Howmet Aerospace (HWM) 10-K Summary — Year Ended Dec 31, 2023
The company reported higher revenue compared to the prior year. Operating income, net income, and operating cash flow were all positive.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
The company reported higher revenue compared to the prior year. Operating income, net income, and operating cash flow were all positive.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.6B
Revenue reported for the fiscal year.
Operating income
$1.2B
Income from operations reported for the year.
Net income
$765M
Net income reported for the year.
Operating cash flow
$901M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $5B | n/a |
| Dec 31, 2022 | $5.7B | +13.9% |
| Dec 31, 2023 | $6.6B | +17.3% |
Business overview
The supplied filing sections do not include a description of the company's business. Only the title of the business overview section is referenced in the filing context.
Financial performance
Revenue increased over the period covered by the filing. Operating income, net income, and operating cash flow were reported as positive figures.
Material risks
A decline in the company's financial performance or outlook could negatively affect its credit ratings, access to capital markets, and borrowing costs. A downgrade in credit ratings could limit future financing and increase costs.
Liquidity and capital
The company's liquidity and capital resources are discussed in relation to credit ratings and access to capital. A decline in performance could impact the company's ability to obtain financing on favorable terms.
What to watch
Monitor the company's credit rating and any changes in its ability to access capital markets on favorable terms.