Jet engine and turbine manufacturer Howmet topped estimates for Q4 results with a better-than-expected outlook. The Boeing and F-35 supplier also hiked its dividend. Shares are trading near a buy point atop a yearslong rally.
Howmet Aerospace reported a 40% increase in earnings to 74 cents per share, beating FactSet expectations for 72 cents. Revenue rose 9% to $1.9 billion, driven by a 13% increase in its commercial aerospace segment. Analysts anticipated $1.88 billion in sales.
Howmet expects Q1 earnings to range from 75 cents to 77 cents per share adjusted on $1.925 billion to $1.945 billion in sales. FactSet predicts Q1 earnings of 71 cents per share on $1.918 billion in revenue.
For 2025, Howmet Aerospace expects earnings to range from $3.13 to $3.21 per share adjusted on $7.93 billion to $8.13 billion in sales. FactSet forecasts full-year earnings of $3.20 per share, with $8.05 billion in sales.
Howmet also announced it is raising its Q1 dividend by 25% to 10 cents per share.
Howmet Aerospace Stock Performance
HWM stock pared its early decline to close flat on Thursday.
Shares are trading in a three-weeks-tight pattern with a buy point at 129.10. The latest pattern formed just above the buy zone from a flat base breakout on Jan. 15.
Howmet Aerospace hit a record high of 129.95 intraday Wednesday. It is up 17% so far this year, after more than doubling in 2024.
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