed in 1888 and was previously known as Alcoa Inc. Howmet is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. Its primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components for mission-critical performance and efficiency in aerospace and defense applications, as well as forged aluminum wheels for commercial transportation. Howmet operates in 20 countries, with North America and Europe generating 70% and 23%, respectively, of its sales in 2023. The company has four reportable segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. Howmet's website is http://www.howmet.com, and its ticker symbol is not provided in the text.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$24951.00
23700.00
23032.00
23906.00
22534.00
12394.00
12960.00
14014.00
14192.00
5259.00
4972.00
5663.00
6640.00
1603.00
1824.00
-10.44%13.79%Cost of Revenue (-)
$21959.00
21946.00
20707.00
20508.00
1280.00
535.00
551.00
11227.00
3878.00
3596.00
4103.00
4773.00
1164.00
1290.00
-11.94%10.82%Gross Profit (+)
$2992.00
1754.00
2325.00
3398.00
21254.00
11859.00
12409.00
2965.00
1381.00
1376.00
1560.00
1867.00
439.00
534.00
-3.85%21.64%Selling, General & Administrative (-)
$1027.00
997.00
1008.00
995.00
979.00
942.00
731.00
604.00
704.00
277.00
251.00
288.00
333.00
75.00
88.00
-8.96%17.33%Research & Development (-)
$184.00
197.00
192.00
218.00
238.00
132.00
111.00
103.00
70.00
17.00
17.00
32.00
36.00
9.00
10.00
-12.71%11.11%Depreciation & Amortization (-)
$
576.00
536.00
279.00
270.00
265.00
272.00
69.00
67.00
-2.90%Non-recurring Operating Expenses (-)
$281.00
87.00
2513.00
1168.00
1370.00
155.00
884.00
9.00
620.00
182.00
90.00
56.00
1.00
Operating Expenses (-)
$1492.00
1281.00
3713.00
2381.00
21006.00
11445.00
12083.00
1292.00
1930.00
755.00
628.00
641.00
641.00
154.00
165.00
-6.80%7.14%Costs & Expenses (Total) (-)
$23451.00
23227.00
24848.00
23409.00
22286.00
11980.00
12634.00
12689.00
13157.00
4633.00
4224.00
4744.00
5414.00
1318.00
1455.00
-11.50%10.39%Operating Income/Loss (+)
$1500.00
473.00
-1816.00
497.00
248.00
414.00
326.00
1325.00
1035.00
626.00
748.00
919.00
1203.00
285.00
369.00
-1.82%29.47%Non-operating Income/Expense (+)
$87.00
341.00
25.00
-47.00
-2.00
94.00
640.00
-79.00
-122.00
-74.00
-165.00
-84.00
-10.00
-8.00
-17.00
-112.50%Interest Expense (-)
$524.00
490.00
453.00
473.00
498.00
499.00
496.00
378.00
338.00
381.00
259.00
229.00
218.00
57.00
49.00
-7.05%-14.04%Earnings before Tax (+)
$1063.00
324.00
-1816.00
497.00
248.00
414.00
470.00
868.00
575.00
171.00
324.00
606.00
975.00
220.00
303.00
-0.72%37.73%Tax Expense (-)
$255.00
162.00
428.00
320.00
445.00
1476.00
544.00
226.00
105.00
-40.00
66.00
137.00
210.00
72.00
60.00
-1.60%-16.67%Income/Loss (Continuing Operations) (+)
$808.00
162.00
-2244.00
177.00
-197.00
-1062.00
-74.00
642.00
470.00
211.00
258.00
469.00
765.00
148.00
243.00
-0.45%64.19%Income/Loss (Discontinued Operations) (+)
$-3.00
184.00
50.00
Profit/Loss (+)
