HWM - Howmet Aerospace Non-GAAP EPS of $0.38 in-line revenue of $1.5B beats by $30M initiates FY23 and Q1 outlook
- Howmet Aerospace press release ( NYSE: HWM ): Q4 Non-GAAP EPS of $0.38 in-line.
- Revenue of $1.5B (+15.4% Y/Y) beats by $30M .
- 4Q22 Guidance: Revenue at $1.475B-$1.525B vs. consensus of $1.48B; Adjusted EPS of $0.35-$0.39 vs. consensus of $0.38.
- FY2022 Guidance: Revenue $6B-$6.2B vs. consensus of $6.16B; Adjusted EPS $1.53-$1.67 vs. consensus of $1.73.
- Adjusted EBITDA excluding special items of $336 million, up 14% year over year
- Generated $455 million cash from operations; $410 million of free cash flow; $89 million of cash used for financing activities; and $29 million of cash used for investing activities
- Cash balance at end of quarter of $792 million; $65 million of common stock repurchases; $0.04 per share dividend on common stock; $9 million of debt repurchases
For further details see:
Howmet Aerospace Non-GAAP EPS of $0.38 in-line, revenue of $1.5B beats by $30M, initiates FY23 and Q1 outlook