OverviewSuggest Edit

Howmet Aerospace (formerly known as Arconic, Alcoa RTI Remmele Engineering) is a provider of advanced engineered solutions for the aerospace and transportation industries. It manufactures jet engine components, aerospace fastening systems, and titanium structural parts necessary for aerospace and defense applications, as well as forged wheels for commercial transportation. The company was formed as a result of the demerger of Arconic into Howmet Aerospace and Arconic Corporation.
TypePublic
Founded1888
HQPittsburgh, PA, US
Websitehowmet.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Dec 2020)19,700(-52%)
Job Openings569
Revenue (FY, 2020)$5.3 B(-62%)
Share Price (Jan 2022)$32.2(-1%)
Cybersecurity ratingCMore
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Key People/Management at Howmet Aerospace

John C. Plant

John C. Plant

Chairman and Chief Executive Officer
Neil Marchuk

Neil Marchuk

Executive Vice President and Chief Human Resources Officer
Ken Giacobbe

Ken Giacobbe

Executive Vice President and Chief Financial Officer
Lola Lin

Lola Lin

EVP, CLO and Secretary
Merrick Murphy

Merrick Murphy

President of Engineered Structures
Dirk Bauer

Dirk Bauer

President of Engine Products
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Howmet Aerospace Office Locations

Howmet Aerospace has offices in Pittsburgh, Barberton, Big Lake, Branford and in 72 other locations
Pittsburgh, PA, US (HQ)
201 Isabella St
Barberton, OH, US
842 Norton Ave
Big Lake, MN, US
17465 198th Ave
Branford, CT, US
4 Commercial St
Canton, OH, US
1935 Warner Rd SE
Canton, OH, US
208 15th St SW
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Howmet Aerospace Financials and Metrics

Howmet Aerospace Revenue

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Howmet Aerospace's revenue was reported to be $5.26 b in FY, 2020 which is a 62.9% decrease from the previous period.
USD

Revenue (Q3, 2021)

1.3b

Gross profit (Q3, 2021)

355.0m

Gross profit margin (Q3, 2021), %

27.7%

Net income (Q3, 2021)

27.0m

EBIT (Q3, 2021)

205.0m

Market capitalization (25-Jan-2022)

14.0b

Closing stock price (25-Jan-2022)

32.2

Cash (30-Sept-2021)

724.0m

EV

17.6b
Howmet Aerospace's current market capitalization is $14 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

14.0b14.2b5.3b

Revenue growth, %

8%1%(63%)

Cost of goods sold

11.4b11.2b3.9b

Gross profit

2.6b3.0b1.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

3.5b3.7b3.6b3.2b1.3b1.1b1.2b1.2b1.3b

Cost of goods sold

2.8b2.9b2.8b2.5b923.0m900.0m873.0m857.0m928.0m

Gross profit

723.0m752.0m759.0m733.0m330.0m234.0m336.0m338.0m355.0m

Gross profit Margin, %

20%20%21%23%26%21%28%28%28%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.3b1.6b1.6b

Accounts Receivable

1.0b967.0m328.0m

Inventories

2.5b2.4b1.5b

Current Assets

6.6b5.8b3.7b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

1.3b1.4b1.3b2.6b1.3b1.4b1.2b715.0m724.0m

Accounts Receivable

1.2b1.2b1.1b1.3b364.0m310.0m339.0m316.0m408.0m

Inventories

2.6b2.6b2.6b2.5b1.7b1.6b1.5b1.5b1.4b

Current Assets

6.1b6.0b5.9b6.9b3.7b3.6b3.3b2.8b2.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

642.0m470.0m261.0m

Depreciation and Amortization

576.0m536.0m338.0m

Inventories

(74.0m)(3.0m)74.0m

Accounts Payable

339.0m(56.0m)(381.0m)
Quarterly
USDFY, 2018

EV/EBIT

9.2 x

EV/CFO

56.2 x

Revenue/Employee

325.9k

Debt/Equity

1.1 x

Debt/Assets

0.3 x

Financial Leverage

3.3 x

P/E Ratio

12.7
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Howmet Aerospace Operating Metrics