$805.00
162.00
-2244.00
177.00
-197.00
-878.00
-74.00
642.00
Net Income/Loss (NCI) (-)
$194.00
-29.00
41.00
-91.00
125.00
Net Income/Loss (+)
$611.00
191.00
-2285.00
268.00
-322.00
-941.00
-74.00
642.00
470.00
261.00
258.00
469.00
765.00
148.00
243.00
1.89%64.19%Net Income/Loss (Common) (+)
$611.00
191.00
-2285.00
268.00
-391.00
-1010.00
-127.00
651.00
477.00
259.00
256.00
467.00
763.00
147.00
242.00
1.87%64.63%EPS (Basic)
$0.57
0.18
-2.14
0.21
-0.31
-2.31
-0.28
1.33
1.05
0.59
0.60
1.12
1.85
0.36
0.59
10.31%63.89%EPS (Diluted)
$0.55
0.18
-2.14
0.21
-0.31
-2.31
-0.28
1.30
1.03
0.59
0.59
1.11
1.83
0.35
0.59
10.54%68.57%Weighted Avg Shares (Basic)
1066.11
1069.33
1077.69
1222.25
1314.85
440.54
482.77
484.94
446.00
435.00
430.00
416.00
412.00
412.00
410.00
-7.62%-0.49%Weighted Avg Shares (Diluted)
463.00
439.00
435.00
421.00
416.00
418.00
412.00
-1.44%Cash
$1939.00
1861.00
1437.00
1877.00
1919.00
1863.00
2150.00
2277.00
1648.00
1610.00
720.00
791.00
610.00
537.00
533.00
-9.19%-0.74%Receivables
$1942.00
1739.00
1818.00
2128.00
1340.00
974.00
1035.00
1047.00
967.00
328.00
367.00
506.00
675.00
655.00
785.00
-8.43%19.85%Inventory
$2899.00
2825.00
2705.00
3082.00
3442.00
2253.00
2480.00
2492.00
2429.00
1488.00
1402.00
1609.00
1765.00
1662.00
1783.00
-4.05%7.28%Prepaid Expenses (Current)
$
1182.00
730.00
325.00
374.00
314.00
314.00
217.00
195.00
206.00
249.00
187.00
221.00
18.18%Other Assets (Current)
$933.00
1275.00
1009.00
522.00
477.00
339.00
451.00
484.00
29.00
53.00
31.00
17.00
16.00
18.00
-28.38%12.50%Assets (Current)
$7713.00
7700.00
6969.00
8269.00
7953.00
5892.00
6378.00
6581.00
5842.00
3672.00
2737.00
3143.00
3316.00
3057.00
3340.00
-6.79%9.26%Securities & Long-term Investments
$1626.00
1860.00
1907.00
1944.00
1685.00
Property, Plant & Equipment (Net)
$19416.00
18947.00
17639.00
16426.00
14815.00
5499.00
5594.00
5704.00
5463.00
2592.00
2467.00
2332.00
2328.00
2321.00
2294.00
-16.20%-1.16%Goodwill & Intangibles
$5251.00
5170.00
3415.00
5247.00
5401.00
5148.00
5522.00
5419.00
5151.00
4673.00
4616.00
4534.00
4540.00
4542.00
4518.00
-1.21%-0.53%Other Assets
$6114.00
6502.00
5812.00
5513.00
6674.00
3499.00
1224.00
989.00
1122.00
506.00
399.00
246.00
244.00
254.00
258.00
-23.54%1.57%Assets (Non-current)
$32407.00
32479.00
28773.00
29130.00
28575.00
14146.00
12340.00
12112.00
11736.00
7771.00
7482.00
7112.00
7112.00
7117.00
7070.00
-11.87%-0.66%Assets (Total)
$40120.00
40179.00
35742.00
37399.00
36528.00
20038.00
18718.00
18693.00
17578.00
11443.00
10219.00
10255.00
10428.00
10174.00
10410.00
-10.62%2.32%Accounts Payable
$4115.00
4126.00
4349.00
4437.00
3978.00
2380.00
2437.00
2730.00
2674.00
995.00
1065.00
1280.00
1378.00
1197.00
1294.00
-8.71%8.10%Debt (Current)
$731.00
518.00
712.00
83.00
59.00
40.00
38.00
434.00
1034.00
376.00
5.00
206.00
206.00
-10.02%Other Liabilities (Current)
$1167.00
1298.00
1044.00
1021.00
1174.00
329.00
349.00
356.00
418.00
289.00
183.00
