Howmet Aerospace Reports Second Quarter 2020 Financial Results
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Howmet Aerospace (HWM) Tops Q2 EPS by 6c, Revenues Beat; Offers FY20 EPS/Revenue Outlook
August 6, 2020 7:29 AM EDTHowmet Aerospace (NYSE: HWM) reported Q2 EPS of $0.12, $0.06 better than the analyst estimate of $0.06. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.12 billion.
Second Quarter 2020 Highlights
Revenue of $1.25 billion, down 31% year over yearLoss from Continuing Operations of $84 million, or $0.19 per share, versus $136 million, or $0.31 per share, in the second quarter 2019Income from Continuing Operations excluding special items of $55 million, or $0.12 per share, versus $147 million, or $0.32 per share, in the second quarter 2019Operating income of $74 million vs. an operating loss of $176 million in the second quarter... More