Howmet Aerospace (HWM) Revenue — Quarter Ended Mar 31, 2024
Revenue rose in the first quarter compared to both the preceding quarter and the same period a year earlier. The company continued to see positive momentum in its top line.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue rose in the first quarter compared to both the preceding quarter and the same period a year earlier. The company continued to see positive momentum in its top line.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+5.4%
Change from the immediately preceding quarter.
Year-over-year
+13.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $1.6B | +18.3% |
| Sep 30, 2023 | $1.7B | +15.7% |
| Dec 31, 2023 | $1.7B | +14.4% |
| Mar 31, 2024 | $1.8B | +13.8% |
Revenue performance
The reported revenue was higher than the prior quarter, reflecting a sequential increase. On a year-over-year basis, revenue also grew substantially.
Quarterly comparison
When measured against the prior quarter, revenue improved. The year-over-year comparison also showed a notable gain.
What to watch
The filing context highlighted a significant increase in cash from operations, driven by higher operating results and working capital improvements.