Howmet Aerospace Reports Fourth Quarter 2020 and Full Year 2020 Results
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Howmet Aerospace (HWM) Tops Q4 EPS by 7c; Offers 1Q & FY21 EPS/Revenue Guidance Below Consensus
February 3, 2021 7:04 AM ESTHowmet Aerospace (NYSE: HWM) reported Q4 EPS of $0.24, $0.07 better than the analyst estimate of $0.17. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.23 billion.
Fourth Quarter 2020 Highlights
Revenue of $1.2 billion, down 29% year over year; up $104 million sequentiallyIncome from continuing operations of $106 million, or $0.24 per share, versus $118 million, or $0.27 per share, in the fourth quarter 2019Income from continuing operations excluding special items of $92 million, or $0.21 per share, versus $164 million, or $0.37 per share, in the fourth quarter 2019Operating income of $221 million, down 22% year over year; up $148 million... More