Howmet Aerospace (HWM) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter was lower than the prior quarter and higher than the same quarter a year ago. The sequential decline followed a period of consecutive quarterly increases.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter was lower than the prior quarter and higher than the same quarter a year ago. The sequential decline followed a period of consecutive quarterly increases.
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
-2.4%
Change from the immediately preceding quarter.
Year-over-year
+10.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.3B
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 |
|---|---|---|
| Dec 31, 2023 | $1.7B | +14.4% |
| Mar 31, 2024 | $1.8B | +13.8% |
| Jun 30, 2024 | $1.9B | +14.1% |
| Sep 30, 2024 | $1.8B | +10.7% |
Revenue performance
The quarter's revenue decreased from the immediately preceding period, breaking a string of gains. Year-over-year, however, the company reported higher revenue.
Quarterly comparison
Compared to the prior quarter, revenue contracted, marking a reversal of the recent trend. Relative to the same quarter last year, revenue expanded, continuing the annual growth pattern.
What to watch
The sequential decline after a period of growth may be worth following in upcoming reports.