UPDATE: Howmet Aerospace (HWM) Reports Prelim. 1Q Revenues Miss
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Howmet Aerospace (formerly Arconic Inc.) Reports Preliminary First Quarter 2020 Financial Results
April 14, 2020 4:15 PM EDTCompany Expects to Report Full First Quarter 2020 Results on May 5, 2020
PITTSBURGH--(BUSINESS WIRE)-- On April 1, 2020, Arconic Inc. completed the separation of its business into two independent, publicly-traded companies: Howmet Aerospace Inc. (the new name for Arconic Inc.) and Arconic Corporation (Arconic Corp). The financial results of Howmet Aerospace prior to April 1, 2020 include the Global Rolled Products business (which became Arconic Corp as of April 1, 2020).
First Quarter 2020 Highlights
Expected revenue of ~$3.2 billion, down ~9% YoY; expected organic revenue1 down ~6% YoY Net income is expected to be in the range of... More