Howmet Aerospace (HWM) 10-K Summary — Year Ended Dec 31, 2024
Howmet Aerospace reported strong financial results for the year, with revenue and profits increasing. The company maintains a solid liquidity position but faces risks related to its credit ratings.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Howmet Aerospace reported strong financial results for the year, with revenue and profits increasing. The company maintains a solid liquidity position but faces risks related to its credit ratings.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.4B
Revenue reported for the fiscal year.
Operating income
$1.6B
Income from operations reported for the year.
Net income
$1.2B
Net income reported for the year.
Operating cash flow
$1.3B
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% |
| Dec 31, 2024 | $7.4B | +11.9% |
Business overview
Howmet Aerospace operates in the aerospace industry, as indicated by its corporate name and filing context. The company's business section lists standard regulatory items including risk factors and management discussion. Its operations generate substantial cash flow.
Financial performance
The company's revenue increased compared to the prior year, continuing a multi-year growth trend. Operating income and net income also improved. Operating cash flow remained robust.
Material risks
A decline in the company's financial performance or outlook could negatively impact its credit profile, access to capital markets, and borrowing costs. Downgrades in credit ratings may limit future financing on favorable terms and increase costs.
Liquidity and capital
The company's liquidity and capital resources are subject to market conditions and its own financial performance. A contraction in liquidity or deterioration in metrics could affect credit ratings and access to capital.
What to watch
Monitor the company's credit rating outlook and any changes in its borrowing costs or access to capital markets.