UPDATE: Cowen Upgrades Howmet Aerospace Inc. (HWM) to Outperform
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Howmet Aerospace Reports Third Quarter 2020 Financial Results
November 9, 2020 7:00 AM ESTThird Quarter 2020 Highlights
Revenue of $1.1 billion, down 37% year over year Income from continuing operations of $36 million, or $0.08 per share, versus $58 million, or $0.13 per share, in the third quarter 2019 Income from continuing operations excluding special items of $13 million, or $0.03 per share, versus $148 million, or $0.33 per share, in the third quarter 2019 Operating income of $73 million versus $256 million in the third quarter 2019 Operating income excluding special items of $100 million, down 69% year over year Generated positive cash from operations and positive adjusted free cash flow; Cash balance at end of quarter increased to $1.4... More