Howmet Aerospace Inc. (HWM), an advanced engineered solutions provider for the aerospace and transportation industries, reported solid first-quarter financial results on May 2, 2024. The company reported a record quarterly revenue of $1.82 billion, surpassing analysts’ estimate of $1.74 billion.
Moreover, revenue from the Commercial Aerospace segment rose 23% year-over-year and was up 12% from the Defense Aerospace segment. Also, the company posted adjusted EPS of $0.57, compared to the consensus estimate of $0.52.