202.00
200.00
206.00
198.00
-13.67%-3.88%Liabilities (Current)
$6013.00
5942.00
6105.00
5541.00
5211.00
2749.00
2824.00
3520.00
4126.00
1660.00
1253.00
1482.00
1784.00
1403.00
1698.00
-9.63%21.03%Debt (Non-current)
$8640.00
8311.00
7607.00
8769.00
9044.00
8044.00
6806.00
5896.00
4906.00
4699.00
4227.00
4162.00
3500.00
3988.00
3486.00
-7.25%-12.59%Other Liabilities
$8272.00
9403.00
8508.00
8295.00
8142.00
4104.00
4164.00
3692.00
3925.00
1507.00
1231.00
1010.00
1107.00
1022.00
1140.00
-15.43%11.55%Liabilities (Non-current)
$16912.00
17714.00
16115.00
17064.00
17186.00
12148.00
10970.00
9588.00
8831.00
6206.00
5458.00
5172.00
4607.00
5010.00
4626.00
-10.27%-7.66%Liabilities (Total)
$22925.00
23656.00
22220.00
22605.00
22397.00
14897.00
13794.00
13108.00
12957.00
7866.00
6711.00
6654.00
6391.00
6413.00
6324.00
-10.10%-1.39%Treasury Stock
$3952.00
3881.00
3762.00
3042.00
2825.00
Retained Earnings
$11629.00
11689.00
9272.00
9379.00
8834.00
-1027.00
-1248.00
-358.00
129.00
364.00
603.00
1028.00
1720.00
1159.00
1942.00
-14.72%67.56%AOCI
$-2627.00
-3402.00
-3659.00
-4667.00
-5431.00
-2568.00
-2644.00
-2926.00
-3329.00
-1943.00
-1863.00
-1841.00
-1830.00
-1806.00
-1861.00
-3.05%Shareholder's Equity
$17195.00
16523.00
13522.00
14794.00
14131.00
5141.00
4924.00
5585.00
4621.00
3577.00
3508.00
3601.00
4037.00
3761.00
4086.00
-11.38%8.64%Liabilities & Equity
$40120.00
40179.00
35742.00
37399.00
36528.00
20038.00
18718.00
18693.00
17578.00
11443.00
10219.00
10255.00
10428.00
10174.00
10410.00
-10.62%2.32%Net Income/Loss
$805.00
162.00
-2244.00
177.00
-197.00
-878.00
-74.00
642.00
470.00
261.00
258.00
469.00
765.00
148.00
243.00
-0.42%64.19%Depreciation & Amortization
$1481.00
1462.00
1422.00
1372.00
1280.00
1132.00
551.00
576.00
536.00
338.00
270.00
265.00
272.00
69.00
67.00
-13.17%-2.90%Increase/Decrease in Working Capital
$-87.00
-639.00
-29.00
708.00
905.00
812.00
926.00
1306.00
1396.00
919.00
441.00
246.00
381.00
259.00
198.00
-23.55%Share-based Compensation
$-253.00
-494.00
-391.00
-414.00
-378.00
-204.00
Adjustments to Reconcile Net Income
$1388.00
1338.00
3822.00
1497.00
1779.00
1748.00
775.00
-425.00
-64.00
-252.00
191.00
264.00
136.00
-125.00
-66.00
-17.60%47.20%Net Cash (Operating)
$2193.00
1497.00
1578.00
1674.00
1582.00
870.00
701.00
217.00
406.00
9.00
449.00
733.00
901.00
23.00
177.00
-7.14%669.57%Capital Expenditure
$1489.00
646.00
1180.00
3351.00
971.00
423.00
605.00
459.00
586.00
267.00
199.00
193.00
219.00
64.00
82.00
-14.76%28.13%Net Cash (Investing)
$-1852.00
-759.00
-1290.00
-3460.00
-1060.00
-165.00
540.00
565.00
583.00
271.00
107.00
-135.00
-215.00
-64.00
-75.00
-17.19%Increase/Decrease in Debt
$255.00
-751.00
-460.00
1153.00
-145.00
-775.00
-820.00
-510.00
-404.00
342.00
-847.00
-74.00
-476.00
-176.00
Increase/Decrease in Equity
$-17.00
-5.00
-3.00
-17.00
-3.00
-1.00
50.00
16.00
-1094.00
-101.00
-419.00
-384.00
-241.00
-19.00
-145.00
-663.16%Dividends Paid