FY, 2018FY, 2019FY, 2020

Patent Applications

824538183

Patents Issued

1.86 k1.64 k959

Trademarks

1.97 k2.07 k1.37 k

Trademarks Pending

465818329
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Howmet Aerospace Acquisitions / Subsidiaries

Company NameDateDeal Size
JFB Firth Rixson Inc.November 30, 2014
Cordant Technologies Holding Company
FR Acquisition Corporation (US), Inc.
FR Acquisitions Corporation Europe Limited
Howmet Aerospace Inc.
Howmet Canada Company
Howmet Castings & Servings, Inc.
Howmet Corporation
Howmet Domestic LLC
Howmet Europe Commercial SAS
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Howmet Aerospace Revenue Breakdown

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Howmet Aerospace revenue breakdown by business segment: 45.8% from Engine Products, 12.9% from Forged Wheels, 17.6% from Engineered Structures and 23.7% from Fastening Systems

Howmet Aerospace revenue breakdown by geographic segment: 53.0% from United States, 6.2% from France, 5.9% from Germany, 7.4% from Japan and 27.5% from Other

Human Capital Metrics

Howmet Aerospace's employees are reported to be approximately 25% female and 75% male.
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Howmet Aerospace Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

Howmet Aerospace Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Howmet Aerospace Online and Social Media Presence

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Howmet Aerospace News and Updates

Howmet Aerospace shares fall premarket after revenue miss and guidance that lags consensus

Howmet Aerospace Inc. shares slid 1.6% in premarket trade Thursday, after the former unit of Pittsburgh-based Arconic missed revenue estimates for the third quarter and offered guidance that lagged consensus. The company posed net income of $27 million, or 6 cents a share, down from $74 million, o…

Notable Howmet Aerospace Insider Trades $251.82 Thousand In Company Stock

Ken Giacobbe, EVP And CFO at Howmet Aerospace (NYSE:HWM), made a large buy and sell of company shares on September 8, according to a new SEC filing.

Funds approved to upgrade Howmet Aerospace wastewater filtration system

Howmet Aerospace asked for financial assistance after having a rough year in 2020 due to people not flying because of COVID.

Space exploration is in our DNA! Our materials science expertise has helped land the Apollo spacecraft on the moon and launch the shuttle program.

Space exploration is in our DNA! Our materials science expertise has helped land the Apollo spacecraft on the moon and launch the shuttle program. We’ve even 3D printed metal parts for the NASA - National Aeronautics and Space Administration's Orion spacecraft that will eventually take humans to Mar…

$1.29 Billion in Sales Expected for Howmet Aerospace Inc. (NYSE:HWM) This Quarter

Equities research analysts predict that Howmet Aerospace Inc. (NYSE:HWM) will report sales of $1.29 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Howmet Aerospace's earnings, with the lowest sales estimate coming in at $1.28 billion…

Howmet Aerospace Announces Note Tender Early Results

Howmet Aerospace Inc. (“Howmet Aerospace” or the “Company”) (NYSE:HWM) announced today the early tender results for the Company’s previously announced tender offer (the “tender offer, or the “offer”) in respect of its outstanding 6.875% Notes due 2025 (the “Existing 2025 Notes”).
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Howmet Aerospace Frequently Asked Questions

  • When was Howmet Aerospace founded?

    Howmet Aerospace was founded in 1888.

  • Who are Howmet Aerospace key executives?

    Howmet Aerospace's key executives are John C. Plant, Neil Marchuk and Ken Giacobbe.

  • How many employees does Howmet Aerospace have?

    Howmet Aerospace has 19,700 employees.

  • What is Howmet Aerospace revenue?

    Latest Howmet Aerospace annual revenue is $5.3 b.

  • What is Howmet Aerospace revenue per employee?

    Latest Howmet Aerospace revenue per employee is $267 k.

  • Who are Howmet Aerospace competitors?

    Competitors of Howmet Aerospace include Sumitomo, Allegheny Technologies and LISI Group.

  • Where is Howmet Aerospace headquarters?

    Howmet Aerospace headquarters is located at 201 Isabella St, Pittsburgh.

  • Where are Howmet Aerospace offices?

    Howmet Aerospace has offices in Pittsburgh, Barberton, Big Lake, Branford and in 72 other locations.

  • How many offices does Howmet Aerospace have?

    Howmet Aerospace has 84 offices.