Howmet Aerospace (HWM) Tops Q4 EPS by 7c; Offers 1Q & FY21 EPS/Revenue Guidance Below Consensus
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Howmet Aerospace Reports Fourth Quarter 2020 and Full Year 2020 Results
February 3, 2021 7:00 AM ESTFourth Quarter 2020 Highlights
Revenue of $1.2 billion, down 29% year over year; up $104 million sequentially Income from continuing operations of $106 million, or $0.24 per share, versus $118 million, or $0.27 per share, in the fourth quarter 2019 Income from continuing operations excluding special items of $92 million, or $0.21 per share, versus $164 million, or $0.37 per share, in the fourth quarter 2019 Operating income of $221 million, down 22% year over year; up $148 million sequentially Operating income excluding special items of $215 million, down 28% year over year; up $115 million sequentially Generated positive cash from operations and positive adjusted free cash... More