$131.00
131.00
132.00
161.00
223.00
228.00
162.00
119.00
57.00
11.00
19.00
44.00
73.00
17.00
21.00
-4.76%23.53%Net Cash (Financing)
$62.00
-798.00
-679.00
2250.00
-441.00
-754.00
-963.00
-649.00
-1568.00
-369.00
-1444.00
-526.00
-868.00
-214.00
-178.00
16.82%Effect of Exchange Rate
$-7.00
-18.00
-33.00
-24.00
-39.00
-7.00
9.00
-4.00
-3.00
-1.00
-2.00
1.00
Increase/Decrease in Cash
$396.00
-78.00
-424.00
440.00
42.00
-56.00
287.00
129.00
-579.00
-92.00
-889.00
70.00
-182.00
-254.00
-76.00
70.08%Cash (Beginning)
$1543.00
1939.00
1861.00
1437.00
1877.00
1362.00
1863.00
2153.00
2282.00
1703.00
1611.00
722.00
792.00
792.00
610.00
-5.41%-22.98%Cash (Ending)
$1939.00
1861.00
1437.00
1877.00
1919.00
1863.00
2150.00
2282.00
1703.00
1611.00
722.00
792.00
610.00
538.00
534.00
-9.19%-0.74%NOPAT
$1140.17
236.50
-1388.00
177.00
-197.00
-1062.00
-51.33
980.01
846.00
772.43
595.63
711.24
943.89
191.73
295.93
-1.56%54.35%Gross Margin %
11.99%
7.40%
10.09%
14.21%
94.32%
95.68%
95.75%
20.89%
26.26%
27.67%
27.55%
28.12%
27.39%
29.28%
Operating Margin %
6.01%
2.00%
-7.88%
2.08%
1.10%
3.34%
2.52%
9.45%
7.29%
11.90%
15.04%
16.23%
18.12%
17.78%
20.23%
NOPAT Margin %
4.57%
1.00%
-6.03%
0.74%
-0.87%
-8.57%
-0.40%
6.99%
5.96%
14.69%
11.98%
12.56%
14.22%
11.96%
16.22%
Net Margin %
2.45%
0.81%
-9.92%
1.12%
-1.43%
-7.59%
-0.57%
4.58%
3.31%
4.96%
5.19%
8.28%
11.52%
9.23%
13.32%
Tax Rate %
23.99%
50.00%
23.57%
64.39%
179.44%
356.52%
115.74%
26.04%
18.26%
-23.39%
20.37%
22.61%
21.54%
32.73%
19.80%
ROA
2.84%
0.59%
-3.88%
0.47%
-0.54%
-5.30%
-0.27%
5.24%
4.81%
6.75%
5.83%
6.94%
9.05%
1.88%
2.84%
ROE
6.63%
1.43%
-10.26%
1.20%
-1.39%
-20.66%
-1.04%
17.55%
18.31%
21.59%
16.98%
19.75%
23.38%
5.10%
7.24%
ROIC
4.26%
0.92%
-6.27%
0.71%
-0.85%
-8.24%
-0.37%
7.28%
6.58%
8.89%
7.10%
8.50%
10.86%
2.33%
3.53%
Asset Turnover
0.62
0.59
0.64
0.64
0.62
0.62
0.69
0.75
0.81
0.46
0.49
0.55
0.64
0.16
0.18
Inventory Turnover
7.57
7.77
7.66
6.65
0.37
0.24
0.22
4.62
2.61
2.56
2.55
2.70
0.70
0.72
Equity Multiplier
2.33
2.43
2.64
2.53
2.58
3.90
3.80
3.35
3.80
3.20
2.91
2.85
2.58
2.71
2.55
Current Ratio
1.28
1.30
1.14
1.49
1.53
2.14
2.26
1.87
1.42
2.21
2.18
2.12
1.86
2.18
1.97
Quick Ratio
0.65
0.61
0.53
0.72
0.63
1.03
1.13
0.94
0.63
1.17
0.87
0.88
0.72
0.85
0.78
Debt/Equity Ratio
0.54
0.53
0.62
0.60
0.64
1.57
1.39
1.13
1.29
1.42
1.21
1.16
0.92
1.06
0.90
Working Capital/Sales
0.08
0.07
0.05
0.14
0.13
0.18
0.20
0.17
0.16
0.27
0.26
0.27
0.27
0.85
0.87
R&D/Sales
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.00
0.00
0.00
0.01
0.01
0.01
0.01
Dividend Payout Ratio %
11.49%
55.39%
9.51%
90.96%
113.20%
21.47%
315.62%
12.14%
6.74%
1.42%
3.19%
6.19%
7.73%
8.87%
7.10%
Total Payout
$-107.00
887.00
595.00
-975.00
371.00
1004.00
932.00
613.00
1555.00
-230.00
1285.00
502.00
790.00
212.00
166.00
-21.70%Payout Ratio %
-9.38%
375.05%
42.87%
-550.85%
188.32%
94.54%
1815.79%
62.55%
183.81%
-29.78%
215.74%
70.58%
83.70%
110.57%
56.09%