Howmet Aerospace (HWM) Reports In-Line Q2 EPS; Raises Outlook
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Howmet Aerospace Delivers on Second Quarter 2021 Commitments with Expectations for a Stronger Second Half 2021
August 4, 2021 7:00 AM EDTSecond Quarter 2021 Highlights
Revenue of $1.20 billion, down only 5% year over year Income from continuing operations of $74 million, or $0.17 per share, versus loss from continuing operations of $84 million, or $0.19 per share, in the second quarter 2020 Income from continuing operations excluding special items of $96 million, or $0.22 per share, versus $55 million, or $0.12 per share, in the second quarter 2020 Operating income of $207 million, up 180% year over year Operating income excluding special items of $205 million, up 14% year over year Generated $85 million cash from operations and $164 million of adjusted free cash flow; $700 million... More