Why Howmet Aerospace Stock Is Soaring

Summary

  • Howmet Aerospace reports strong Q1 earnings, beating analyst estimates with 14% revenue growth and 21% increase in adjusted EBITDA.
  • The company's diversified end-market perspective and strength in aerospace segments contribute to its strong earnings.
  • Challenges with the Boeing 737 MAX program impact Howmet Aerospace's delivery assumptions, but the company sees upward pressure on its 2024 earnings.
  • Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More »

Primer green Boeing 737 MAX 8 aircraft about to land at Spokane International Airport, USA.

Jon Tetzlaff/iStock Editorial via Getty Images

Howmet (NYSE:HWM) stock has surged to fresh highs after providing strong Q1 earnings and an even strong outlook for 2024 despite challenges faced on the Boeing 737 MAX program that are affecting Howmet

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This article was written by

20.01K Followers

Dhierin-Perkash Bechai is an aerospace, defense and airline analyst.

Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BA, EADSF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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