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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.83B | 3.1% |
| Gross Profit | 414M | 28.6% |
| Cost of Revenue | 1.41B | 2.6% |
| Operating expense | 163M | 5.2% |
| Net Income | 332M | 36.6% |
| EBITDA | 489M | 16.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 10.6B | 1.4% |
| Total Liabilities | 6.06B | 4.3% |
| Total Equity | 4.5B | 10.2% |
| Shares Outstanding | 407M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 331M | 87% |
| Cash from financing | -441M | 147.8% |
EPS
Financial Highlights for Howmet Aerospace in Q3 '24
Howmet Aerospace reported a revenue of 1.83B, which is a 3.1% 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 414M, marking a 28.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.41B, a -2.6% 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 163M, showing a -5.2% 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 332M, showing a 36.6% 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 489M, showing a 16.7% 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.
