NYSE$HWM
Howmet Aerospace Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
reported second quarter 2022 results with commercial aerospace revenue up 34% year-over-year and EPS exceeding guidance.
Howmet Aerospace reported strong second quarter 2022 results, with revenue of $1.39 billion, up 17% year-over-year, driven by growth in the commercial aerospace market. Net income was $147 million, or $0.35 per share. The company generated $114 million in free cash flow and executed $60 million in share repurchases and $60 million in debt repurchases.
- Revenue of $1.39 billion, up 17% year over year, driven by Commercial Aerospace, up 34% YoY
- Net income of $147 million, or $0.35 per share, versus $74 million, or $0.17 per share, in the second quarter 2021
- Net income excluding special items of $149 million, or $0.35 per share, versus $96 million, or $0.22 per share, in the second quarter 2021
- Generated $158 million cash from operations; $114 million of free cash flow
Headline financials
Revenue & EPS history
Howmet Aerospace · Revenue · Quarterly
$1.39B
Revenue by segment
Howmet Aerospace · $1.39B total across 4 segments · Q2 2022
- Engine Products$652M+19.9%46.8%
- Forged Wheels$279M+21.8%20.0%
- Fastening Systems$277M+5.7%19.9%
- Engineered Structures$185M+15.6%13.3%
Forward guidance
Howmet Aerospace provided guidance for Q3 2022 and full year 2022.
Tailwinds
- Q3 2022 Revenue: $1.425B - $1.455B
- Q3 2022 Adj. Earnings per Share: $0.35 - $0.37
- Q3 2022 Adj. EBITDA: $320M - $331M
- FY 2022 Revenue: $5.645B - $5.715B
- FY 2022 Free Cash Flow: $625M - $675M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.6%
Avg return
Earnings day
+3.0%
Avg return
5 days after
+5.9%
Avg return
30 days after
60%
43 / 72 earnings
Positive
+22.0%
Q3 2020
Best reaction
-21.2%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +6.3% | +4.0% | -1.7% | |
| Q1 2026 | +2.8% | +4.0% | -1.7% | |
| Q3 2025 | -0.8% | +0.8% | +0.5% | |
| Q2 2025 | -6.4% | -6.7% | -9.4% | |
| Q1 2025 | +6.8% | +12.4% | +22.6% | |
| Q4 2024 | -0.0% | +6.7% | -1.2% | |
| Q3 2024 | +8.9% | +12.3% | +15.8% | |
| Q2 2024 | +15.5% | +8.8% | +17.0% | |
| Q4 2023 | +7.7% | +6.8% | +11.3% | |
| Q3 2023 | +7.3% | +7.9% | +18.3% | |
| Q2 2023 | -6.0% | -4.1% | -3.3% | |
| Q1 2023 | +0.9% | -0.7% | -1.3% | |
| Q4 2022 | +5.7% | +4.7% | -1.5% | |
| Q3 2022 | +0.9% | -0.4% | +4.1% | |
| Q2 2022 | -0.5% | +0.6% | -5.9% | |
| Q1 2022 | +8.0% | +3.5% | +9.3% | |
| Q4 2021 | +2.8% | +3.8% | +7.1% | |
| Q3 2021 | +9.8% | +8.7% | -4.5% | |
| Q2 2021 | -4.1% | -4.4% | -4.9% | |
| Q1 2021 | +3.8% | +0.2% | +8.8% | |
| Q4 2020 | +4.7% | +6.2% | +16.3% | |
| Q3 2020 | +22.0% | +18.6% | +35.0% | |
| Q2 2020 | +5.5% | +13.7% | +10.1% | |
| Q1 2020 | -3.8% | +5.6% | +30.0% | |
| Q4 2019 | +8.1% | +2.9% | +9.4% | |
| Q3 2019 | +2.3% | +0.7% | +5.9% | |
| Q2 2019 | -3.3% | +3.5% | +6.1% | |
| Q1 2019 | +3.7% | +8.3% | +6.3% | |
| Q4 2018 | -1.1% | -7.0% | -1.7% | |
| Q3 2018 | +5.8% | +10.1% | +11.0% | |
| Q2 2018 | +2.6% | +1.8% | +5.8% | |
| Q1 2018 | -21.2% | -23.3% | -19.3% | |
| Q4 2017 | -13.2% | -15.3% | -15.4% | |
| Q3 2017 | -10.5% | -9.4% | -12.6% | |
| Q2 2017 | +2.8% | -1.0% | +1.4% | |
| Q1 2017 | +5.4% | +4.7% | +4.3% | |
| Q4 2016 | +12.4% | +15.1% | +26.8% | |
| Q3 2016 | +6.0% | +9.6% | +25.2% | |
| Q2 2016 | -2.0% | — | — | |
| Q1 2016 | -2.0% | — | — | |
| Q4 2015 | +9.7% | — | — | |
| Q3 2015 | -3.5% | — | — | |
| Q2 2015 | -2.6% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | -0.4% | — | — | |
| Q3 2014 | +2.7% | — | — | |
| Q2 2014 | -2.9% | — | — | |
| Q1 2014 | +4.5% | — | — | |
| Q4 2013 | +0.9% | — | — | |
| Q3 2013 | +0.1% | — | — | |
| Q2 2013 | +0.2% | — | — | |
| Q1 2013 | -1.5% | — | — | |
| Q4 2012 | -2.5% | — | — | |
| Q4 2011 | -2.5% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | +5.4% | — | — | |
| Q1 2012 | +1.5% | — | — | |
| Q3 2011 | +4.7% | — | — | |
| Q2 2011 | +2.1% | — | — | |
| Q1 2011 | -1.0% | — | — | |
| Q4 2010 | -1.8% | — | — | |
| Q4 2009 | -1.8% | — | — | |
| Q3 2010 | +0.8% | — | — | |
| Q2 2010 | -4.8% | — | — | |
| Q1 2009 | +2.9% | — | — | |
| Q1 2010 | +2.1% | — | — | |
| Q4 2007 | -0.5% | — | — | |
| Q3 2008 | -5.4% | — | — | |
| Q3 2009 | -5.4% | — | — | |
| Q2 2009 | +8.0% | — | — | |
| Q2 2008 | +8.0% | — | — | |
| Q4 2008 | +8.0% | — | — |
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