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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 1.77B | 4.2% |
Gross Profit | 322M | 6.3% |
Cost of Revenue | 1.45B | 3.8% |
Operating expense | 172M | 2.4% |
Net Income | 243M | 3% |
EBITDA | 419M | 7.4% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 10.4B | 0.2% |
Total Liabilities | 6.32B | 1% |
Total Equity | 4.09B | 1.2% |
Shares Outstanding | 408M | 0.4% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 177M | 61.4% |
Cash from investing | -75M | 44.2% |
Cash from financing | -178M | 19.8% |
EPS
Financial Highlights for Howmet Aerospace in Q1 '24
Howmet Aerospace reported a revenue of 1.77B, which is a 4.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 322M, marking a 6.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.45B, a 3.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 172M, showing a 2.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 243M, showing a 3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 419M, showing a 7.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Howmet Aerospace with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.