Staff report
Howmet Aerospace Inc., which has a mill in Weathersfield, reported Thursday first-quarter revenue of $1.94 billion, up 6% year over year.
The Pittsburgh-based company said the result was primarily driven by growth in the commercial aerospace market of 9%.
The company also announced an operating income margin of 25.4% for the quarter.
Howmet Aerospace reported it had:
• Generated net income of $344 million versus $243 million in the first quarter 2024.
• Announced earnings per share of $0.84 versus $0.59 in the first quarter 2024.
• Repurchased $125 million of common stock at an average price of $124.24 per share.
• Noted a $0.10 per share common stock dividend, up 100% year over year.
• Received notice Fitch Ratings upgraded March 31 its long-term issuer default rating from BBB to BBB+.
Hence then, the article about howmet aerospace reports revenue increase was published today ( ) and is available on TribToday ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Howmet Aerospace reports revenue increase )
Also on site :
- The Least Worried Man in AI Has a Plan to Rein in Rogue Agents
- AMD acquires startup cofounded by ‘godmother of AI’ Fei-Fei Li for $8.2 billion
- Fans Spot a Major Change to Taylor Swift’s ‘The Man’ Music Video During VMA Presentation — Easter Egg or Editing Error?